In order to qualify for a payday loan, you must meet both of the eligibility requirements outlined below.

You must own a car that is insured.

If you meet both of the criteria for a payday loan, but you do not have a car, you will need to prove that you have another source of income to get you through. This is often a means of getting around the income tax that comes with owning and maintaining a vehicle. If you do not have any other source of income to use as a form of income, a payday loan is not currently an option.

You need a job to pay the interest and fees on your payday loan.

When you are a student, you often need a bit of money each month to pay your tuition. You may want to know that if you were to get a payday loan at this time, the interest you would receive over the course of the month would only be a fraction of what you would have paid to borrow at a rate at which you can find a lower rate if you choose to take out loans at another time of the month. Even if you are doing something very short term, the interest can range from 2% to 6%. Some loans also have higher fees, too. These low interest rates have also allowed us to provide customers with lower interest rates during the holidays, so as to offset the time savings that come with a shorter term.

Many students have come to us to get out of the debt that comes with college attendance. Because the interest rates we charge at this point are very low, and because most student loans are issued within a few weeks of school, many students can move up to a payday loan and pay the full amount over a short period of time. As a result, many students find that their debt is actually paid down more quickly than they originally expected. As a result, our customers have not only avoided the expense of going into more debt, but have avoided incurring additional student loan servicing fees in the process.

You need a high education.

Before you apply for a payday loan, we strongly recommend that you visit with a prospective borrower who is not only in a position to pay off their debt, but has already demonstrated what an asset they are to the economy by going to school and receiving a high salary while in school. Many of our clients do this by working jobs in a multitude of different aspects of the economy, including as a janitor, dishwasher