The 4 Things You Must Do To Qualify For Payday Loans In Richland, MS

We can all find ourselves in need of a little extra cash from time to time. In Mississippi, you can apply for payday loans to get between $100 and $400 to hold you over between paychecks.

There are 4 basic things you must do for the approval of payday loans in Richland, MS with Mississippi Title Loans, Inc. The process is simple if you have a checking account, bring a check that's blank from that checking account, provide the most recent paystub, and show a valid state-issued ID. Keep reading for more regarding payday loans in Richland, MS.

4 Requirements For Richland, MS, Payday Loans

1. You Must Have An Active Checking Account

The number one thing you must do to qualify with Mississippi Title Loans, Inc. is to maintain a checking account in active status. Those without checking accounts open cannot be approved for payday loans. 

Title loan companies want to know if there is an account you're using to operate your funds from. It's to show there is somewhere you receive funds and somewhere funds can be drawn from.

2. You Must Bring A Blank Check Associated With Your Checking Account

Your loan representative will ask for a blank check to be provided from your checking account. This is for the verification that the account is valid and active. 

In preparation for your application process, take a blank check from your checkbook so you do not have to come back with this later. If you show up without the blank check, you'll delay the processing because the company cannot verify your account. You will not qualify without providing a blank check.

3. You Must Provide Your Most Current Pay Stub From Work

You'll need to bring your latest pay stub to show proof of employment and income. The pay stub basically acts as your collateral against the loan. You're showing the loan company that you have money coming to you so that you can pay the loan back. 

As a loan company, it's important to see the latest pay stub. It shows us that not only do you have a source of income for loan repayment but that it's current employment. A pay stub from the past will not qualify you for payday loans in Richland, MS.

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

4. You Must Show Your State-Issued ID

You cannot qualify for payday loans in Richland, MS without a state-issued ID to show. It can be a state-issued identification card or a state-issued driver's license, it just has to be issued by the state government. 

If you cannot verify your identity with an official ID card, we will not approve you for a payday loan.

What's The Best Use For Payday Loans?

Payday loans are a bit different than title loans or other types of loans. This is because they're usually for far less money. Typical payday loans in Richland, MS are for anywhere between $100 to $400 USD. 

That being said, payday loans are for those gaps between one paycheck to the next where you have bills coming due but you're not getting paid again for too many days. You can get qualified for a payday loan to hold things over until your next paycheck comes in. 

Payday loans are not large debts. The most you can get in Mississippi is $400. These loans are meant to help pay a bill that's coming due or get some groceries when the time between paychecks is just a little too long.

How Do You Get Payday Loan Money?

You'll start your loan inquiry form online to submit to your local Mississippi Title Loans, Inc. branch. A representative will reach out to you soon after your inquiry is received.

You'll finish your application process at your local branch store and if you're approved, you'll receive your money at the location you're in. It's a quick process for most people. If you have all the proper documentation and meet all the qualification standards, you can be approved in as little as 30 minutes sometimes. 

Are There Fees Associated With Payday Loans?

As is true with any type of loan, there are fees associated with payday loans. These loans are approved as a service, thus you must pay for that service through fees. 

The exact amount of fees is based on the terms of your particular loan, so you must read the loan agreement to find out how much they are.

Start Your Inquiry Form Today

You can start your inquiry form at any time right here on our website. Be sure to fill in all the requested information completely and accurately to expedite your loan process. 

Gather the information and documents you need to get qualified and head to our office that's nearest to you to finish your process and pick up your cash.

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