LA online payday loan right person

Who Can Get An Online Payday Loan?

If you need quick cash to handle an emergency while you are in between pay periods, one option you can consider is an online payday loan. But, before applying for this loan, you need to make sure you fit the type of person that would get it. Just like with any kind of loan, there are certain types of people that can get an online payday loan, so it is important you know if you are one of them. Use this guide to learn about the six types of people getting this loan.

Six Types Of People That Can Get An Online Payday Loan

1. People With A Checking Account In Their Names

When it comes to the type of people that can get an online payday loan, the first type of person is those with a checking account. In order for our loan representatives at Cash Cow to determine if you qualify for approval, they have to be able to look into your financial situation. This is why you need to have an active checking account in your name before you apply. If you don’t happen to have an active checking account in your name, you will have to look into other loans.

2. People That Have Bad Credit

People that do not have great credit might find it challenging to get approved for various types of loans at banks or other financial institutions. Thankfully, when it comes to payday loans at Cash Cow, we will not automatically turn you away just because of your low credit score. In fact, we don’t even report your loan to credit bureaus. This means your loan won’t influence your credit at all. So, if bad credit held you back before, it doesn’t have to anymore.

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3. People That Don’t Own A Vehicle

A payday loan is an unsecured loan, which means you wouldn’t have to provide us with any form of collateral. This means if you don’t have a vehicle or some other item to put up, this means a payday loan can be a good option. With that being said, there are still a few things that you would have to bring in for us to determine if you qualify. A vehicle just isn’t one of those required items that can help you qualify for this loan.

4. People That Can Prove Their Income

Another type of person that can get an online payday loan is someone that can prove their income source. For payday loans at Cash Cow, you have to show us proof of your income – which is usually your most recent paystub. This shows us that you have a secure way to pay back the loan. The thing to know about this is, if you happen to be unemployed at the time or can’t show your paystub for whatever reason, we might be able to use other forms of income.

5. People With The Required Items Ready

The only way to find out if you qualify for an online payday loan is if you have the required items. Without these items, we wouldn’t be able to verify your information or look into your financial situation. The good thing is we don’t require you to bring in a long list of items. In fact, we only require you to have three easy documents with you when we meet. You will need the following required items:

  • Your driver’s license or state-issued photo ID to prove your age.
  • Your most recent paystub to use as proof of your income.
  • A blank check from an active checking account in your name.

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6. People That Understand How The Process Works

The only way to get through the process for an online payday loan is if you understand it at every step of the way. I mean, you wouldn’t put yourself through something without you fully understanding it, would you? This is especially true when it comes to your finances. The good thing is we here at Cash Cow have made the process simple. Just follow the quick breakdown below to understand:

  1. To begin the process, get in contact with Cash Cow either by giving us a call or by completing our online form found right at the top of our website.
  2. If you do fill out the form, we will give you a quick phone call to verify your information and set an appointment for you to come in with the required items.
  3. Once we get off the phone, this is where you will gather your required items. Once you have them, you can make your way to the nearest Cash Cow location.
  4. Wait for the payday loan representative at the store to go through your items. We will quickly decide if you qualify for approval and for how much we can lend you.
  5. If you do get approved, we will then go over our loan terms and answer any questions. Once you sign the agreement, you can get the money either the same day or the next.

Get An Online Payday Loan Now!

After going through this entire guide and you find that you fit in these categories, don’t hesitate to get an online payday loan. Come to Cash Cow in Louisiana to get the help you need right away! Our loan representatives can help find out if you are the right person to get this loan. You can get between $100 - $300 as soon as today. So, go to our website and fill out the online form right away to get started on the process.

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

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.