In order to
qualify for a payday loan there are basically two simple requirements: you need to show proof of income with copies of your paychecks or tax presentations and you need to have a bank account where the money will be deposited.
To
qualify for your payday loan without a checking account, you will need to open a savings account and provide the savings account routing number to the payday loan servicer in lieu of a checking account.
It is not compulsory that you are employed but you need to have a steady flow of income to
qualify for payday loan.
You do not need to have anything more than a regular job and an address to
qualify for a payday loan.
Some states have a minimum age requirement of 21 years for one to
qualify for the payday loan.
If you've had credit problems in the past, not only will
you qualify for a payday loan because the lenders use a different set of criteria to determine approvals, rather than the standard credit report, but getting that «paid as agreed» on your credit report will help rebuild your credit score so that you won't be painted with the «bad credit» label for any longer than necessary!
To
qualify for a payday loan you'll need to provide proof of income with some personal and banking information.
Typically to
qualify for a payday loan you will need to verify occupation, be the authorized age of 18, and also have a banking account.
Qualifying for a payday loan is easy and you don't need to worry about your credit rating, as payday loans are tied to your payday cash.