Payday Loan Application Requirements For Newly Employed Applicants
There are only a few things you need to apply for a payday loan from Carolina Payday Loans, Inc., even if you’re a newly employed applicant. Plus, you can rest assured that the application process is quick and easy for all applicants, too!
This quick guide will walk you through each of those requirements such as, your driver's license, active checking account, and your latest paystub in detail, so you know what to prepare for your application. Then, you’ll also discover the steps you’ll take once you’re able to meet those simple requirements.
Let’s get started!
What Are The Requirements For A Payday Loan Application?
There are many benefits you can expect from getting one of these loans. One of the most important ones is that there are such few requirements that you’ll have to worry about!
Here are the 3 requirements for a payday loan application for newly employed applicants:
- Driver’s License
You must provide valid identification to apply for one of these loans. Your driver’s license is a perfect example, and it’ll do just fine for this purpose.
Alternatively, you can also provide another state-issued ID if you don’t have your driver’s license for whatever reason. Providing valid ID is important to verify your name, age, as well as the other documents that you provide with your application.
- Active Checking Account
Aside from providing a valid ID, you must also have your own checking account. More specifically, that account must be active and registered in your name.
The checking account is a necessary part of your application because you’ll be using it for the transactions involved with the loan. As such, you’ll need to provide a blank check from that account to complete your payday loan application.
- Latest Pay Stub
Last but not least, you’ll need to provide your most recent pay stub. This requirement will help the representative ensure that you qualify for such a loan, and it’ll help them determine how much you qualify to borrow.
Remember: you could qualify for anywhere between $100 and $550 when you apply for a payday loan.
Can You Apply For A Payday Loan With Bad Credit?
You might have noticed that having perfect credit isn’t on the short list of requirements above. That’s because it’s not required! That’s right! You can still qualify and apply even if your credit is bad! The same is also true if you have a history of bounced checks, charge-offs, a discharged bankruptcy, or other credit issues in your past.
As long as you can meet the requirements mentioned earlier, you can continue with your payday loan application. Then, the application will go through the same considerations as anyone else’s.
Who Can I Turn To If I Have Questions?
Your number one resource when going through the application process is the sales representative helping you. Their job is to support you through your application, so they’ll be more than happy to address any questions or concerns you might have. Don’t be afraid to ask them!
How Do You Get Started?
Now that you know what’s required, it’s time to look at the steps you’ll go through to apply for one of these loans.
The first step is for you to fill out and submit the quick cash online form with your details. Once you do that, your information will go straight to a representative at a nearby store location.
Here are the 3 things you can expect after that:
- The Call
Soon after the representative receives your information, they’ll call your number to speak with you directly. The purpose of that call is to understand your financial needs and explain the application process to you. The representative will remind you of the requirements and then set an appointment to meet you face-to-face.
- The Meeting
Next, you’ll bring the required documents to meet your representative in person. They’ll verify your information and help you finalize your application with some simple paperwork.
Don’t worry, though! This part of the process can take as little as a half-hour to complete. Then, you can go about your day without much disruption.
- The Payout
Finally, if your application is approved, you can expect a quick payout. That part of the process could happen on the very same day as your application!
If not, you could also get paid by the next business day. That will depend on what time your application was completed and approved.
Get Started Now!
Congratulations! You now know the requirements for a payday loan and what the application process looks like. Get started now with Carolina Payday Loans, Inc. just by submitting the online form.
While waiting for the representative’s call, be sure to prepare the required documents. That’ll help you save some time and ensure you’re ready to complete your application!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.