What Is Required to Qualify for a Payday Loan?

Short on cash? No problem. A payday loan can get you the funds you need to tide you over until your next paycheck. Here’s what it takes to qualify for Palm Coast payday loans.

Valid ID

If you need a cash advance in Palm Coast, Florida, you must be 18 years or older. A valid ID, such as a driver’s license or passport, is all you need to prove that you’re an adult. Some states require you to be as old as 21, but in Florida, you can get a loan as long as you’re 18.

Checking Account

To receive your loan, you’ll usually need a checking account. Most often, you’ll write a post-dated check for the loan amount, plus the lending fee. When the loan comes due, you can either repay the loan or have the lender cash your check.

Source of Income

Lenders will need to verify that you have a job so they know you have income to repay the loan. A recent pay stub or bank statement can prove that you’re employed. Your bank statement can likewise confirm that you have the funds to cover the loan, plus any associated fees.

Completed Application for Palm Coast Payday Loans

Your lender will likely ask you to complete an application for your loan. Applications can vary between lenders, but you can expect to provide your personal information, information about your job, and some personal references.

Get Approved for a Payday Loan in Minutes

Once your application is complete, you can receive approval for your Palm Coast payday loan within minutes. The terms of your loan are up to your lender. Make sure that you understand your deadline, payment fees, and any late penalties that may apply. 

With your influx of cash, you can pay your bills and keep yourself covered until payday arrives.