Factors Needed for a Payday Loan

You may face a financial emergency that needs you to get money which you at the moment cannot. You will have to see where you will get the necessary cash. This is where a payday loan comes in handy. A payday loan is a small amount of money you get from a short term credit facility designed to be issued and recovered within the month. You have certain lenders like first finance payday loan you can ask for such help. It is important to know what you need to access this facility. Here are the ones you need as per most of the companies.
You need to be of the legal age of 18 years. They shall ask for some form of I.D. with your birth date clearly written on it. You are also expected to be a citizen in the country you are borrowing. This is where you also have to produce some form of government issued I.D. that declares your citizenship. They will also ask to know if you have a steady and paying job at the moment. The nature of payday loans is that you shall use your salary to pay for it since it was not yet payday and you needed the money. You are therefore expected to produce a paycheck tub, or an employment verification letter or any other similar document.
You need to also have in place an active checking or savings account. They shall ask you to send them those details since they despot the loan amount straight to client accounts. There are those who only ask for checking account details. If you do not have one, you may have to open one. They will also ask for a working phone number. You can use your house, work or cell phone number. In case they have anything to ask you, they shall reach you on that number.
You also need to produce your military status. Those in armed service usually get protection against high-interest rates, something that may not go well with these lenders. You are likely to encounter an interest rate that goes beyond what you are capable of paying as a military personnel. Letting them know beforehand saves both parties a considerable amount of time.
You should also let your bankruptcy status be known. When you file one, you cannot ask for such a facility. A bankrupt person cannot be asked for money especially if it was an unsecured loan. At the same time, processing such a loan could have your bankruptcy case thrown out.
You need not be concerned about a credit check. They only look at the things they have asked for to process that loan. These things are therefore guaranteed to get you the loan shortly.