What Type Of Worker Can Get A Paycheck Payday Loan?
May 4, 2022 | Daniel Dewitt
A paycheck payday loan is an option worth considering for anyone who needs to bridge the gap between paychecks. When emergencies arise that need immediate cash, waiting for payday is not an option in some cases. In fact, waiting for your next paycheck can even prove to make the emergency much worse on your finances.
If this happens to be your situation, you may be asking if you are the type of worker who can get a paycheck payday loan. The short answer is, thankfully, there is no one type of worker that is more eligible for payday loans. Here is what you should know if you are in need of a payday loan in Florida.
Learn What Worker Gets A Payday Loan
Paycheck Payday Loans Rely On Pay Rather Than Job Type
When it comes to getting a paycheck payday loan from Fast Payday Loans, Inc. in Florida, we do not determine if you qualify for approval based on the type of worker you are. We welcome applicants from all fields of work to come in and find out if they qualify.
The type of work you do does not weigh heavily on whether you are approved or not. This means that essentially anyone with a job can apply and have a chance to get approved for a payday loan. Instead, it is more important for the applicant to show proof of income to obtain a paycheck payday loan.
Proof Of Income
Payday loans are determined by how much an individual gets paid, not necessarily the type of work they perform. This means that the most important thing you can provide to us is proof of income. Your proof of income will be used by one of our payday loan representatives to determine how much you qualify for in loan amount.
It will also help them determine if you can repay the loan by your next payday. The most common proof of income to provide is in the form of your most recent pay stub. Your pay stub will provide your lender with detailed information about how much your average pay is, whether you get paid weekly or bi-weekly, and how much of a loan you can afford.
Based on the information from your pay stub, a loan amount is determined based on a percentage of your pay. This way you can pay back your loan come your next payday and still have money in your pocket. And if you can’t use your pay stub, we can discuss other forms of income you can use.
How Your Line Of Work Can Impact Paycheck Payday Loan
Although there is no one type of worker that can get a paycheck payday loan, the type of work you perform may impact how much you are approved for. As mentioned, paycheck payday loan providers welcome borrowers from all fields of work. However, you may be qualified for a larger loan amount if you have a job that pays more for the work you perform.
For example, if you work in management rather than an entry-level position, you will undoubtedly make more money per paycheck. As paycheck payday loan amounts are determined by your pay, you will likely be offered more. And in Fast Payday Loans, Inc., we can offer you anything up to $1,000.
How Your Work Hours Affect Loan And Loan Amount
Another way your work can impact your paycheck payday loan is whether you are a part-time or full-time worker. A full-time worker is guaranteed scheduled work hours compared to a part-time worker. This means the full-time worker is making more – which can lead to the full-time worker being able to repay a slightly larger loan amount.
We may consider whether you work full-time or part-time when considering your ability to repay the loan. Keep in mind this does not necessarily mean that your application will be rejected. It just may result in a smaller loan amount offer to ensure you can repay the loan on time.
Find Out How Much Of A Payday Loan You Qualify For
No matter what kind of work you perform, you can apply for a payday loan to find out how much you qualify. With Fast Payday Loans, Inc. in Florida, you’ll know if you are approved and for how much in as little as 30 minutes! And not only do we welcome all types of workers, but we also welcome people regardless of their credit score. To get started with our simple process, simply:
- Submit an online form to have a representative call you within minutes.
- Speak to a loan representative to set up an appointment. They will also go over the required documents needed, which are:
- Driver’s license or state-issued ID.
- Your most recent pay stub.
- A blank check from an active checking account in your name.
Get Your Paycheck Payday Loan Today
If you find yourself needing a payday loan to help you out with emergency expenses, don’t let your line of work get in your way. As you can see, any type of worker can come talk to us to see if a payday loan will help. Get a paycheck payday loan today by taking the first step. Call or submit an online form today to have a representative contact you and get you started on the right foot!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.