Dealing with an emergency is challenging, especially if you're unemployed and need immediate cash. Fortunately, Alabama Title Loans, Inc. offers online payday loans in Alabama that may be available to you even if you're not traditionally employed. Here’s everything you need to know about securing a payday loan in Alabama when employment status is an obstacle.

How Do Payday Loans Work in Alabama for the Unemployed?

Online payday loans in Alabama are managed by direct lenders rather than traditional banks, allowing for faster and more flexible access to funds. These loans offer a quick, straightforward option for people who need immediate cash, even those who don’t have a traditional paycheck.

Understand How Online Payday Loans Work

All direct lenders require that you show proof of income, with most asking for your most recent checking account statement and a paycheck stub. As demonstrated by your checking account statement, the approved payday loan amount depends on how much you earn and your ability to repay. Therefore, your income (whether from traditional employment or another source) is the most significant factor in gaining approval for the loan.

Alternative Sources Of Income

That doesn't necessarily mean a traditional employer must employ you to get online payday loans in Alabama. You can be self-employed, own a business, or freelancer or gig worker. You may also be able to get a payday loan without a job if you have regular income coming in from other sources.

This can include alimony, Social Security or disability, unemployment income, or money from dividends or a trust. The key is that you have a steady income and can prove it with a bank statement, tax documents, or annual forms sent to you for tax filings.

You can also use income coming in from places like PayPal, Square, or other third-party merchant services if it's consistent. The best way to know if you can get online payday loans in Alabama while unemployed is to talk to a direct lender like Alabama Title Loans, Inc. to help you understand the process more.  

The Alabama Payday Loans Process

We have five basic requirements to apply, and you must have them when you meet with our representative to complete the loan:

• Loans range from $100 to $500, and the process requires a few essential documents:
  • A valid driver’s license or photo ID
  • Social security card
  • Recent bank statement
  • Blank check from a checking account in your name
  • Most recent pay stub (or alternative income proof)
• Once these documents are verified, you could have access to the funds within 24 hours or by the next business day.

The checking account must be open and active and list you as an account holder. The blank check must also show that the account is in your name. The reason for the review is that this is how we get a full picture of your financial situation and if you'd be able to repay us on time. 

Frequently Asked Questions About Payday Loans in Alabama

Can I Apply with Bad Credit?

An advantage of using Alabama Title Loans, Inc. is that we work with those with bad or no credit. Having poor credit does not disqualify you from getting a payday with us. We do not perform credit checks or review your credit history for payday loans, and we welcome borrowers from all credit backgrounds to apply.

How Does Repayment Work?

A payday loan is typically repaid with your next paycheck, but you will need to talk with a loan representative about the exact terms of your loan. Payday loans are a short-term option to pay for an unexpected situation. You would typically pay for these situations with your next paycheck but must handle it before.

When Should I Consider Payday Loans?

Those who use payday loans like them for several reasons. They are no-hassle financial help that are easier to get approved for than a bank loan. Additionally, many individuals pursue these loans in times of emergency. Situations could be a co-payment for an emergency dental visit, paying for medication, or fixing a home or car repair.

You could even use it to put gas in your car to get to work until you get paid. They are quick to apply for and to get fast cash. Payday loans don't affect your credit scores and are discreet transactions where you don't have to ask for money from family and friends.

How Can I Apply For The Loan?

Applying for an online payday loan with Alabama Title Loans, Inc is easy. Here’s how the process works:

1. You start by filling out the online inquiry form. This isn't an application but is simply a form showing you would like more information. 
2. A loan representative will call you after you submit the form. They will verify that you have all the required items and answer your questions.
3. You will be directed to bring all the necessary things to the nearest store to complete a formal application. 
4. Our loan representative at the store will guide you through the application process, and you can complete it in as little as 30 minutes.
5. You will have a decision while you wait, and money will be given to you either the same day or the next business day. 

Get Started With An Online Payday Loan Today!

If you’re ready to begin the online payday loan process, fill out our simple inquiry form to connect with an Alabama Title Loans, Inc. representative, who can explain how online payday loans in Alabama work. If you’re stuck with unexpected expenses between paychecks, fill out our online inquiry form to see how easy it is to get the fast money you need!

 

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