Today, many individuals find themselves living paycheck to paycheck. They struggle to make ends meet, yet somehow manage to get it done. In the event something was to happen, you don't have to worry about not being able to pay for it. Thanks to a payday loan, you can get the cash you need in no time at all. Whether you need money for car repairs, furnace repairs, or a new stove, you can get whatever you need with your new payday loan. To help move the process along quickly, here are three key pieces of information you need to take with you when applying for the loan.
Proof of Income
While this might seem obvious, many people overlook what counts as proof of income. For individuals who are self-employed, a bank statement showing the past couple months of deposits often works fine. Payment stubs from client payments tends to work well also. If you are paid by regular paycheck from an employer, take in at least one month's worth of income with you as proof of your earnings.
Payday loan companies also need a couple references from you. This means names, addresses, and phone numbers. This is for their protection in the event you don't pay the loan off like you should. They will always try to contact you first and foremost. However, this gives them an alternative way to contact you when you don't return their calls or if your phone number changed.
Proof of Residency
Proof of residency is more than just a simple drivers' license. You need to bring in a copy of a utility bill from your gas or electric company. Phone or Internet bills aren't typically accepted as viable proof. Make sure to discuss what you can use as proof with the payday lender.
By taking these three things with you, the representative will be able to get you the loan monies you need in no time at all. Instead of sitting around and trying to figure out what you are going to do to get the job done, you can turn to a payday loan company to take care of it for you. Depending on your state, the maximum amount will vary. Best of all, you don't have to worry about paying the funds back until your next payday. Some lenders are even willing to give extensions beyond that, so make sure to ask beforehand in case you do need a little extra time.