Can Newly Employed Applicants Qualify For A Payday Loan
There are only a few requirements to meet when getting a payday loan from Carolina Payday Loans, Inc., and you can qualify even if you’re newly employed! Just be sure you’re at least 18 years old and can provide the necessary documents to proceed.
This article will tell you everything you need to know to qualify for one of these loans. You’ll learn what documents to prepare and how to start the process by submitting your information. Then, you’ll learn what each step of the process looks like so you can proceed with total peace of mind!
Can A Newly Employed Applicant Qualify For A Payday Loan?
Yes, a newly employed applicant can qualify for a payday loan which has a maximum amount of $550. If they can meet the loan’s requirements and provide the necessary documents, they’ll go through the same process as anyone else to get one of these loans. Here is a closer look at the requirements to qualify for a payday loan:
1. Minimum Age
For starters, anyone wanting to get a payday loan must be at least 18 years old. That’s a hard rule with no workaround. Even if you’re only hours or days away from that age, you must wait until your 18th birthday before you can get a loan.
2. Valid Identification
The person wanting the payday loan must be able to provide valid identification, namely a driver’s license. If they don’t have a license for whatever reason, they can use another state-issued photo ID instead. Having identification is crucial so the representative can verify the person’s identity and cross-check it against the other required items.
3. Blank Check
Aside from identification, the applicant must also prepare a blank check. That check must come from an account that’s registered in the applicant’s name.
4. Proof Of Income
Last but not least, proof of income is also a requirement for a payday loan. That will come in the form of the most recent pay stub received from their job.
What Should I Do To Get A Payday Loan?
Suppose you’re newly employed and want to get a payday loan. In that case, these are the steps you’ll go through:
- Submit the form: First, you must submit your information through the quick cash online form. You can do this anytime while using your preferred mobile device, and it’ll send your details to a representative at a nearby store location.
- Receive the call: Soon after, you’ll receive a call from that representative. They’ll make contact to brief you on the process and its requirements. Then, they’ll set a time and place to meet you in person so they can verify your documents.
- Meet the representative: Meet the representative at the agreed time and bring your required documents. They’ll take a few moments to check each one and determine whether or not you qualify. If so, they’ll assess how much you qualify to borrow.
- Complete the process: The representative will help you complete the process with simple paperwork.
- Receive the cash: If you’re approved, you could receive the money as quickly as the same day or by the next business day.
Once you receive the money, you can use it to make whatever urgent payments you have!
How Long Will This Process Take?
The process described above is quick and straightforward. You can get started anytime you want by submitting the online form with your details.
Then, you could complete the in-person portion in as little as 30 minutes. The representative will then take a few moments to inform you of the outcome and how much you qualify to borrow. Finally, the money could be transferred to you on the same day or by the next business day.
Remember: if you’re unsure of any part of the process, you can always ask the representative for help. They will answer your questions and address all your concerns, so you can proceed with total peace of mind.
Will Bad Credit Affect My Ability To Get A Payday Loan?
No, having bad credit won’t stop you from getting a payday loan. That’s because having perfect credit is not a requirement for this type of loan. You'll go through the same process as anyone else as long as you can meet the requirements to qualify.
Take The First Step Today!
Don’t be afraid to take the first step towards getting a quick and easy payday loan! Just submit your information to Carolina Payday Loans, Inc. when ready to start the process. Then, keep your phone nearby to wait for the call!
You'll be in good hands once the representative calls you soon after. They’ll guide you through every part of the process, ensuring that you have total peace of mind until it’s completed.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.