8 Best Tips for Getting A Payday Loan (And What to Never Do!)

May 20, 2021 | Mason Roberts

Old man teaching how to get a payday loan

Do you know how to get a payday loan? Most people don't. In fact, out of the two million consumers who get a payday loan every year, many of them are first-time customers who had no idea what they were doing at first. To make it simpler, here is what to do and what not to do when it comes to getting fast funding like this.

Tips to Help You Get a Payday Loan

Here's how to get a payday loan the right way.

1. Know Your Financial Profile.

Try to figure out where you stand. That way, you'll know exactly how much cash you need to make ends meet each week. If you're unaware of your circumstances, some lenders might take advantage of that. Worst of all, you might pass up a golden opportunity to fix your finances once and for all.

2. Make a Budget to Track Your Spending.

Determine the amount you spend on unnecessary things each month. Those few extra dollars could go a long way towards solving common money emergencies. And if you know how much you spend, then find ways to cut back, you might find that there's more cash in the stash than you realized.

3. Spend Less Than You Make.

Your income only goes so far. Therefore, if you spend too much each week then you won't have enough by the end of the month. Just because you have the money doesn't mean you need to buy something. Take care of your largest obligations first, and that will reveal the true problems in your financial profile.

4. Keep Your Pay Stubs from Work.

You never know when you might need to prove your income, especially if you're looking for a good payday loan in your neighborhood. Even traditional banks and some landlords require pay stubs from your current job. So, stop throwing them away because you're going to need them soon.

5. Open a Checking Account in Your Name.

For most things in the adult world, you need an open and active checking account in your own name. Getting a payday loan is no exception. Lenders require an active checking account as it lets them pull funds from it in case the borrower defaults on the loan.

6. Make Sure Your Driver's License Is Updated.

At some point, you'll have to prove who you are. Whether getting a payday loan or simply buying something at the store, an updated piece of identification is almost always necessary. So, go to the DMV ahead of time if you can. And if you don't have a driver's license, apply for a government-issued photo ID instead.

7. Submit Your Payday Loan Application Online

If possible, apply for a payday loan through an online portal or over the phone to help simplify and expedite the process. It's usually pretty easy to get approved but going directly to the office may slow things down in many cases. So, gather the information you need and then hop on the internet to use modern technology to your advantage.

8. Get Prepared Ahead of Time.

Have everything ready to go when the time comes. That way, it won't take as long to get your application approved, and you'll receive cash in your bank account sooner. If you need more information about what's required, call ahead to speak to an agent.

NOTE: You must be at least 18 years old to qualify for a payday loan in the state of Kentucky.

What NOT to Do When You Get a Payday Loan

Here's what NOT to do when you get Kentucky payday loans:

  • Don't forget to discuss repayment options to find something that fits your budget.
  • Don't make your payments late so you can qualify for future loans.
  • Don’t use your payday loan for frivolous purchases.
  • Don't go anywhere else besides Fast Payday Loans of Kentucky, LLC.

How to Get a Payday Loan in Kentucky Today

Get a payday loan worth up to $500 when applying with Fast Payday Loans of Kentucky, LLC. This is all you need to do.

Cowgirl applying online for a payday loan in KY

1. Fill Out the Inquiry Form

Find the short intake form on our website, fill it out with basic information about yourself and your vehicle and submit it. An agent will contact you within a few minutes to confirm your information and set up an appointment with a verification agent for the rest.

2. Provide the Required Items to the Agent.

Here is what the payday loan agent will ask to see when qualifying your contract:

  • Your most recent pay stub from work
  • A blank check from an active checking account in your name
  • Your driver's license or government-issued photo ID

3. Sign the Loan Documents and Get Your Cash

After reviewing your paperwork, the agent will determine the amount you’re eligible to get and go through the repayment options with you. If everything seems to your satisfaction, sign a few more documents and get your money.

Submit Your Payday Loan Inquiry Today!

Make the most of your time and money by getting a payday loan with flexible terms. All you need to get started is to fill out and submit the online form – and our friendly loan specialists will help you with the rest. So, what are you waiting for? Get started today!