Payday loans are short-term small-dollar loans that bridge the gap between your paychecks. When emergencies arise, and you don't have a big enough emergency fund to cover the unexpected costs, these loans are an option. 

However, it would help to meet the payday loan checklist before you can confidently get this loan. Luckily, that's exactly what we're going over in this guide. Keep reading to start your payday loan checklist today.

Check Out The Ultimate Payday Loan Checklist

Our Fast Payday Loans, Inc. ultimate payday loan checklist covers more than just the essential criteria. We'll take a holistic approach to ensure you're ready to receive and repay one. So, without further ado, let's jump into the details.

1. Have A Justifiable Reason To Borrow

First on our payday loan checklist is to ensure you need the loan in the first place. After all, there's no point taking out money you'll need to repay if it wasn't necessary, to begin with. While there are many reasons to get a payday loan, the following are the most common:

• Covering the most exorbitant costs of home repairs (e.g., broken windowpanes, HVAC system issues, missing roof tiles, and more)
• Funding urgent same-day travel to return home earlier than planned from vacation when necessary
• Covering costs associated with vehicle breakdowns
• Paying for utility bills that were higher than expected
• Covering medical bills you didn't expect or were more expensive than you anticipated
• Paying for out-of-hours veterinary care for your dog, cat, or other pet

If you don't have the time to wait for the money and the situation worsens/becomes more expensive, a payday loan could be a quick and easy option.

2. Meet The Simple Yet Important Requirements

The next item on our checklist is perhaps the most obvious — meeting the criteria. Unlike other traditional loans, payday loans are easy to acquire. But that doesn't mean they're requirement-free. It just means that you won't have to deal with hard-to-meet criteria. Here's everything you'll need to provide to get a payday loan from us:

• A government-issued photo ID (e.g., your passport, passport card, driver's license, or a military servicemember ID card)
• Your most recent pay stub
• A blank check from your active checking account in your name

You can proceed confidently with the payday loan checklist provided you have the above.

3. Apply For What You Only Need

It's tempting to apply for the maximum amount you can get approved for (FYI: our loan limits run between $100 and $1,000). When you're having a difficult month, the extra money is more than alluring.

However, your chances of gaining acceptance increase when you apply for smaller amounts (i.e., the specific amount required to cover your emergency). You'll lower the likelihood of application denial.

But that isn't the only reason it's essential to apply for what you need — you won't have to repay a massive lump sum.

Repaying an amount you didn't need can be incredibly stressful. So, don't risk making your situation worse by adding unnecessary concerns. Instead, work out the amount you require to cover your emergency and apply for that amount. Trust us; it'll save you a lot of hassle in the long run.

4. Make Sure You Can Afford It

We cannot stress the importance of this! You need to determine whether you can comfortably repay the payday loan on time. Otherwise, you risk being caught in a terrible debt cycle.

While working out your finances may not be the first thing on your mind when dealing with emergencies, you must spend time calculating what you can afford to borrow. You don't want to fall short on repayment day.

5. Understand The Process

Finally, you need to understand the process. We'll guide you through the entire application. However, having a head start is always good so you know what to expect. Here's how our payday loan process works:

• You submit the form on this website with the required information.
• We will call you to discuss everything when we receive your request.
• You head into your local branch with the requirements discussed above.
• We'll greet you before analyzing your documents and establishing whether you are eligible.
• We'll finalize the paperwork and request your signatures on a few forms if approved.
• Finally, you get the money you need as soon as the same day or the following day.

Get A Payday Loan from Us At Fast Payday Loans, Inc.!

With our ultimate payday loan checklist, you can confidently move forward with your loan. The in-person portion can take as little as half an hour, allowing you to get your life back on track as quickly as possible. So, if you need to fund an emergency and have no other options, complete our online payday loan request form now!

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