Payday Loan Qualifications

Posted on Sunday, January 23rd, 2011 at 12:41 pm in Financial Planning

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There are just a few necessary requirements in order to qualify for an online cash advance. These qualifications are needed in order to be instantly approved for an instant cash advance. Although they are somewhat flexible to a certain extent, but this is something that you should discuss with your online cash advance lender before applying. We are going to go over the basic qualifications and explain them in further detail. By going over these requirements we will give borrowers a better understanding of what is needed in order to get yourself the quick cash you need.

In order to qualify for an online cash advance you must meet the following requirements:

  • Must be over 18 years of age.
  • Must be a United States citizen.
  • Must be employed.
  • Must earn at least $750 a month.
  • Must have an active checking account.
  • Must receive direct deposit from your employer.

Most of these are pretty standard. For instance, for just about everything you need to be over 18 years of age. Although some online payday loan lenders do offer payday loans to international lenders, we only specialize in online payday loans for United States citizens. Although it is necessary to employed if you wish to be instantly approved for your payday loan, you can still receive a cash advance if you need money but are not employed. For instance, if you are on a fixed income, such as a unemployment or social security, then you can still get yourself an online cash advance. It is also necessary that you have an active checking account and receive direct deposit. The reason for this is, an online cash advance will deposit your cash directly into your bank account, much in the same way that you receive direct deposit from your employer. These qualifications are necessary in order to be instantly approved for your payday loan. Make sure to discuss this with your lender during the application process.

Related posts:

  1. Getting Approved For Your Online Payday Loan
  2. Who Uses a Payday Loan?
  3. How Easy is a Payday Loan?
  4. Cash Advances: Step by Step
  5. Here’s Your Payday Loan Application

3 Easy Steps to Get Your Quick Cash

1
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Complete the short form.

2
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Receive your approval and confirm loan.

3
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Cash deposited into your account.