If you are newly employed and need a payday loan, you can easily come to see us at Alabama Title Loans, Inc. for help! The good thing is you don’t have to meet a long list of requirements to see if you can qualify for approval. We only require you to bring in certain easy items for us to assess. Read through this quick guide to find out more about each required item.

What Do You Need To Get A Payday Loan?

As we said above, the requirements to get a payday loan are quite straightforward, even if you’re newly employed. We don’t require you to bring in too many complicated items because we want to let you know quickly if you qualify for approval. Below you’ll discover that the required items are easy to get, and you likely already have them near you. Here are the five items you’ll need to find out if you can get a payday loan with us:

1. Pay Stub

The first item you’ll need to get a payday loan is your most recent pay stub. This will act as your proof of income and how we know if you can repay us on time. The representative you work with to get the loan will evaluate your pay stub and several other factors to determine whether or not you qualify for the loan and how much money we can lend to you, which can be between $100 to $500. 

2. Government-Issued Photo ID

Next, you’ll also need a government-issued photo ID or a driver’s license. This item is necessary to verify your information, such as your name and overall identity. To get any kind of loan from us – or anywhere – you will legally need to at least 18 years of age because a minor can’t sign off on this type of loan. This is why we need an ID with your photo.

3. Social Security Card

Another important document you’ll need to get one of these loans is your Social Security Card. This card also helps to verify your name and social security number. Make sure your social security is a valid card that you can use when you come see us. It must be your social security number and not someone else’s social security number.

4. Bank Statement

A bank statement is also necessary for this process because it gives us a full picture of your financial situation. More specifically, it must be your latest 30-day statement for your checking account. This means if you don’t have an active checking account in your name, you won’t be able to come see us at Alabama Title Loans, Inc. to get this kind of loan.

5. Blank Check

Lastly, you must provide a blank check from an active checking account in your name to meet the requirements for a payday loan. Again, we need to get a full picture of your current financial situation, which means we have to get a look into your checking account. If you do not currently have an active checking account, you will have to open one before you can get this loan.

Frequently Asked Questions About Payday Loans

Now that you know what items you’ll need to find out if you can get this loan, there are certain questions you are probably asking. These are a few of our frequently asked questions – that you can find on our FAQ page on our website – that we’ve gotten from customers in the past. Knowing the answers to these questions really helps you get a full understanding of just how this loan works.

1. Can You Get A Payday Loan With Bad Credit?

You can still get a payday loan even with bad credit. Good and bad credit are welcome because you do not need perfect credit to get one of these loans. Just ensure that you can meet the requirements for the loan and bring all the required items. If you can do that, you’ll go through the same process to get a payday loan.

2. How Do I Find A Store Location Near Me?

Suppose you’re looking for a store location to contact directly. In that case, you can use the store locator on the website to see a complete list of all available locations. Find the one closest to you and gather the contact information. You’ll find their phone number and address under the store’s name. Alternatively, you can complete the online form and have the nearest store find you!

3. How Do You Get Started With A Payday Loan?

Like the requirements you saw above, the process you’ll go through is also straightforward. And we here at Alabama Title Loans, Inc. are here to help you get through every step as easily and quickly as possible. In fact, once we meet in person, you can get through the process in around 30 minutes. Here’s what that process will look like for you:

• Submit your information: You can start the process anytime by completing the online form on our website. We ask you include your name, phone number, and ZIP code. Soon after that, a representative will receive that information and prepare to call you.
• Wait for the call: Keep your phone nearby so you can catch the representative’s call as soon as it comes in. They’ll use that call to brief you on getting a payday loan, set up a meeting for you, and answer any questions you might have along the way.
• Meet the representative: The next step is to meet the representative at the nearest store location with the required items. They’ll take a few moments to go through everything and verify your information. They will then let you know if you are approved.
• Get your money: If you’re approved and you agree with the loan terms and with how much we can lend to you, you’ll just have to wait a while to get your money. In fact, you could get paid as early as the same day or by the next bank business day at the latest.

4. If I Get A Loan, When Do I Repay It?

A payday loan is due by the time you receive your next paycheck. This usually means two weeks from when you get the payday loan is when you would repay because that is usually when people receive their next paycheck from work. However, you should always refer to your loan agreement as the primary source of information about your loan’s terms and conditions.

Get Started Today!

As you can see, coming to Alabama Title Loans, Inc. and making sure you can meet the requirements for a payday loan is easy! All you have to do is make sure you have the correct required items and we will make sure to assess them quickly and give you a response. So, if you are dealing with emergency expenses and need help, don’t hesitate to fill out the online form to begin the process now!

 

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