approval for payday loan

What Do I Need To Get Approved For A Payday Loan?

Are you looking to get approved for a payday loan? If so, going into the process fully prepared can make the difference between getting closer or farther away from getting approved. To set yourself up for success, you will want to know what you will need to apply so you can better your chances of getting the payday loan you need. Getting approved for a payday loan may not be a sure thing, but you can certainly up your chances with a little preparation.

Preparing for the process we have set up at Carolina Payday Loans, Inc. requires very little on your part, since we’ve made sure to make it simple. That doesn’t mean, however, that even simple things can’t make a big difference. With the following preparation tips in this article, you will be able to come to Carolina Payday Loans, Inc. and get an answer to your payday loan approval status before the day is up!

What You Will Need To Get Approved For A Payday Loan

To the surprise of many, you really don’t need a lot to get through the process with us. There are just three essential documents needed to find out if you qualify for approval for a payday loan. As there are not a lot of documents needed, the ones you do provide are vital to approval determination. The absence of any of the following documents during the process will only slow or completely halt the process. To get approved for a payday loan, you will need the following required items.

person holding up check mark with text What fo I need to get approved for a Payday Loan

A Blank Check From An Active Checking Account

Lenders like us at Carolina Payday Loans, Inc. will need to check your financial situation before we can determine if you qualify to be approved for a payday loan. This means we require that you have an active checking account in your name. If you do not already have a checking account in your name, you will need to open an account with your bank prior to starting the payday loan process with us.

Valid Identification

The next item we require is identification. We need to make sure that you are at least 18 years old. We are not allowed to give a minor any kind of loan, so you need to prove that you are of legal age. This means you have to show us your driver’s license. If you happen to not have a driver’s license, you can use a state-issued ID instead. Just make sure this ID has your information and your photo on it.

Your Pay Stub

The last item we require to see if you can get approved for a payday loan is your most recent pay stub. A payday loan gets its name from the fact that the loan acts as an advancement for your next paycheck. As such, you will need to provide us with a recent pay stub to prove your income. Your pay stub will provide valuable information as to how much you qualify for if you are approved by showing us how much you make.

If you happen to be unemployed and can’t provide us with your most recent pay stub, don’t worry. Not everyone gets a pay stub as proof of income. With the proper paperwork or proof, we can use other sources of income. If your income comes from another source, you will need to reach out to one of our loan representatives to determine acceptable income sources and what documents we accept as proof. 

Make Sure The Documents Are Current

The most important thing to consider when applying is to ensure you have the most current documents you can provide. Doing this small thing can make a major difference in how quick and easy the process is for you. You want to make sure that you know what items you need and that they are all current. Simple issues with your items such as the following can disqualify you right away:

  • Providing an expired driver's license or other chosen form of ID.
  • Providing an old pay stub or unaccepted proof of income.

Can't find where you put your last pay stub but have one from a month ago that you think will do? Instead of guessing, take the time to find out. Why? If you are in a rush for cash you might think it won't matter, but we specifically ask for the most current to assess your employment status and if you can handle the loan repayment with how your finances look currently. If we have old information, it might make things difficult. This is why it pays to make sure you double-check your items.

person researching on laptop Payday loans near me

Once You Are Ready, Begin The Easy Process

Once you have everything you need together and you have checked that what you have is the most up-to-date documents, you can begin the process to find out if you are approved for a payday loan. Again, we here at Carolina Payday Loans, Inc. have an easy and fast payday loan process and a staff of professionals that are ready to help you every step of the way. Carolina Payday Loans, Inc. offers customers:

  • 5-Star customer service
  • Up to $550 in payday loans
  • Fast decision-making

And if you get approved for this loan, you can get the money you require as quickly as the same day or the next bank business day! Plus, as we’ve said throughout this article, the quick cash payday loan process is simple to get through! In fact, you can begin right from our website and then just visit one of our many South Carolina payday loan locations to continue. Here is a quick breakdown of what you should expect:

  • Submit a quick cash online form that will go to your nearest Carolina Payday Loans, Inc. location.
  • Speak to a representative who will call and go over the entire process and what is needed from you, the applicant.
  • Bring the required documents to the store to have an associate review everything and determine your eligibility.
  • If approved, complete the application paperwork and receive your funds!

Get Started Today

Now you know what you need to do to find out if you will be approved for a payday loan at Carolina Payday Loans, Inc. today! As you can see, it doesn’t take long to get everything you need to be prepared, so why wait any longer? You don’t have to handle your emergencies alone any longer. Get started on your application without delay and submit a quick cash online form now to have a representative contact you shortly. 


Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.