This is a common question that we get and we can honestly say that no, it is not hard to get a payday loan. There are few requirements for payday loans and cash advances in Dallas. This makes them one of the best sources of quick money to pay unexpected expenses. If you are thinking about one of these loans, here is wha you need to qualify.

Loan Requirements

  1. Job
    Yep, got to have a job. After all, your lender needs to know that you have the ability to pay back the loans that they give you.
  2. Checking Account
    What makes these loans so fast to fund is the fact that they will deposit directly into your bank account. This requires you to have a checking account. Savings accounts will not do.
  3. Social Security Number
    You will need to have a social security number but do not worry. The credit check for a payday loan or cash advance is nowhere near as hard to pass as one for a traditional loan.
  4. Phone
    I am sure you have a phone or a good contact number. Your lender will need this in order to contact you if needed.

That is it. In most cases this is all that you need to get a payday loan. Now, please take a second to read the precautions.

Proceed With Care

Now that you know how hard these loans are to qualify for, you might be ready to jump right in. Use caution though because there are some things that you need to know.

  • The interest rate on these loans is high.
    They are after all short term, high risk loans. Lenders charge a high rate for these loans so read the fine print and learn exactly what you will be paying before you commit.
  • You will need to pay the loan back quickly.
    By the very definition of the name, these loans are designed to only get you by until your next payday. You will have to pay the back within 14 days in most cases.
  • You should never take out more money than needed.
    Only take out exactly what you need to pay your bill and consider alternative sources of money. You can borrow from friends, get a credit card cash advance, sell something on craigslist, etc, etc.

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