With a payday loan, you don't have to have good credit like you do with other loans. It does, however, require you to meet another set of requirements, which are all listed below.
How to Get a Payday Loan Quickly Today
Most payday loan applications are approved in less than 24 hours, so there's a good chance that you could get the money you need the same day if you borrow today.
Step One Prepare proof of who you are, like your Social Security number and a valid ID. To kill two birds with one stone, it would be better if any of the proof you brought with you also had your contact information on it. You not only pass the check of the payday loan company, but you also give them a way to get in touch with you, which is something that all payday loan companies like.
Step Two Make a work sample. You can either fax your pay stub or a similar document, or you can let the payday loan company call your place of work to verify your status. If you just started a new job or moved to a new one, your application for a payday loan might not be accepted. Most situations require that you work for the same company for at least two months, so you should be patient while you wait.
Third Step Get proof that you have a bank account. Even though you might only have $2.30 in your bank account, that doesn't matter. The most important thing is to have a bank account. Without it, the whole process can't move forward.
Fourth Step Find a website for a payday loan where you want to send your application. The first question you should ask yourself when choosing the best website is, "How much will I have to pay?" Rates should be compared. Find out what the program's features are and how long you can still last. How much money can it lend at most? Does it have a set of rules about how to act? In the end, take the time to check with the Better Business Bureau to see if what you think and what you expect are true.
Fiveth Step Once you've found the best site for a payday loan, click the "Apply Now" button. Fill out the online form as thoroughly as you can. Even if the website's system is going to do it for you, it's a good idea to check the form yourself to make sure no numbers were left out.
Step Six Once you've filled out your application form online and sent it in, you might need to talk to a customer service rep later if they find any strange details or mistakes. Answer fully and truthfully.
Step Seven Don't list more than what you can afford to pay back. Obviously, it's a bad idea to borrow more money than you can pay back each month. Most payday loans cost between $100 and $1000, so don't borrow more than the lower half of this range.
Step Eight Check your bank account to see if the amount of money you borrowed has already been put there.
Congratulations! You've reached the end of the process. We hope you enjoy spending your new money. If you want to pay your creditor on time, don't forget to stick to your budget. If you treat money in a responsible way, you probably won't have any problems with a payday loan.
