Nearly anyone with a steady income can get a Dothan payday loan. No matter what kind of profession you work in, if you can provide adequate proof that you can repay the loan, you have an excellent chance of gaining payday loan eligibility.

In this article, we will go over how to apply for payday loans in Dothan, AL, and what you’ll need to qualify for these fast cash loans. Let’s get started.

What Is A Payday Loan And How Can You Get One In Dothan, AL?

A payday loan is a short-term loan option that helps to bridge the gap between paychecks. Essentially, it is a way to get a cash advance on your paycheck before your pay period. This type of fast cash loans is typically repaid to the lender with your next paycheck. With the help of Alabama Title Loans, Inc. you can get payday loans in Dothan, AL with just a few simple requirements, and proof of income.

To acquire payday loans in Dothan, AL, your payday loan provider will require proof of income. This can be provided with certain forms, but the most common of which is a recent pay stub. 

Paystub

For anyone with an employer, a paystub is made available to you each payday. You will either have access to it in digital form if you opt for paperless direct deposit or in paper form if you get physical checks.

What Does A Paystub Tell Your Payday Loan Provider?

Your Dothan payday loan provider can gather much-needed information from just your paystub alone.

It will inform them of your gross pay as well as your net pay. It will also provide your lender with data such as whether your employer owes you back pay and whether you have your wages garnished for any other prior debts.

Your paystub will also list any bonus income you may receive, average hours worked if you get paid weekly or bi-weekly, your average pay over a given pay period, and your employer information.

Note: Your paystub will supply your lender with a treasure trove of information that they will need to determine how much you qualify for in payday loans. With your payday loan acting as an advancement of your next paycheck, your pay stub is vital to the application process. Be sure to provide your most current pay stub within the past 30 days.

Do You Have Another Source of Income?

Not everyone’s income comes from a 9-to-5 job. If you receive income by other means, you can still apply and get approved for a Dothan payday loan. Other sources of income include, but are not limited to:

• Alimony checks
• Social Security checks
• Disability checks
• Self-employment
• Unemployment funds

Acceptable forms of income proof for a quick cash loan in Dothan will vary depending on your pay source. Payday loan providers also have different policies regarding what is acceptable income. Contacting your lender will aid you in finding out which income sources are accepted and what additional documents are needed to provide proof of said income.

A 30-Day Bank Statement

Depending on your payday loan provider, you may need to provide them with a recent thirty-day bank statement. 

A thirty-day bank statement, in combination with your paystub, will help your lender assess your average monthly income. This will help them determine how steady your income is and if your account is in good standing. They can also get an idea of your outgoing bills and spending habits to determine your ability to repay the loan.

You Have the Required Documents To Show Steady Income. Now What?

Being able to show proof of steady income is one of the most important aspects when it comes to who can get a payday loan. With that said, you will still need to provide additional items to be able to apply for a Dothan payday loan.

Along with your most recent paystub and 30-day bank statement, you will need to present your lender with the following items to complete the short-term loans in Dothan application process.

• Government-issued photo I.D.
• Your Social Security card
• A blank check from an active checking account in your name

If you can provide your lender with all five items, then you are someone who can qualify for a payday loan.

Payday Loan FAQs

How much money can I get with a payday loan?

In the state of Alabama, you could qualify for anywhere from $100 and $500. The amount you are approved for will be determined when you visit one of our Alabama Title Loans, Inc. locations. The amount will be based on the lender underwriting your loan, your income, and your ability to repay. 

How and when do I repay the loan?

Generally, your payday loan will be due when you receive your next paycheck, but loan terms may vary. Please check your loan agreement for the exact terms and conditions of your loan. 

What is the total of the loan including interest rates and fees?

Your loan representative can review all the terms and fees associated with your payday loan before you sign any loan documents. You can also review your loan documents for all terms and fees information, if you have any further questions simply contact your loan office for assistance.

What if I can’t repay my loan?

Alabama Title Loans, Inc. has experienced professionals who can assist you in establishing payment arrangements that are by state regulations, so you can fulfill your payday loan obligations.

Looking For Payday Loans In Dothan, Alabama?

If you weren’t sure whether you are someone who can potentially get a payday loan, you may feel a little more confident now. Thankfully, we can help you find out if you can get approved.

With Alabama Title Loans, Inc., you can apply for a payday loan in Dothan, AL, and get a loan of up to $500. With the required documents mentioned above, you can get your payday loan application started by:

• Submitting an online form or calling the nearest store location to speak to a representative
• After speaking to a representative, bringing the required items to the store for the in-person portion of the application process
• Have a representative verify your documents and determine if you qualify, and for how much
• Finish the application process by completing the simple paperwork and finding out if you are approved
• Get your same-day payday loans money that same day, or by the following business day depending on the time of day you apply!

With Alabama Title Loans, Inc., you will find out your approval status for your quick cash loan in Dothan in as little as 30 minutes from when you start the in-person portion of the application.

Apply Today!

Need a cash advance payday loan to handle a cash emergency before payday rolls around. Let Alabama Title Loans, Inc. offer you cash advances loan services that can help! 

Submit the online form today with Alabama Title Loans, Inc. to find out for sure if you are someone who can get a Dothan payday loan! Our loan representatives are waiting to assist you 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.