As with any loan you apply for, a payday loan application will require a certain amount of information from you. The application process is safe and secure and the lender will need all of the information in order to process your loan application. Here are some tips that should help ensure smooth processing of your direct payday loan.
The first thing you need to do is to make sure you have a current method of identification. This can be a state ID or drivers license. Either one or both is acceptable. Don’t expect the lender to accept an identification that is invalid or expired. They need proof that you are who you say you are. The identification must have your photo. Once you have made sure your method of identification is valid, you should be on your way to getting a loan from a payday loan provider.
You also need to have some type of income. This is something that the lender will need to verify. Gather your check stubs or earnings printout from your employer. Be prepared to show these documents to the payday lender. To get approved for a payday loan, you must have verifiable income. The lender is likely to call your employer just so they can confirm that you are still employed with them. This shouldn’t be a problem. Never lie to a payday lender. Always give them solid, valid information so they can verify and process your loan application.
The lender who processes your payday loan application will also need to verify your address. This can be done by taking a piece of mail to them. This can be a bill such as a utility bill, water bill or any other type of bill that links you to the address you give to them. An online payday loan lender will also need to do an address verification on you as well. They have to know that you are who you say you are and live where you say you live.
The bad credit payday loans are usually fairly fast to process. The processing time will greatly depend on whether or not you provide the lender with accurate information. You will also need to make sure that you fill the application out entirely. Don’t leave blank spaces and leave the lender guessing. The more time they have to spend running down accurate information on you, the more delays you will experience in getting approval of your loan application.
Be prepared with every piece of documentation needed before you visit the lender. Have all of the contact information for your employer and personal references readily available. It is not uncommon for a payday lender to call a reference you give just to validate information about you. This is something they often do just so they can make sure you are legit and validate your information.
These are just some basic tips on how you can make sure the processing of your payday loan application goes smoothly.