August 10, 2020
Do I Need Good Credit to Qualify for a Payday Loan?
Where to Get Short-Term Loans in Florence, Alabama
Stop wondering and worrying if you need good credit to qualify for a payday loan! At Select Title Loans you don’t need good credit, because we do not run a credit check! We understand that sometimes you need fast cash. We want to make the process of getting you the money you need a convenient, confidential, and easy transaction. We’re experts when it comes to bad credit loans, so let us help you today!
Who is Eligible for a Payday Loan?
Our goal is to help customers get the quick cash they need to hold them over until their next paycheck. You are eligible to apply for a payday loan with us even if you have bad credit. Even though your credit can be bad, there are a few simple things you’ll need in order to qualify for a payday loan. You need to:
- Be at least 18 years old
- Have valid identification
- Be able to provide proof of regular income – you can prove this to us with recent bank statements if you don’t have pay stubs
- Have an active checking account
- Have a valid phone number and email address
- Be an American citizen or a permanent resident of the US
- Be a resident of Alabama (or the state where you’re taking the payday loan)
We’re here to help, so as long as you can provide us with the information listed above then we can get started on your fast cash payday loan right away. And don’t worry, we never report your loan to any of the major credit bureaus such as Experian, Equifax, or TransUnion.
Where Can I Get a Short-Term Loan in Florence, Alabama?
Right here at Select Title Loans! We understand that unexpected expenses happen sometimes. So we like to make it as easy as 1-2-3 to get the money you need, and fast.
How Long Will the Process Take to Get a Payday Loan?
You can get a check advance payday loan with us in as little as 20 minutes! There are many people just like you, who have come to rely on short-term loans as the best way they can cover important costs for necessities and other unexpected life expenses. But, other types of personal loans have long-term payments that can be a burden, especially if you are only looking to loan a small amount of money to make it until your next paycheck. A short-term loan, like a payday loan with us, is a much better option because you can get your money quickly and you don’t have to worry about waiting for a credit check that you might not pass anyway. At Select Title Loans we do more than just title loans – we’re happy to set you up with a short-term check advance payday loan. Most customers are pleasantly surprised by how quick they can be deemed eligible for payday loan funding through us!
What Steps do I Have to Take to Get a Payday Loan?
In order to get a payday loan or check advance in Florence, Alabama you only have to complete a few simple steps. The most important step to getting a payday loan is proving that you are able to pay back the loan with your next paycheck. Sometimes we also need you to prove that you have an active bank account. Once you can prove these two things, you are able to get a payday loan through us. We encourage you to give us a call at 256-767-2100 so we can discuss your particular circumstances. Then we can let you know exactly what you should plan to bring with you to our office. Usually we ask potential lenders to at least bring recent pay stubs and a valid photo ID. If we choose to proceed with your payday loan, we may ask you to write a check for the loan amount, plus a loan fee. This will be considered your collateral on the loan. Then when it is your next payday, you will pay us back for the amount of money you borrowed, plus the loan fee. At Select Title Loans we trust you will pay us back, and we aim to be completely transparent and always let you know exactly how much you’ll need to pay back on your loan.
What’s the Difference Between a Regular Loan and a Payday Loan?
Regular traditional loans are going to run a credit check before giving you any money. With a check advance payday loan through us, it doesn’t matter if you have struggled to get a personal loan in Alabama in the past. You can still get a payday loan at Select Title Loans. The difference is that personal loans from a credit union or a bank are going to closely inspect your credit before they decide to lend you money. Even if you are able to pay back the loan, they will focus on your credit score – so if it’s not up to par, you’re out of luck. But, with personal loans through us bad credit is never a problem! We take into account that you work hard and sometimes you just need a little extra cash to make it to your next pay day. Other lenders also focus on bigger loan amounts, wanting to lend thousands of dollars at a time so they can charge you interest for years to come. You can avoid all that hassle and extra cost with a payday loan through us! We will tell you exactly how much your loan will cost you in the end, including your principal and our reasonable fees. Also, we won’t make you pay off your loan for years. Most clients at Select Title Loans pay back their payday loans within two weeks, or whenever they get their next paycheck.
How Much Money Can I get with a Payday Loan?
The amount you can get with a payday loan is entirely based on what kind of pay you make. This is because a payday loan, or cash advance, is essentially a short-term loan that uses your next paycheck as collateral – so what you make helps determine the amount you can be lent. Simply bring in your pay stubs, or record of recent bank statements if you don’t have pay stubs, and we can begin to calculate a loan amount to get you cash fast. Before we decide how much money to lend you, we will take a few things into consideration:
- Your monthly income and budget – We won’t lend you more than you can pay back
- How much money you need – We want to help you be responsible with your finances
- The collateral you can put up – We need you to show us you’re serious about paying back your loan
Where Can I Get a Payday Loan Near Me?
Right here at Select Title Loans in Florence, Alabama! Contact us today to get started on your payday loan!