Make sure you are able to meet the payday loans’ requirements
It is well-known that one of the reasons of payday loans’ popularity is a minimum of requirements, which are the same for all types of borrowers, including the bad credit borrowers and those customers who don’t have any credit score at all.
However, there are some basic requirements, which should be obligatory met otherwise you won’t be able to get a payday advance online.
If you have decided to get a payday loan from CashAdvanceOnlineUS, you should be ready to meet the main basic requirements listed below:
- Each borrower must be at least 18 years old: according to the legislation, individuals who are under this age can’t become borrowers of payday loans. It refers to all states and lenders providing with the short-term loans. It is the first obligatory condition, moreover, you have to give your passport details and prove your age or give any other evidence showing that you are eligible for payday loans.
- Each borrower must be a citizen or a resident of the country: according to the law, only those customers who can prove their citizenship or residence are able to get payday loans from the direct lenders. This is strictly regulated by the country’s legislation.
- Each borrower must have steady income source: it is preferable to have a permanent job and prove your employment with the paycheck. However, payday loans online are offered not only to employed clients as unemployed customers also have a chance to enjoy payday loans online by providing some evidence of having some alternative source of money, which is not less than $1000 per month.
- Each borrower must have a valid banking account: while filling an application for a payday loan online, you will see a field, which must be filled in with details of your banking account. You must have a valid checking account as the payday loan will be deposited directly into your account. Your banking account plays an important role in the process of getting and repaying your instant loan as according to the withdrawal system an amount of borrowing is going to be withdrawn by your payday loan lender on the due date, which was stated in your loan agreement.
- Each borrower must provide contact information: you should share your contacts like e-mail and valid telephone number in order to keep in touch with the lender. After submitting an application you are going to get the confirmation via e-mail. If you make a mistake while writing your contacts, you can lose an opportunity to get the loan on time.
- Each borrower must share his/her Social Security Number: in case you apply for a loan online, you are required to give the number of your Social Security or Taxpayer Identification Number.
- A borrower mustn’t be a current debtor in a bankruptcy case: there are no chances to be approved in case your current situation may be described as the bankruptcy.
- A borrower can’t be a regular member of Army or Navy: those who are on active duty can’t qualify for the payday loan online as well as their families in case they have only one income source of the individual on active duty to rely on.