checklist for payday loan

The 7-Step Checklist To Get A Quick Payday Loan

Whether you need to cover an unexpected medical bill or take an emergency trip for a wedding, a payday loan can help. A payday loan is a type of loan that is provided for a short time and can be received quickly.

You can use the cash for your emergency expenses. Once approved, the loan times vary, but it typically will be due on or around the next payday. 

Almost anyone can qualify for a quick payday loan. The process is super quick and easy. Follow the seven steps outlined in this checklist to get ready to apply for a quick payday loan.

The Payday Loan Process

1. Assess Your Need And If A Payday Loan Is The Right Option

First, you must consider how much money you already have and how short you are to cover a certain need. It is very important to be realistic when you establish your financial goal, even if the goal is temporary. 

Is the money you're thinking of borrowing needed for a real emergency or is it just for some fun that you'd rather not wait to do after payday? When you look at your situation realistically, you will be able to set realistic and achievable goals. If your situation is urgent and will get worse if you do not address it, if you won’t be able to take care of it before your next paycheck, and if it’s something that can be resolved with a loan of $100-$500, then a payday loan may be just the solution!


2. Fill Out The Online Form

Once you've thought about your finances and figured out the amount of money you need to borrow, you can go ahead and start filling out an online form. 

The online form is the first step in the process to apply for a quick payday loan. On this form, you will provide your basic information. 

Since this is a payday type of loan, you do not have to have a vehicle to get approved. All you need is the required documents listed below. Please keep in mind, you do have to have a job or at least some form of income to apply. 

3. Phone Call

Wait for a phone call from a representative to continue the process. 

After your information is received at the location nearest you, a friendly representative will be giving you a phone call shortly. This phone call will be to go over your information quickly and schedule a time for the next step. 

The representative will schedule a time for you to meet in person at a location near you to verify your documents and get you approved for a quick payday loan. 

4. Prepare The Required Documents

The next thing you will want to do is make sure that you have the required documents for your in-person meeting with a representative. Please make sure that you come prepared so that the process is not delayed. 

Please bring these documents with you: your government-issued photo identification, your social security card, your recent bank statement, and your recent paystub, as well as one blank check. 

These documents must all be in your legal name. The checking account and a blank check have to be in your legal name, otherwise, your application won't be able to process. It has to be your account solely or you as one of the owners of the account. 

For example, married couples often have the same checking account, and both of their names are recorded in the bank statements and checks.


5. In-Person Verification Process

Show up on time for the in-person verification process. When you arrive, a representative will verify all your documents to make sure they are valid and accurate. 

6. Final Steps

After verifying your documents, a representative will help you with the final steps of the approval process. You will likely fill out some more simple paperwork and learn the terms of your agreement. 

Please take your time to make sure you understand the terms. 

7. Receive Your Cash

After you complete all the steps and get approved, you'll receive your cash that same day or possibly on the next day. 

Get Your Quick Payday Loan With Alabama Title Loans, Inc. Today!

Whatever your financial needs are that led you to research this option today, take your time to think about each of the steps in this checklist. Decide if a quick payday loan is right for you.

If you're ready, you can go ahead and apply for your payday loan with us at Alabama Title Loans, Inc. now. Simply complete the brief online form and wait for a representative to call you with the next steps.

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

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.