I DON'T HAVE A BANK ACCOUNT OR SAVINGS i REALLY NEED A LOAN WHAT IS THE BEST WAY?

You are going to attract scammers in Yahoo Answers with a question like that.

If you cannot get a loan thru a bank or other financial institution then there is usually a pretty good reason why you are being turned down. The people who will step up to give you a loan in a situation like that generally are not concerned with your well being. In fact, most want to bleed you dry.

You have announced that you are desparate. Very poor negotiating tactic. When the rabbit screams, the fox comes a running, but not to help. The people who will tell you they will give you a loan are wanting to scam you.

Ways it will go down.

1. ID theft. To get a loan you will have to fill out paperwork or go online and fill out a form. You will probably give your name, social security number, birthdate, and mother's maiden name without any concern or second thought. The scammers know this and they steal the ID.

2. Having you pay upfront for a loan. Many places charge a loan processing fee or something like that. Usually less than $50 or so. In fact, the ones I have seen are about $25. However, the scammers will want much, much more than that. Hundreds or thousands of dollars. They will tell you they need that up front to get the loan going. You pay. They disappear.

3. You don't have a bank account but if a loan place told you that you needed a checking account for them to electronically deposit the loan, then you may go off and see if you can open a simple checking account somewhere. The scammer will then use the bank information you provide them to use the account for illegal purposes.

4. Get you to fall for some other scam. The check cashing scam. The shipping scam. The nigerian letter scam. A person may contact you with a proposition or a possible job that could "help" you out. They will get you to fall for one of the many other scams out there.

What you need to do is figure out why you "really need" a loan. There are usually other ways to get the money. Sometimes, you may have to go without for a while. Cut back on unneeded expenses. Go with cheaper grocery selections. No cigarettes or alcohol. Sell your electronics. Cut out using cable. Get rid of the cell phone. There are tons of little expenses that really add up in a person's life.

Also, you need to learn more about personal finance. Go to the library and check out the books on that subject. Stay away from the "how to make a million in real estate or stocks or frog skins or whatever" selections. If you can, get the Personal Finance for Dummies or the Idiot's Guide to Personal Finance. Those books will break down the basics for you and give you a starting point.

A loan is what seems like an instant fix but in most cases it is just making things worse.