How Can I Get Started With Payday Loans Online?
If you need quick money, one option you have are online payday loans. And the good thing is, we here at Utah Title Loans, Inc. have made sure that the process is simple! We know how much you need payday loans online no credit check, so we don’t make you go through a lot of steps that are difficult for you to understand. But what exactly goes into the process? Well, if you want to learn how to apply for payday loans online, all you have to do is keep reading this article!
Payday Loans Online: Where Do I Begin?
1. Identify Your Payday Need
Before you learn how to apply for payday loans online, you have to figure out if this loan is right for you in the first place. This loan was designed to help with emergency expenses – which means you should not use this loan for frivolous expenses. Our payday loans are also for smaller emergencies because you can get amounts between $100 and $500. To help you out, here are a few emergences that a payday loan online can help:
- 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.
2. Know A Few Key Terms
You should always be familiar with the definition of a loan before signing up for one. Payday loans online are short-term loans that are usually repaid in one payment two weeks to a month after you sign for the loan. 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 once you come to one of our stores. In fact, we here at Utah Title Loans, Inc. only require you to bring in a short list of items for us to determine if you qualify for approval. These simple items will be the only way we can decide if you qualify for this loan, so please ensure they’re up to date. Here are the items you will need:
- Driver’s license or state-issued ID;
- Your most recent pay stub;
- A blank check from an active checking account in your name.
4. Complete The Online Form
Now that you’re ready to start the process, complete the simple form online through our homepage on our website. This can be done in just a few minutes and just asks for your basic information – which means it is not the official application. We’ll ask for your basic details so a loan representative can get in touch with you over the phone and set up a meeting for you to come in with your required items.
5. Connect With Our Team Member
You’ll then arrange to meet with the representative at a nearby office to complete the process. We have locations throughout Utah in places like Provo, Logan, Clearfield, West Valley City, and St. George – so there is bound to be a store near where you live. Once there, the payday loans online representative will go over your items and determine if you are approved. If all is approved, you’ll have your cash that same afternoon or the next work day.
Now That You Know The Process, Here Are Some Frequently Asked Questions
What Amount Can I Get With Online Payday Loans?
We here at Utah Title Loans, Inc. offer payday loans online from $100 to $500. To determine how much you could get, we look at both your income and your ability to repay the loan. This means we do not require you to bring in any form of collateral. So if you don’t have a car title but you do have a job, you can get this loan.
Can I Get A Payday Loans Online If I’m Unemployed?
When it comes to proving your income, we do ask for your most recent pay stub. However, if you can’t provide this because you are unemployed, you might have other options. If you have income such as Social Security, your pension, disability payments, alimony, or another income source, speak with one of our representatives to see if you still qualify for online payday loans.
Can I Get A Payday Loan With Poor Credit?
We encourage people from all credit backgrounds to come in and see if they qualify for a payday loan. There is a reason they are known as payday loans online no credit check. In fact, if you are approved for this loan, we won’t even report it to the major credit bureaus. This means your loan will not have any kind of impact on your credit score!
How Are Payday Loans Repaid?
You will discuss your loan repayment with the representative when you come in for the meeting with your required items. Normally, loans are due when you receive your next paycheck, but this can vary. If you already have a payday loan, check your loan agreement terms for more information. We will also talk about things like fees and interest rates when you arrive.
Start Your Process Now
Getting started with payday loans online can be done quickly through Utah Title Loans, Inc. when you need money. If you need cash for a short-term emergency, payday loans online may work for you. Just get the required items ready and we can help you find out if you qualify for approval. You could have up to $500 in your pocket within a few hours. Don’t wait any longer. We're here to help when you need it most! Fill out the online form now to begin.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.