subject: Payday Loan - Questions and Answers [print this page] Payday Loan - Questions and Answers Payday Loan - Questions and Answers
What is a person required to have to get a payday loan?
First, you must be 18 years old to receive a payday loan and to go through the process of getting one. Second, you must be a legal U.S. citizen. Third, you must have a valid U.S. residence. Fourth, you must submit to the loan agency your full Social security number. Lastly, you must be employed for the past 3 months. These are the minimal requirements to apply.
What is the difference between a bank loan and this loan?
The biggest difference is their aren't nearly as many restrictions with a payday loan as their are with trying to get a bank loan. With a bank loan, you need to put up collateral or you must have excellent credit to be approved. This is not the case with payday loans. Getting this type of loan is also faster and more convenient, since many times you can do it online.
How much do they give out?
As much as $1,500, It depends on what you submit to the loan companies in your completed loan application as well as how much you make per month.
How safe is it to submit my information?
Very safe, since they protect their loan application pages with the best security features their is online. You can check this by looking up at the address bar, if you see "https" at the beginning of the URL then the page is highly protected from information stealers. The "S" at the end of the "http" means page is secure and safe. Visit the resource box below.
