how to get a loan with a new job

How Soon Can I Get A Loan With A New Job?

If you have recently switched jobs, you may find that it’s difficult to get a traditional loan with the new job since you have been employed for a short amount of time. However, emergencies and unforeseen expenses don’t wait for you to have a stable career and income source. So, it’s important to know alternative options to traditional banks that you can use to get a loan with a new job.

We put together this guide to show you how soon you can qualify for a loan with a new job and what you will need to get a payday loan in South Carolina.

How Soon Can I Get A Loan With New Job?

How soon you can get a loan with new job depends on the loan type you are considering.

Certain loan types don’t require any employment. This means that you can apply for these loans as soon as you want. Unfortunately, there will be other requirements needed in order to get these loan types. For example, you may need a lien-free title in your name or a form of collateral.

Other loan types are more difficult to get if you have recently switched jobs. A mortgage or a bank loan, for example, requires months of job stability or a written letter proving that you have recently accepted the position and how much you will be making.

Luckily, there is a type of loan that can help you get the money you need quickly, even if you have just started a new job: South Carolina payday loans. When qualifying for payday loans, it doesn’t matter if you have been employed for a short period of time.

How Soon Can I Get A Payday Loan With New Job?

A payday loan is one of the quick loan types if you need money on short notice, but you have recently started a new job. That’s because payday loans don’t require months of employment history like bank loans, but they don’t require collateral either.

Instead, you only need to have had a job for long enough to receive your first pay stub. As long as you have one pay stub, you are able to submit a form for a payday loan at Carolina Payday Loans, Inc.

Though your exact pay period is based on your company, most people receive their first pay stub about two weeks after starting a new position.

Because you only need one pay stub to have a chance at qualifying for a payday loan, this loan type can be an option if you need money fast and have only recently started a job.

sc payday loan

What Do I Need To Get A Payday Loan?

Not only can you get a payday loan with new job, but there are only a few requirements in order to qualify for this loan type.

Most importantly, you will need your most recent pay stub. This pay stub proves that you have some form of income and can pay back the payday loan by your next payday. Remember, you only need one.

Next, you will need your driver’s license or a government-issued ID. These items are used to confirm your identity. No matter what type of loan you’ll qualify for, you will need some form of identification.

The last thing you need to qualify for a payday loan is a blank check from your active checking account. The checking account must be in your name. This blank check allows the money to be deposited directly into your account.

How To Qualify For A Payday Loan

If you have all three of the items above, you have a chance to qualify for a payday loan. Most likely, you have a government-issued ID and a blank check from your active checking account. Your most recent pay stub may be the one uncertain item. If you don’t have it yet, all you need to do is wait until your employer distributes your first paycheck.

Once that happens, this is what you will need to do to qualify for a payday loan from Carolina Payday Loans, Inc.:

  1. Fill out and submit the online payday loan form.
  2. Receive a call from one of our representatives shortly after, they will set up an appointment during this phone call at the nearest location and answer all of your questions.
  3. Arrive at our location to have your documents evaluated to establish whether you qualify.
  4. If you are qualified, you can finalize the application process.
  5. Get the money you need on the same day or the following business day.

qualifying for payday loans

Qualify For A Payday Loan Today!

Whether you’ve had a job for a year or only two weeks, you can get a payday loan with a new job through Carolina Payday Loans, Inc. To get started, simply fill out the online form and we will give you a quick call so that you can get the money you need as soon as possible.

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

Mason Roberts

Mason Roberts is a seasoned economics writer and blogger with a knack for breaking down and simply communicating the ever-changing world of finance. He is philosophically committed to the premise that financial knowledge equals financial freedom.