The internet can be used to get a payday loan in just a few minutes. You can get up to $1000 moved into your checking account in just a few hours. To get your loan, you will need to give them some basic information about your finances, though. But if someone wants too much information, that's a sign of a scam.
Needed: Just the basics
A payday loan lender will need your name, phone number, checking account number, and information about your job in order to process your application. With an application that doesn't need a fax, you just type in the information. If you don't have a fax, you will need to send copies of your driver's licence, pay stub, and a check that has been cancelled.
The lender needs your personal information so that if there is a problem with your account, they can get in touch with you. They also want to make sure you are at least 18 years old.
Since the cash advance will be wired to your checking account, you will need to provide information about it. Your payment will also be taken out by your lender. They also want to make sure that no checks are still out there.
Payday loan companies also check to see if you have a steady source of income, like a job or a pension check. With an employer, they will also check to see if you've been working for them for more than 30 days.
What Not to Talk About
Don't tell anyone your PIN number for any account. If the lender is real, they don't need it to put money into or take money out of your checking account. And they don't need it to make sure you have credit cards.
Be especially careful about giving out your personal information, like your SSN, a description of yourself, or your licence plate number. Social security numbers are used to keep track of people, but you should make sure you know who you are giving the number to. Identity theft is often done with the help of other personal information.
Look For Lender's Name And Address
Before you sign up with a lender, check their website for their name and address. If you can't find it, call or email to ask for it. This way, if you are having trouble, you can talk to the lender. Don't do business with companies that don't answer. They are likely to be dishonest or hard to work with.
