payday loan application

The Step-By-Step Guide To Our Payday Loan Application Process

At Mississippi Title Loans, Inc. we pride ourselves on how fast our payday loan application process is. You could receive a decision in as little as thirty minutes. If approved, you could have access to cash as soon as the same day, or the next day. Speed is essential. After all, most people looking for a payday loan are in dire need of immediate funds. They don't have time to go through a long and convoluted process.

To show you just how fast and easy our payday loan application process is, we are going to detail every single step. We will walk you from gathering your documents all the way through to loan approval. This page will show you that inquiring about a payday loan doesn't need to be headache-inducing. Not when you have Mississippi Title Loans, Inc. by your side. 

A Guide To The Payday Loan Application Process

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Firstly, The Payday Loan Requirements

Before you start the inquiry process you'll need to gather a few documents. Don't worry. Borrowing from us isn't like borrowing from a traditional bank. We won't ask for stacks and stacks of information. You just need the following:

  • Driver's license or a state-issued ID: this lets us know who you are. Not sure if we accept your ID? Just ask! We are here to help.
  • Your most recent pay stub: this allows us to see how much cash you are earning. This is vital information. It is a payday loan, after all.
  • A blank check from an active checking account in your name: gives us information about who you are, as well as details of where to send the money if you're approved. 

Remember, you have to be over the age of 18 to receive approval. We cannot lend to minors. 

Can Bad Credit Borrowers Apply?

This is a question we get asked a lot here at Mississippi Title Loans, Inc. The answer is yes. Decent credit isn't a requirement for our payday loan application process. You can receive approval with bad or no credit.

Our decision will be influenced by your current circumstances, not your credit score.

The Step-By-Step Process

Step 1: Fill In Our Online Form

Gathered all your required documents? Great! The process moves fast from here on out so you will want them within easy reach. 

Your first step is to fill in the incredibly short online form. This lets us know that you are interested in a payday loan. We also get to know you a bit better.

Make sure that you fill in the form accurately, particularly your phone number and zip code. We'll need your phone number to give you a call, and your zip code to match you with your closest Mississippi Title Loans, Inc. borrowing location.

Try to give us a phone number that we can easily reach you on. We'll call shortly after you have filled in the form. So, don't give us your home phone number if you are filling in the form at work, for instance. Give us your cellphone. 

Step 2: Wait For Us To Call 

After you have filled in the online loan inquiry form, one of our team will look through your information. Pretty soon, we'll give you a call.

The purpose of this call is to explain a little bit more about the rest of the payday loan application process. We know things can be a bit daunting to first-time applicants, so we're on hand to answer any questions.

We'll double-check that you have all your required documents. Since you are sensible, you would have gathered them before you even filled in the online form. We just want to remind you not to forget them when you visit us. 

If you want to proceed, we'll tell you your closest Mississippi Title Loans, Inc. borrowing location. We have them all over the state. Almost all of them are within easy reach with vehicles or public transport. 

Step 3: Come Meet Us In Person

Your next job is to come and meet us. You'll be greeted by one of our friendly staff members. They'll ask your name. Let them know that you inquired about a payday loan online and they'll tell you about the next steps. Don't worry. Nobody will ask you what you need the cash for. Everybody suffers from financial emergencies, and we aren't here to judge. We are here to help.

At the start of the meeting, we'll check your documents. If all is in order, you'll be handed a very short application form. It should be simple to fill in, but our staff are on hand to explain anything you don't understand.

Once you completed the form, we'll check it over. If everything is filled in properly, we'll process your application. We'll let you know pretty fast whether you have been approved for a payday loan. 

If you have been approved, there is a little more paperwork to fill in. We'll also explain a few things about the payday loan.

Step 4: If Approved, Receive Your Cash 

If you are in the midst of a financial emergency, this is when you can finally breathe a sigh of relief. If your payday loan application has been approved, we'll send you your money. This will be sent directly to your bank account. Depending on when you were approved for your payday loan, the cash will arrive either the same day or by the following day. 

How A Payday Loan Differs From Traditional Bank Loans

Loans are loans, right? Well, not exactly. Sure, you'll be borrowing money, but a payday loan is a little different from a traditional bank loan. A payday loan is often an option for those that are dealing with an immediate financial emergency. A bank loan isn't. Many of the people that apply for a payday loan with us here at Mississippi Title Loans, Inc. may not even be approved for a traditional bank loan, but they may receive approval for a payday loan.

applying for payday loan

Let's explain some of the differences.

Faster Borrowing

With a traditional bank loan, you are looking at an application process that could be weeks long. It's a long-winded process, and not ideal if you need cash to cover an emergency. Our payday loan process can be completed in as little as 30 minutes. Cash can be available in your bank account either the same day or by the following day. 

A payday loan is an option for those that need cash immediately. Many applicants at Mississippi Title Loans, Inc. are dealing with emergencies such as:

  • Vehicle repairs
  • Appliance repairs
  • Home repairs
  • Higher-than-expected bills
  • Emergency medical costs
  • Emergency travel costs

These are things that can't wait weeks and weeks to deal with. They need to be dealt with immediately, and they cannot wait until the next payday. 

Smaller Loans

Our payday loans are for those that need to borrow between $100 and $400. So, smaller sums of cash. Most traditional banks wouldn't even lend amounts this low. 

Bad Credit Applicants Can Be Considered

A bank is never going to approve somebody for a loan if they have no or bad credit. In fact, just a couple of missed payments on a credit report can see people denied for credit for years. 

Mississippi Title Loans, Inc. understands that a credit score rarely tells the full story about somebody's finances. When we make our lending decisions, we will consider a few different things. This is why you may be approved for a payday loan even if your credit score is on the low side. Many of the people that do apply for payday loans don't have great credit scores.

The Payday Loan Application Process Is Easy. Get Started Today

Here at Mississippi Title Loans, Inc., the payday loan application process doesn't have to be daunting. In fact, it is incredibly quick. You could receive approval for a payday loan in as little as 30 minutes. You can get started by filling in the short online form and, before you know it, you will be receiving a loan decision at one of our many locations in Mississippi. You could receive the funds that you need to cover financial emergencies quickly. Start the inquiry process today. It takes just a few minutes. 

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

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.