August 30th, 2011 
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When you’re having trouble making ends meet and when your paycheck doesn’t come in just when the bills are due, paperless payday loans can help you get the cash you need easily and quickly. But how do you qualify for one such loan? Here are some of the requirements.
Regular Income
Of course, it’s not enough to say you have a job. You need to prove that you have regular employment you are making money from. Most companies ask for two months of employment at the very least. But what if you don’t have a job? If you receive monthly checks from your pension or from social security, you can still qualify for a cash advance.
Depending on your choice of lenders, you can borrow anywhere between $800 to $1,500.
Checking Account
To qualify for a cash advance, you will need a checking account. Some lenders ask that the account be at least 4 months old. These lenders may also require that you have no checks still outstanding.
Age Requirement
Borrowers should be 18 years old at the very least. Obviously, if you’re reading this and you’re 16, you can forget asking your parents to co-sign for you. It won’t fly so don’t do it.
Different lenders require different proof of age. Some accept a checking account as proof, because this shows you are of legal age. But don’t worry about having to fax forms – you won’t. With paperless payday loans, you only need to fill out a few forms – perhaps only one, even – electronically!
Paperless payday loans are regulated by state laws. The maximum amount you can borrow depends on where you live, what your income is, and what your state’s laws are on payday lending. Your schedule for repayment is also set by state laws so you won’t have to worry your lender will try to pull a fast one on you.
Looking For Paperless Payday Loans? Click Here!
Photo Credit: chego101
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