Who can qualify for a payday loan?
Almost everyone can qualify for a payday loan. Following are the requirements of lenders. Also the cases when you are not allowed to take out a payday loan are specified.
Payday loans online seem to be the best solution of our short-term budget shortfalls. The terms and conditions of our lenders are fair and understandable. Reed on to find out whether you can qualify for same day payday loans or not.
- You must be employed and receive regular income of at least$1000 per month.
- You must be a citizen of the United States
- You must be at least18 years old
- You must have a bank account that allows for direct deposit
- Persons who receive their income through social security, welfare or some other government programs may also qualify for this loan, provided they are paid regularly at least $800 a month
Some lenders also require the proof that you've been living at your place of residence for a specified period.
Pay attention! You are unlikely to qualify for a payday loan if
- You have an outstanding payday loan or unpaid returned checks
- You have been working at your present work less than three months
- Your contact information is invalid
- Your bank account cannot be verified
- Your personal information cannot be identified
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