loans for retired seniors

How To Apply For Payday Advance Loans For Retired Seniors

Loans for retired seniors are not easy to come by. Most banks wouldn’t lend to those with no employment or limited employment. However, this doesn't mean that there’s no way out. Some of the available options include applying for payday advance loans. Let us tell you a little bit about how they work.

Can You Apply For a Payday Advance Loan If You Are Retired?

We know that the term 'payday advance' sort of implies that you need to be employed to borrow cash. In most cases, you do. However, if you are a retired senior, you may still be able to borrow cash, even if you are unemployed.

Alabama Title Loans, Inc. accommodates all types of income, and if yours comes from social security or pension, then online payday advance loans in Alabama for retired seniors could be an option.

If you are retired but have a part-time employment income, then you can mention to the store. Of course, there is still no guarantee that you will be approved. There are other factors that will influence whether you can borrow cash. However, with a stable income, you’ve got all the chances to get a yes.

What Do You Need To Get Payday Advance Loans?

Here’s a list of documents you will need:

  • Your government-issued photo ID or driver's license
  • Your latest pay stub (or proof of income)
  • A statement that shows the last 30-days of transactions on your checking account
  • Social security card
  • A blank check from your checking account

This means that loans for retired seniors will often require nothing more than standard documents that you will have close by anyway. You won't have to jump through bureaucratic hoops to grab years of paystubs or bank statements.

checking documents for payday loans for retired seniors

How Does The Payday Loan Application Process Work?

Alabama Title Loans, Inc. understands that those looking for loans for retired seniors often need cash quickly. They do not want to spend ages going through the inquiry and application process. Therefore, our borrowing process was designed to be fast and efficient. In fact, the application process can be wrapped up in under 30-minutes! Let's see how it works.

1. Let Us Know You Want A Payday Advance

You can do this in a couple of ways. The easiest way is to fill in the inquiry form on this site. You can also give us a call if you prefer. This starts the inquiry process which, ultimately, will lead you onto your application.

2. Wait For A Phone Call

Not too long after you fill in that form, one of the staff members from the nearest Alabama Title Loans, Inc. location will give you a call. They will explain to you what payday advances entail and tell you the documents that you need to provide. If you have any questions, feel free to ask.

They will also tell you where your nearest Alabama Title Loans, Inc. location is. This is going to be your next destination.

3. Head To Your Borrowing Location

Make sure you bring all required documents along. You will be reminded of these documents on the phone call.

At the borrowing location, you will fill out the actual application for the payday advance. We will check over your documents here. We will also determine how much you qualify for (between $100 and $500).

4. Sign Your Loan Agreement

If we can lend you cash, you will have the process explained to you. You can then sign your loan agreement.

5. Wait For Your Cash

The funds will be available to you either on the same or the next day at the latest.

Why We Are An Option For Those That Need a Payday Advance

Even the best-planned retirements can throw a bit of a curveball. Not all retirees will have instant access to their retirement funds. This means that if they need cash quickly, they may have to look into other borrowing options. The Alabama Title Loans, Inc. team wants this process to be as quick and efficient as possible.

We have already told you how fast we can issue payday advances. In most cases, people can receive cash on the same day. However, this is not the only advantage of a payday advance.

This is short-term borrowing. This means that you will only be borrowing cash until your next paycheck. Unlike traditional bank loans, you will not be saddling yourself with large amounts of debt that take years to pay back. You are borrowing the cash that you need and only the cash that you need. This can make it easier to take charge of your finances.

All credit situations can be considered with one of our payday advances too. So, don't worry if you have had credit issues in the past. You still have chances to get approved for a payday advance.

approved for a payday advance loan

Retired? Need An Emergency Loan Today? Call Us Today!

Applying for loans for retired seniors is easier than you may think. Alabama Title Loans, Inc. can loan up to $500 with cash advance loans. The bulk of the initial inquiry process is completed online and over the telephone. A brief meeting in person is where the application is formally made. Retired seniors could receive cash within just a few hours. If you need to borrow cash to cover an emergency, then fill out our payday loan inquiry form today to get started.

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


Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.