Do I Need A Bank Account To Apply For Payday Loans Tupelo MS?

Written By Louis Tully

Published on August 10, 2023

People looking for quick cash turn to alternative financing like payday loans Tupelo, MS. These types of financing options are relatively easy to get approved for and the money comes quickly!

Many of the private lenders that offer payday loans require a checking account. Some even require a 30-day bank statement. There are several reasons for this listed below.

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Reasons To Have A Bank Account For Payday Loans

Some Deposit The Cash Directly Into The Account

With so many financial tasks done electronically, some private lenders are opting for directly depositing their cash into their checking account rather than giving it to you at the store or sending you to a bank with a voucher. This is highly convenient for both you and them because you don't have to go to the store to get your money.

You can access it quickly with a debit card or at your bank. That means you can pay for your emergency expense over the phone once you are given the money. That can be helpful if you are busy working or are having trouble with transportation.

Having a checking account on file also makes it easier to repay the payday loan as you don't need to carry cash to the store to make payments. How that is handled depends on the private lender so you will need to discuss specifics with them before you apply.

The Lender Ensures You Can Repay The Loan

Getting a loan you can't afford will put you in a worse situation, so some private lenders often ask for the last current bank statement to make sure you will have cash on hand on the next payday to repay the loan.

The exact qualifications of payday lenders vary from state to state and company to company. It's always best to find out the requirements before you head to the store. A good way to do that is to fill out an online form first. You can easily do that for payday loans Tupelo, MS.

Getting Payday Loans Tupelo, Ms

The process of getting a payday loan is stress free and easy. Getting payday loans Tupelo, MS is simple when you use Mississippi Title Loans, Inc. for help. They offer payday loans between $100 and $400. They don't require the 30-day bank statement like other lenders do, but they do require you to have an active checking account.

The requirements for payday loans Tupelo, MS with this private lender are to have a photo ID, like a driver's license or a state-issued ID, your most recent pay stub, and a blank check from an active checking account in your name. You must be 18 years old or older to apply.

The amount they will loan you depends largely on the pay you earn. Your job is your credit for this private lender and they verify your job and pay that with your pay stub. That makes loans available to more people who need them.

Payday Loans For Emergencies

A payday loan can help cover necessary expenses that can pop up between paydays, especially if you get paid every other week or monthly. It can cover things like a car issue or a doctor's co-payment. It can also help with gas or food until your next paycheck.

The Easy Way To Apply

Technology today makes it easier than ever to apply for a payday loan. You can fill out the online inquiry form on the website while in the comfort of your home. A loan representative will call you to talk to you about payday loans Tupelo, MS and their process. You should have your required documents ready in case they want to verify them.

You will fill out the formal application at the store. A loan representative will verify your documents, and then it's only a matter of filling out simple paperwork. You can finish the process and get a decision in as little as 30 minutes. Those approved will get their money either the same day or the next business day.

One of the advantages of applying for payday loans Tupelo, MS with this private lender is that those with bad credit can still apply. Talk to the loan representative about your credit when you have them on the phone.

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Get Started Today

You don't have to worry about how you are going to pay that emergency expense. Fill out the inquiry form to see if payday loans Tupelo, MS is a good option for you. Those at Mississippi Title Loans, Inc. will answer all your questions and tell you how they can help. Fill out the online form today and get that emergency expense paid.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.