Source of Income You need to prove that you have a steady source of income from either your job or business to qualify for a payday loan. Payday loans in the United Kingdom. You usually throw out the big stack of coupons that comes in the mail every week. Typically, payday loans are available to people who have been on the job for at least one month. The idea behind having an active bank account is to facilitate both receipt of the processed amount and also the repayment of the same. Tax time is often a period filled with stress and fear.
What do I need to qualify for a payday loan?
Your credit is crucial for almost every loan. Unless you’re getting a payday loan (which is generally not a good idea) lenders need to review your borrowing history. Make sure they—and you—don’t get any nasty surprises when that happens. Generally, payday lenders require you to have: An active bank, credit union, or prepaid card account Proof or verification of income from a job or other source Valid identification, and be at least 18 years old. A Payday Loan from Money Mart ® is a short-term loan that bridges the gap between paydays. Payday Loans are ideal for emergencies or to cover temporary cash crunches. Payday Loans are ideal for emergencies or to cover temporary cash crunches.
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