We all have
unexpected financial emergencies from time to time. It is normal to suddenly
find there is not enough money to cover an urgent expense. Payday loans can be
considered as an option during these times.
Anyone can apply
for a short term payday loan; many of the lenders do not run credit checks. The
nature of these loans is that they are short term advances of cash that will be
repaid upon the borrower's next wage day. They are particularly useful for
those whose credit score is not perfect but who have an urgent need for cash.
Whatever the
emergency you are facing - car repairs or an unexpected bill - one option for
you is to consider a short term payday loan.
Here
are the requirements most short term payday lenders look for from a borrow
application:
•
Proof of your income
- To be eligible for a loan you must be able to prove you have a regular income
going into the bank. The lender will also need to verify your bank account,
making sure it is active.
•
Proof of your employment
- You must be an employed person and have details of your employment to confirm
this.
•
Proof of your age
- Lenders must be 18 years or over to be able to apply for a short term cash
advance. The lender will advise you on the type of id you may need to provide.
Usually the application process includes your date of birth too.
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