Tips And Advice For Your Payday Loan Application
December 3, 2021 | Louis Tully
If there’s a loan application that doesn’t involve a lot of paperwork, then it’s definitely a payday loan application. Payday loans are well-known for having a comparatively easy application process. They’re accessible, quick, and comfortable – especially compared to bank loans. But that doesn’t mean there can’t be any hiccups along the way.
This is why it’s good to keep some tips in mind before you choose the lender and start your payday loan application process.
Tips For Filling Out A Payday Loan Application
1. Research The Lender
Don’t run to the first lender you’ll find on google. Even if you’re on a very short deadline and need money ASAP, Kentucky payday loans are quick enough for you to allow yourself at least a few hours to do research.
Check the testimonials for lenders in your area, read over their websites – the more information the lender provides on their website, and the more transparent they are, the higher the chances they’re trustworthy to work with and pay attention to how complicated their application process looks.
2. Know What The Qualifying Requirements Are
There’s no such thing as universal requirements list when it comes to payday loans. Though certain core items you’re bound to find on all of them. Even if you’re just exploring your options and have yet to decide which lender you’ll be working with, you’ll be safe to assume that you’ll need a state-issued identifying document to prove you’re over 18 years old, a type of proof of income, and an active checking account in your name (to receive the cash if for nothing else).
3. Be Truthful
The amount of money you make will have a direct influence over the maximum loan amount you can get approved for. As such, you may be tempted to lie on your payday loan application to increase your chances to qualify for the maximum loan amount.
Don’t do that.
First of all, you will need to provide proof of income, which will expose your lie soon enough. Second of all, the maximum loan amount isn’t determined out of malice. Nobody wants to short-charge you. It’s in direct relation to how much you can comfortably repay.
Even if your lie somehow goes unnoticed, you’re likely to have trouble paying off the loan down the line if you borrow under false assumptions. Be truthful during your application and the loan representative may even be able to help you increase your loan amount (for example, allow you to provide proof of supplemental income).
4. Get The Qualifying Items In Order Before Putting In Your Payday Loan Application
Your payday loan application will go significantly quicker if you already have the required items in order before you apply.
Here’s what you’ll need, if you decide to work with Fast Payday Loans of Kentucky, LLC.
- A state-issued ID or driver’s license to verify your legal age;
- Your most recent pay stub as proof of income;
- A blank check from an active checking account in your name.
5. If There’s Something You Don’t Understand – Ask
The loan representative isn’t just there to take charge of your process. They’re there to help you along, and ensure you understand what’s going on. If there’s anything about the payday loan application process you find confusing and need additional clarification – simply ask. It will help avoid any confusion and complicate matters down the line if you have a clear understanding of what’s going on during each step of the process.
6. Don’t Over-Borrow
Last but not least, do remember that qualifying for the maximum loan amount doesn’t oblige you to borrow the maximum loan amount. If your payday loan application is successful, keep yourself in check and only take as much money as you need – no more. Remember, you’re the one who’ll be paying it back down the line. You don’t want to pay more than strictly necessary.
How To Get A Payday Loan
All it takes to kick off your payday loan application is to fill out and submit a quick cash online form on our website. The form will send your information to your preferred store location, and as soon as it’s processed, the loan representative will give you a call.
The loan representative will make sure you’ve got all the necessary information about the process, answer any questions you may have, and arrange a meeting with you at the store.
You will need to take the state-issued ID/driver’s license, your most recent pay stub, and a blank check from an active checking account in your name. The representative will examine your documents and determine if you qualify for the loan (and what the terms should be). If they approve you, they will help you finish the final paperwork then and there. You’ll receive the cash soon after.
Get Your Payday Loan Today!
If you’re looking for a payday loan application that won’t take you much time to fill out, go to the Main Page of Fast Payday Loans of Kentucky, LLC. The application process starts with filling out the short inquiry form that you’ll find there, and it takes just 5 mins to complete and submit it. Fill out your form today to get up to $500 cash in no time!