How Can I Get Started With Payday Loans Online?
Payday loans online are easy to apply for and may offer a short-term financial solution if you need to pay a bill off fast. If you’re tight on cash and need a little extra before your next pay period, you may consider a payday loan from Utah Title Loans, Inc.
To get your payday loan online, you’ll need to check off the following items:
- Get familiar with a payday loan, its uses, and terms to know
- Meet the standard requirements
- Complete the online form
- Speak with a loan representative
Let’s break down each step below so you can get access to your money in the next 24 hours.
Payday Loans Online: Where Do I Begin?
1. Identify Your Payday Need
Payday loans are not a free-for-all but a short-term solution for a serious financial emergency. Our payday loans are for smaller amounts between $100 and $500.
These loans shouldn’t be spent on trivial purchases but instead for things like:
- Covering rent or mortgage payments you’re short on
- Paying the mechanic to fix your primary vehicle
- An urgent medical procedure
- An overdue utility bill that could cut off your service
- Emergency travel (for illness, a funeral, legal matters, etc.)
- And other serious situations that have pressing financial concerns
Now that you’re sure a payday loan could work for you, let’s dive into the terms you should know.
2. Know A Few Key Terms
You should always be familiar with the definition of a loan before signing up for one. Payday loans are short-term loans that are usually repaid in one payment two weeks to a month after the loan is signed for. Most times, the loans are repaid on your next payday, although these aspects vary on a case-by-case basis.
Here are a few key terms to know when getting started with UT payday loans online:
- Annual Percentage Rate: APR is the annual interest rate of your loan
- Principal: the original sum of money you borrow
- Online/inquiry/general form: the short online form you’ll complete to get in touch with your payday loan representative
- Collateral: any asset you put up against your loan – you do not need collateral for payday loans through Utah Title Loans, Inc.
3. Meet the Requirements
Unlike applying for loans through your local bank, getting payday loans online could be done in as little as half an hour. Utah Title Loans, Inc. only requires three things:
- Driver’s license or state-issued I.D.
- Your most recent pay stub
- A blank check from an active checking account in your name
These three items will be presented to our representative to finalize your application in person, so please ensure they’re up to date.
Alternative sources of income that aren't a standard W-2 job may still qualify, so continue to steps 4 and 5 to chat with a representative about your circumstances.
4. Complete The Online Form
Now that you’re ready to start the application, complete the form online through our home page. This can be done in just a few minutes. We’ll ask for your basic details so a loan representative can get in touch with you over the phone.
5. Connect With Our Team Member
You’ll then arrange to meet with the rep at a nearby office to complete the process. We have locations in Provo, Logan, Clearfield, West Valley City, and St. George. There, the rep will go over your documents and help you finalize the paperwork. If all is approved, you’ll have your cash that same afternoon or the next work day.
Frequently Asked Questions
What Amount Can I Get With Online Payday Loans?
Utah Title Loans, Inc. offers payday loans online from $100 to $500. We’ll determine the amount depending on your needs, income, and application.
Can I Get A Payday Loans Online If I’m Unemployed?
If you have untraditional income, such as Social Security, a pension, disability payments, alimony, or another source, speak with one of our reps to see if you still qualify for a payday loan.
Can I Get A Payday Loan With Poor Credit?
We encourage applications from all credit backgrounds – even from those with poor or non-existing credit!
Do Payday Loans Require Collateral?
Our payday loans online do not require any collateral.
How Are Payday Loans Repaid?
You will discuss your loan repayment with the representative during your application. Normally, loans are due when you receive your next paycheck, but this varies. If you already have a payday loan, check your loan agreement terms for more information.
Start Your Application Now
Getting started with payday loans online can be done in a jiff through Utah Title Loans, Inc. If you need cash for a short-term emergency, this may be the solution for you. Once you have your I.D., pay stub, and a blank check from a checking account in your name ready, you can fill out the online form to get started. You’re already halfway there!
Meet with a nearby loan representative to get the rest of the application out of the way. You could have up to $500 in your pocket within a few hours.
What are you waiting for? We're here to help when you need it most! Apply with us today.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.