Can I Get Payday Loans with No Credit History?
July 15, 2021 | Louis Tully
Payday loans are far more accessible than bank loans in many regards, and this is no different when it comes to having no credit. You can get payday loans with no credit, if you choose to apply with Mississippi Title Loans, Inc. However the chances of getting a bank loan with no credit are next to nonexistent.
So, here are the answers to your questions about payday loans in Mississippi when you have no credit history to speak of.
Payday Loans With No Credit: Answers To Your Common Questions
1. How Is It Possible to Get Payday Loans with No Credit History?
Unlike traditional financial institutions, private lenders are more eager to approve as many people as possible, so their qualifying requirements tend to be comparatively lax and flexible.
What a private lender cares about, first and foremost, is your ability to repay the loan down the line. If you provide sufficient proof of income, your credit situation isn’t going to play a major role.
Payday loans are usually several hundred dollars at most and very short-term. This means that you don’t need to prove your income is particularly stable and will be there for years to come.
2. How Do I Know if I’m Eligible for Payday Loans with No Credit?
There is no universal list of qualifying requirements, and each lender has an individual approach. However, there’s usually a large overlap among payday lenders.
It’s likely, that no matter who you choose to work with, they will need you to be over 18 years old (no minor can qualify according to regulations), be able to pay the loan off, and have an active checking account in your name at least.
If you choose Mississippi Title Loans, Inc. to apply with, a list of items you’ll need to provide includes:
- A valid driver’s license or state-issued ID;
- Your most recent pay stub as proof of income;
- A blank check from the same account.
Related content: Do Payday Loans Affect Your Credit?
3. What if I’m Unemployed and Can’t Provide a Recent Pay Stub?
While a pay stub plays an important part in your loan application – the lender will decide the loan amount you qualify for and the payoff schedule based upon it – it’s not wholly without an alternative, at least with Mississippi Title Loans, Inc.
With us, if you’re able to provide sufficient proof that you’ll be able to repay the loan without being employed (using social security checks, alimony, or unemployment benefits), you could still get a payday loan.
Just make sure to inform your loan representative about your situation and provide them with all the necessary documentation, and they’ll do their best to accommodate you.
4. How Much Cash Can I Get?
Different lenders offer different payday loan amounts. If you apply for a payday loan at Mississippi Title Loans, the maximum amount you can qualify for is $400 – regardless of your credit situation.
5. How Do I Find Payday Loan Locations Near Me?
Mississippi Title Loans, Inc. has multiple locations across the state, and you can easily find them all on our website. Use the store locator on our webpage to find the store nearest to you.
6. What Is The Process For Getting Payday Loans?
You can easily start the application process online, without having to spend time on an extra visit to the store. So, here’s what you need to do:
- Fill out and submit an online form on the website and wait for the loan representative to get in touch with you. The loan representative will provide in-depth information about the process, answer your questions and set up a meeting with you.
- Take the required items – the government-issued ID, the proof of income, and a blank check from a checking account in your name – to the meeting.
- Let the loan representative assess all the documents, and determine if you should get the payday loan, what the maximum loan amount you qualify for is, and what your payoff schedule should look like.
- Fill out simple paperwork, and you’ll get the cash you qualified for the very same day.
If you still have more questions you need answered simply call us, fill out our online form, or read our payday loan FAQs.
Submit Your Inquiry Today!
Having no credit doesn’t mean no chances to get financial help when you’re facing an emergency. You can get payday loans with no credit at Mississippi Title Loans, Inc. for your urgent expenses without worrying about the absence of credit history. Submit your inquiry today to learn how much cash you can get with Mississippi Title Loans, Inc.