Emergencies happen to hard-working people every single day. If you need fast cash to help pay for car repairs, tackle an unexpected medical bill or get through the gift-giving holiday season, there are a significant number of payday loan, car title loan and pawn shop companies across the United States that are happy to help you secure the funds you need when you are in a bind. While certain states have specific restrictions and limitations when it comes to these types of loans, there are some standard requirements you will need to meet in order to get one of these types of loans.
Most payday loan companies will require that you have a steady job, and you will need to provide proof of your income. In addition to providing a few recent pay stubs or a copy of your tax return, you may also have to provide your employer's phone number so that your current employment status can be verified. You will also need to provide proof of residency, a photo identification card and your bank account information. To protect the lending agency, they need to verify that you are who you say you are, and they need to have access to your information in the event that you default on your loan.
If you need installment loans Mississippi or in other southern states, you may need to provide a check from your personal checking account, and you may also have to present your social security card as an added measure of identification. The lending institution is required to disclose how they utilize this information in conjunction with their lending and recovery practices.
Most payday and car title lenders are able to provide you with the funds you need on the same day that you apply. In some instances, you may have to wait an extra day or two to get the money if additional verification is needed. If you are self-employed, it may take an extra day or two to get the money you need.