Most payday lenders require that you have an open and active checking account to get payday loans. The problem is that many people needing a payday loan have screwed up their previous bank account. It's easy to do. Bounce a few checks and the next thing you know your account is closed and you end up in bank account hell. They call it...
Chex Systems!
Once you're listed in Chex Systems, it's almost impossible to open a checking account at another bank. But there is one bank that will give just about anyone a second chance. If you don't have a checking account or are already in Chex Systems, this bank will let you open up a new checking which you can then use to get a payday loan. And that bank is...
WoodForest Bank!
Woodforest Bank has a program called second chance checking. For a small fee, around ten bucks or so a month, you can walk in this bank today and open up a new checking account, get you some starter checks, walk into a your local payday lender and walk out with a payday loan.
It's really that simple.
Where do you find this bank? You probably have one in your town and didn't know it. I'm in Ohio and it's located inside the largest retailer in the world...
Your local Walmart!
If you need payday loans and lack of a checking account was holding you back, I just solved that problem for you!
Now there is one more problem that you may have to overcome, depending on the company you are trying to get your payday loan from...
Starter checks!
In order to get some payday loans, you need permanent checks. Some lenders will not accept starter checks when you first open your account. So make sure that when you open a new account, order some permanent checks at the same time. You should get them in 7 - 10 days.
If you're reading this and you are already in Chex Systems, this may be your last chance to act responsibly with a checking account. You should also know that you can be prosecuted in most states for passing bad checks. I've seen many people get payday loans and never pay them back. Do so at your own risk. You may end up in criminal court, facing jail time, or losing a civil case and paying up to three times the amount of the payday loan! I don't want to scare you, just keep these things in mind before you ever apply for a payday loan.
