A regular concern you might have when getting payday loans from us at Alabama Title Loans, Inc. might be that we will have to check your credit score before we can make any decisions. Maybe you have bad credit and are worried that this will keep you from getting payday loans. The good thing is we allow you to come in even if you have poor credit! Your credit does not have to stop you from getting this loan at all. Keep reading to learn what role your credit score plays here.

Will My Credit Score Get In The Way Of My Payday Loan?

As we said above, having bad credit will not get in your way of getting this payday loan. Your ability to qualify for a payday loan depends on many different factors, and your credit score isn’t one of them. You see, to get payday loans, we look at your finances and your ability to repay the loan on time. This means we won’t take your credit into consideration. As long as you are able to show us the required items, we will be able to let you know if you qualify for this loan – even if you have poor credit.

 What Are The Requirements Needed For This Loan?

So, if a perfect credit score is not required, what is? Well, just like with any loan, we have certain items you must show us before we can determine if you qualify for approval. But the good thing about our payday loan is we don’t require too many items. And among the items we do need to see, again, you’ll notice that none of them have to do with your credit score. Instead, you only need to show us the following items:

• Minimum age: Firstly, you must be at least 18 years old. This means you must be able to provide your driver’s license or a valid state-issued photo ID.
• Social Security: A valid Social Security card is also needed to find out if you can qualify for a payday loan here in Alabama.
• Bank Statement: Be sure to provide your 30-day bank statement from an active checking account in your name.
• Proof of income: Your ability to repay the loan matters, so you must provide proof of income in the form of your most recent pay stub.
• Blank check: Lastly, you must also provide a blank check from an active checking account registered in your name.

If I Default On A Loan, Will It Be Reported To Credit Agencies?

You also don’t have to worry about any defaults or other issues being reported to credit agencies if you get approved for payday loans here. In fact, we will not report your payday loan to any major credit bureaus at all if you are approved. This means your loan will not impact your credit directly. If you continue to have any concerns about your payday loan and your credit score, the best thing you can do is speak to one of our representatives for advice on how to proceed.

How Do I Get A Payday Loan?

Now that your credit concerns are answered and out of the way, it’s time to talk about how you can find out if you can get a payday loan as quickly as possible. The good thing is, as we’ve said, our process is simple and quick for anyone to get through. As long as you have the required items, you can get through the process and find out if you qualify for approval with no issues. Here are the steps you’ll go through to get a payday loan:

1. Submit Your Information: Kickstart your payday loan process at any time of the day by submitting your information through the online form on our website. Doing that will pass your details over to a representative at the nearest store location. While this isn’t the official loan application, it will allow us to get you into our system.
2. Wait For A Call: Soon after you submit your form, you’ll get a call from one of our friendly representatives. They’ll call to brief you on the process of getting a payday loan as well as its requirements. You can also use the call as an opportunity to address your concerns about credit or anything else. Then, the representative will arrange a convenient time to meet them in person with the required items.
3. Meet A Representative: Next, meet the representative at the agreed-upon time with the necessary items. This part of the process can take as little as 30 minutes to complete. The representative will verify your documents. After a few moments, they’ll also determine whether or not you qualify for a payday loan and, if so, how much of the maximum $500 you qualify to borrow.
4. Complete The Process: Finally, the representative will let you know if you are approved. If you are, they will help you complete the process with some simple paperwork. Remember, the representative is there to help you proceed with total peace of mind. They’ll be happy to answer any questions or concerns you have.
5. Receive Your Money: Once you are done signing the paperwork, you can expect to receive your money as early as the same day or by the next business day. The exact timing will depend on what time you completed the process and got approved. So, the sooner you begin this process, the quicker you could get your payday loan!

Get Your Payday Loan Now!

As you can see, there’s no reason to worry about your credit score because you can still get a loan even if you have bad credit. Just focus on getting the required items together and we can make sure you get through the process so we can make a decision. You can trust that we here at Alabama Title Loans, Inc. will do our best to let you know if you can get the payday loan you need. So, reach out to us anytime by submitting the online form whenever you’re ready to start the process!

 

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