Who Can Get Payday Loans?

| Total Words: 450

Have you ever been hit with an unexpected expenseor various unexpected expenses all at oncebetween pay days, with no extra money to cover them? An unexpected expense can be a medical bill, a car repair or other major repair bill or an emergency overseas or cross-country trip to a funeral. Maybe you wrote a check months ago and forgot about it, and its about to get withdrawn from your account and you wont have the funds to cover it. Perhaps you have a steady full-time job but you havent been able to save very much money for emergencies. These scenarios can happen to almost anybody, and one viable and convenient option is getting a payday loan.

However, payday loans are not for everyone. First of all, if you do not have a current job of some sorteven if you have a verifiable history of employmentpayday loan lenders cannot consider your application because you need to prove you can pay the loan off on your next pay day in a job you have now, not a potential future job. Secondly, in order to qualify for a payday loan, you also need a bank account so the loan company can deposit the borrowed amount and can also withdraw the same amount plus the borrowing fee on your next pay...

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