Applying payday loan is quite simple. Even you have a bad credit rating, you still can get the loan since they usually do not run any credit checks. All payday loan companies have minimal requirements applicants must meet to get the loan.
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Although these requirements can be varied for every loan company depending on their regulation and the state where they originate. Usually, a payday loan company only serves local life in their state or around. So before you apply for a loan please note what country or state can be serviced by the company. Besides, the other general requirements are:
The applicant is 18 years old or older
Applicant must be currently employed
Have a current job for at least 3 -12 consecutive months.
Take home a minimum of $800.00 monthly.
Have an active bank account
Have a valid checking account open for at least 3 months.
The applicant doesn’t have outstanding loans pending or unpaid checks.
Each payday loan company has different regulations for minimum income that has been earned and minimum working time in the company. So, before you fill out the application for a payday loan in a company, please see the requirement of the company first since it would be much better if you only apply for one payday loan at a time. So make sure that you are qualified to get the loan.
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