paycheck advance

Can I Get A Paycheck Advance Without A Pay Stub?

Mississippi Title Loans, Inc. offers paycheck advance loans as one of several options that can keep you out of a financial crisis.

Each of our loans has specific requirements for approval, but don’t worry. Unlike the bank, we don’t ask for mountains of paperwork or a sky-high credit score.

Although our requirements are minimal, you might naturally assume that having a pay stub is one of them, because it proves that you have earned income to repay the loan, but there are actually several ways to show your income.

In the next few sections, we’ll outline what you need in order to get a small payday loan for unexpected bills and explain why having a pay stub on hand isn’t necessarily one of them.

Do I Need A Pay Stub For A Paycheck Advance?

To answer the question simply, no, you do not have to have a pay stub, per se. However, you do need proof of income.

Here’s what we mean…

When applying for a paycheck advance, you need to be able to show our team that you have the means to pay the loan when it comes due (usually coinciding with your next paycheck).


How To Show Proof Of Income

But there’s more than one way to prove that you have money coming in. Clear it with your loan rep, but usually, we’re able to take all of the following documents in place of a pay stub to verify that you have sustained income:

  • A W-2 or 1099 (small business owners and those who are self-employed) from the previous year.
  • Previous month’s bank statement showing credit(s) to your account from an employer.
  • Your most recent direct deposit form, which works just like a pay stub to prove your income.
  • A letter from an employer, signed (not stamped) which indicates your income.

Other Forms Of Acceptable Income

But what about people who do not hold a job, but do have income? Other forms of income could include any of the following:

  • Child support
  • Alimony
  • Government benefits such as disability payments
  • Retirement benefits or investment dividends

If you receive any of these instead of wages or salary, you will need to show proof of these types of income with the appropriate document. Tax documents and bank statements will also suffice.

Getting Approved For A Payday Loan

Once all your documents are in order, you’re all set and on your way to getting approved for a paycheck advance. Aside from your proof of income (outlined above), here are the other things you’ll need:

  • Checking account
  • A blank check from that account
  • State-issued I.D.

You also need to be 18 or older in order to apply for a paycheck advance.

The Process 

Our process is simple:

  1. Submit your information online with the simple form on our website.
  2. Wait for a representative to call you from a nearby Mississippi Title Loans, Inc. location.
  3. Go to that location with your paperwork in hand to finish the application.

You could see the money appear in your account that very day or the next business day.

Does Bad Credit Disqualify Me?

Many first-time customers worry that they will be turned down for a payday loan because of their past financial decisions. However, none of the following will immediately disqualify you from a paycheck advance:

  • Bad credit
  • Bankruptcy
  • Past mistakes like bounced checks

We take every application on a case-by-case basis, and everything is considered, including your ability and willingness to take care of the loan in the present, not your financial past.


Apply And Get Your Money Today

Not all, but many of our customers have cash in their accounts within the same of applying. The majority of our paycheck advance loans are processed the same day or the following business day, provided that all your information is in order. 

Getting cash the same day you apply is unheard of in the banking world, as is getting approved for a loan without a pay stub in hand. But that's what makes us different from traditional lenders. 

We do our best with every application because we understand that times can get tough and many people don’t have anywhere else to turn. That’s why we offer flexible options when it comes to proof of income.

Mississippi Title Loans, Inc. provides paycheck advance loans for all types of financial burdens, including the following:

  • unemployment or lost time at work
  • emergencies
  • unexpected travel expenses

Get Started Now

If you find yourself in one of these situations, you are not alone. Customers come to us time and again because we provide loans from $100 to $400 in their time of need. This amount is just enough to get them through a tight spot without being committed to a long-term loan.

So, get started with your application online by filling out our loan inquiry form or in person so you, too, can know what it’s like to get approved with no hassle, even if you don’t have a recent pay stub.

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

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.