how to get a loan against paycheck

How Can I Borrow A Quick Loan Against My Paycheck?

If you’re interested in getting a loan against paycheck, a Utah payday loan may be right up your alley. This loan type is specifically designed so that you can get a sum of money using your future paycheck and simply pay it back when you receive that paycheck.

But how does a loan against paycheck work exactly and what documents will you need to qualify for one?

How Does A Loan Against Paycheck Work?

A payday loan is a common loan type that gives you a quick loan against paycheck. In fact, this loan type is named after the fact that it is dependent upon your future paycheck.

How payday loans work is pretty simple. If you are approved, you can get the money from your payday loan as soon as the same day or the next business day. You can use this amount of money to cover necessary expenses, such as rent or utilities.

You will then pay back the loan by or around your next payday. The exact specifications of your loan and when it is due will depend on your loan agreement. So, make sure to read the agreement thoroughly to confirm that you understand when the payment is due. It should be around or on your next payday.

This quick payback time is a benefit for many individuals. It allows you to see the light at the end of the tunnel even before you get approved for the loan. That way, you don’t feel trapped by a loan that can take months or years to pay back.

What Do I Need To Get A Loan Against Paycheck?

In order to get a loan against paycheck, there are three things you need:

  • Driver’s license or state-issued ID.
  • Your most recent pay stub.
  • Blank check from an active checking account in your name.

Your driver’s license is used to confirm your identity. This requirement is needed for all loan types, not just Utah payday loans. Your most recent pay stub proves that you have a source of income and determines how big of a loan you can afford. The blank check from your active checking account will be used to deposit the money directly into your bank account and to confirm your banking information.

As long as you have these three items, you might qualify for a payday loan. Even if you have no credit or bad credit, a payday loan is an option for you as long as you have these three requirements.

how long it takes to get a payday loan

How Long Does It Take To Get A Payday Loan?

If you need to take a loan against your paycheck, you likely need your money, quickly. Payday loans from Utah Title Loans, Inc. can be paid out quickly and efficiently. The in-person application process can take as little as 30 minutes to complete. This will allow you to get the money you need either the same day or the next business day.

At any of our storefront locations, you can get anywhere from $100 to $500. This loan amount is ideal for necessary bills you have to pay, such as part of the rent, utilities, or unforeseen vehicle repairs.

How Do I Get A Loan Against Paycheck?

Now that you learned the essential key facts about payday loans, you might be wondering how you can get a loan against paycheck today. Here is the process for getting the payday loan you’d like to use from Utah Title Loans, Inc.

  1. Fill out the online payday loan form.
  2. Wait for a representative to give you a call after a few minutes.
  3. During the phone call, set up an appointment at the nearest storefront location.
  4. At the time of the appointment, bring your needed items to the storefront location.
  5. Sit down with a loan representative so that they can review your documents.
  6. If approved, you can get your payday loan money the same day or the next business day.

Remember, this process at the storefront location can take as little as 30 minutes to finish. This means that you can visit us even on your lunch break!

qualify for a payday loan

Apply For A Payday Loan Today!

If you are looking to get a loan against paycheck, a payday loan can be an option for you. This loan uses your next payday so that you can get up to $500 to pay off necessary expenses that you can’t cover yet. With just three required items, you can qualify for a payday loan.

Utah Title Loans, Inc. offers payday loans for individuals who can provide these requirements. If you are interested in qualifying for one, get started today by filling out the online request form. After you click submit, a loan representative will call you back shortly after to kick start the process! 

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

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.