What Is Required To Apply For A Lewiston, ID Payday Loan?
At Idaho Title Loans, Inc., you can apply for a Lewiston payday loan with three key documents, your I.D., proof of income, and your bank account information.
Not any I.D. or piece of paper will do, however, so we’re diving into the exact documentation you need to apply and qualify for your payday loans in Lewiston, ID. Plus, read on to learn from our FAQ section that talks about payday loans for unique financial situations, online payday loans, loan alternatives, and more.
Requirements For A Lewiston, ID Payday Loan
State I.D.
All payday loan applicants should be Idaho residents who are 18 years or older. You’ll need your I.D. to get the process started, but not any I.D. will do.
Ideally, you’ll need your Idaho license or identification card. Since Idaho also offers Star Cards, these are also acceptable. While passports are valid forms of I.D., they do not list your current place of residence, which is why a state I.D. is ideal.
If you’ve recently changed your legal name for any reason, be sure to update your I.D. and accounts before applying as well.
Proof Of Income
A Lewiston payday loan is a non-secured short-term loan. Non-secured means it doesn’t require collateral – AKA, your assets – to back the loan. Collateral is when you offer something you own, like your home or a car, as retribution if you stop paying back the original loan.
Since payday loans in Lewiston, ID don’t require collateral, they do require proof of income so that we know you have the funds to repay the loan. Most people apply for payday loans to make ends meet before their next pay period, which is when they’ll show their most recent pay stub as proof of income.
Others may have untraditional methods of income, such as investments, alimony, Social Security, retirement accounts, pensions, disability payments, or other sources. These individuals may still qualify for a Lewiston payday loan, but they’ll have to show proof of income through things like bank statements, government letters, or other legal documents.
A Bank Account
You’ll need a checking account under your name and your name only to qualify for a Lewiston payday loan. Be sure this name matches the one on your I.D.
This account should be active, meaning you deposit and withdraw from it regularly. Ideally, your income will go straight into this account monthly.
To prove you have an active account, you’ll bring in a blank check to your in-store meeting.
Applying With Your Documents
Now that you’ve got the essential trio of documents in hand, let’s move on to the application process for payday loans in Lewiston, ID.
To get started, you’ll complete the online request form on our homepage. It will ask for your name, email, phone, and zip code to match you with the office nearest you. We have multiple offices across the state, but our Lewiston location is at 808 21st Street, right in town.
A few moments later you’ll receive a call from the Lewiston location and speak with one of our representatives. This is the optimal time to ask questions, make sure your documents are acceptable, and arrange a time to meet at the Lewiston office. The in-person meeting takes as little as 30 minutes and is how you’ll receive your approval decision.
If you’re approved in-store, you’ll get between $100 to $500 instantly or within a few hours. The total loan amount depends on your needs, application, and verifiable income.
FAQ:
Can I Apply For My Payday Loan Online?
You can get started with a payday loan online within a few minutes, but you’ll need to complete the process in person at one of our offices. Luckily, we have an office right in Lewiston and this in-person stop could be done in as little as half an hour. Be sure to speak with a representative on the phone before popping in to make the process as efficient as possible.
What Happens If I Can’t Prove My Income?
We generally require your latest pay stub to prove your income if you’re regularly employed.
If you have income apart from a W2 position, fill out the online form and wait for our phone call to discuss your situation with our loan agent. You may still be able to qualify for a payday loan if you can verify your income, no matter where it’s from. Otherwise, consider a title loan alternative.
Are There Other Loans Available In Lewiston?
If you can’t verify your income or don’t have an active checking account under your name, you may be able to apply for a title loan instead of a Lewiston payday loan.
Title loans are given to those who have a paid-off, lien-free vehicle title. You can keep your car during the life of the loan and could qualify for up to $15,000. Check out our title loans page to learn more.
Access Payday Loans In Lewiston, ID Today
If you’re ready to access your own Lewiston payday loan, breeze through the Idaho Title Loans, Inc. online form to get started. These short-term financial solutions may be a lifeline for those who are in a tight spot with something like an unexpected doctor’s bill, car repair, or overdue utility bill.
In less than an afternoon, you could complete your application. Plus, you’ll hear back with your approval decision quickly. We’ve been putting dollars into our borrowers’ pockets and now it’s time to offer the same to you!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.