Thursday, July 17, 2008

Can I Get A Payday Loan

A lot of people seeking a cash advance for the first time may not understand if they will even qualify for a payday loan. Here are some very common things most lenders will look for before lending out any short term money.



1) You must have a job, period. Most lenders want to see that you have been on that job for the last six months.

2) You make make at least $1,000 to $1,500 each month. That is the minimum amount most lenders like to see a person make each month before they will approve a person for a payday loan. You also need to be able to prove you are employed which is normally done using a recent paycheck stub.

3) Your age matters. If you are not a legal adult forget it. That means you need to be at least 18 years old.

4) You will need to have a checking account with a financial institution. It must be an active account.

5) You will need to prove you are who you say you are. That means you need to prove your identity.

If you pass the test for those five things listed above then you may qualify for a payday loan. There will be other requirements depending on the lender. There will be other factors that could immediately rule you out from qualifying for a payday loan. The easiest way to find out if you can get a payday loan if to take a couple of minutes and fill out an online form. The approval process is usually immediate.

Apply For A Payday Loan Now




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