Whenever an emergency strikes, a payday advance is an option to consider. As with any other type of loan, there are some requirements for a payday advance that you need to know before applying.

Here at Alabama Title Loans, Inc., there are only five requirements for a payday advance. To learn what these requirements are, keep reading.

5 Requirements For A Payday Advance

1. Government-Issued Photo ID

No matter what type of loan you apply for, you need a government-issued ID. This ID confirms that you are who you say you are and that you are of legal age to obtain a loan. If you do not have a government-issued photo ID, you can visit your local DMV for a driver ID, non-driver ID, or passport.

If you do not get a government-issued photo ID, you will not be able to get a payday advance, or nearly any other type of loan either. So, make sure you have a government-issued photo ID to kickstart the process.

2. Social Security Card

To further confirm your identity, you need a Social Security card. The Social Security card further ensures that you are who you say you are. Social Security cards are also required to get jobs. Given that a payday loan is dependent on employment, it makes sense that a Social Security card is required.

If you do not have a Social Security card, you can request a replacement through the Social Security Administration. You can request a replacement Social Security card online in most states, including Alabama. You will need your driver’s license or a government-issued card to request a replacement.

3. Most Recent Paystub

To be eligible for cash advance loans in Alabama, you must have some form of employment. Prove employment with your most recent pay stub. This pay stub proves that you are recently employed. It is also used to determine how much you can be loaned.

4. Blank Check From An Active Checking Account In Your Name

In order to pay the payday loan back, you must provide a blank check from an active checking account in your name. This blank check is used to get your banking information for the payment process. The check provided will be the same blank check you give to an employer when you first start working.

5. Most Recent 30-Day Bank Statement From Checking Account In Your Name

Finally, the last thing you need is your most recent 30-day bank statement from the checking account in your name. You can get this bank statement from your bank directly if you still have paper statements, but you can also download a digital copy from most online accounts. You can contact your bank to find out how to get ahold of your bank statements. It shouldn’t be too difficult.

The Payday Loan Process

If you meet the requirements for a payday advance, you might be curious about the approval process. The payday loan process varies from site to site. At Alabama Title Loans, Inc., there are only five steps in our simple payday loan process:

1. Fill Out Online Form

Begin by filling out our online form. This form will connect you to a representative so that you can set up an appointment and get the ball rolling for applying for online payday loans in Alabama.

2. Wait For A Representative To Call You

Shortly after filling out the online form, a representative from the nearest location will call you. During this phone call, you will set up a meeting at one of our physical locations to apply for a payday loan. The representative will remind you of everything you need to bring to the meeting.

3. Attend The Meeting

Attend the appointment at the scheduled time and day. Don’t forget to bring all of the requirements for a payday advance to the meeting.

4. Apply For A Payday Loan

At the meeting, you will finally apply for your payday loan. The representative you are meeting with will walk you through all of the paperwork, forms, and anything else you need to know for the application process. The final steps of the approval process are quick, allowing you to get the money you need in as little as 30 minutes.

5. Leave With The Cash You Need

If you are approved for a payday loan, you can leave with the cash you need that very same day.

Get Started Today

The five requirements needed to apply for a payday loan include a government-issued ID, Social Security card, most recent pay stub, blank check from an active checking account in your name, and a 30-day bank statement from the banking account.

If you meet the requirements for a payday advance, you can begin the process of applying for a payday loan by filling out our online form today!

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