Applying for Payday Loans: Key Information You Need

You want to apply for a cash loan, but you're not sure what you're going to need. 1Hour Fast Cash is happy to help. The following are the pieces of information you may be asked to provide when you fill out an online payday loan application. Note that it can differ from one company to the next, but this covers the information that's typically required.

Identification Information

Companies may ask you to prove your identity by showing your license or another photo ID. It's more common if you go into a store, but be prepared to provide a government-issued ID number, such as the number on photo driver's license, on the online application form. This also proves you're old enough for the loan.

You will need a Social Security number. Without one, you won't get a loan. You also need to have a valid address, usually post office boxes are not allowed, and a phone number that's active. If they call and it's not a valid number, they may not approve your online payday loan application.

Banking Information

The cash loan company needs a bank account where they can deposit your money. They also need a way to withdraw the money you owe them on the day it's due. Usually, this is done by providing a copy of your bank statement or a postdated check. If you don't have an active check account, some companies will accept a debit card.

Employment Information

You'll be asked for your employer's name and contact information. This is to verify you do have a job and are able to repay the loan. In some cases, a stub from a Social Security or disability check will work. You need to provide how often you're paid and how much you earn.

The information you need to provide for an online payday loan application can be subject to state and local laws. With 1Hour Fast Cash, we'll help you apply for and find the best payday loan for your needs. We look up the fees, repayment terms, and requirements and send you the lenders who can offer you a loan. You simply fill out the application once you've decided on the best one. Apply now.