how can i recieve a loan through money transfer if i dont have a bank account?

Question

cant i use something like western union or is there a website that does money loans with (western union like) tranksfers

Answer 1

Have the lender send it Western Union. Yes - they have a website, but you will have to visit a local office to pick up the money.

Answer 2

There is a company called pay pal that lets you send and recieve money. The only problem it is for use on the internet and you still will not have the cash in your hands. Try opening an account in a crediit union. They usually only require 50usd to open an account. This way you have an account to send money to. Western Union will transfer money but only in certain amounts and of course there is a fee to send, but not to recieve.

Answer 3

If your creditor is willing to issue a loan as a Western Union transfer or a money order, you can certainly do that, but the most obvious way is for them to write you a check.

If their account is in a large national bank, you should be able to cash this check at any bank location (of that particular bank) without having to be a customer. You can cash it at any bank you are a customer of, as well.

Answer 4

Western Union is one of the oldest and largest money transfer networks worldwide. It is one the safest way to receive money since it is not possible to reverse the transaction, especially if the amount is received in cash.
More details available at
http://www.money-transfer.in/westernunionmoneytransfer.html

Answer 5

If you do not have a bank account, you cannot receive an automatic funds transfer. Depending on what the bank said they would do with the funds, they may just draft a certified check and Fed Express the check to you.

Answer 6

Go to a local bank and open account that day.

Answer 7

Ask the lender. There's no way for anyone here to know that answer to that.