Who Typically Gets Payday Cash Advance Loans?

July 13, 2021 | Peyton Sawyer

who gets payday cash advance loans

More than two million people get payday cash advance loans every year, with many of them being fully employed and in excellent health.

That's because it's virtually impossible to predict what will happen in life. So, having a financial backup plan such as getting Idaho payday loans certainly helps in times of emergency or urgency.

What Are Payday Cash Advance Loans? 

Payday cash advance loans are a type of unsecured loan. So instead of collateral, they use your upcoming paycheck as proof of your ability to pay back the loan. Like borrowing from your own bank account ahead of time, these loans give you instant access to funds that are yours but have not been paid out to you yet. In Idaho, you can get as much as $500 if you qualify. 

Qualifying for payday cash advance loans is pretty easy too. You don't even need perfect credit to get approved, and the process generally takes less than an hour from start to finish. Plus, your money gets deposited directly into your bank within 24 hours or less in most cases. You do have to be at least 18 years old to qualify, though. 

What Are Payday Cash Advance Loans Used For? 

There are several uses for payday cash advance loans, especially if you run into unexpected expenses and have to bail yourself out of a difficult situation.

Problems happen all the time, and most of those problems can cost money. But when you are prepared with a plan, there isn’t much to worry about. Payday loans Idaho can give you the cash to take care of any financial emergency. 

Today, the average person in the United States has less than $3,000 in their savings account for emergencies with a credit score of about 700. Traditional banks typically want collateral and high credit ratings to approve people for loans, but payday advances can help you cut out complicated loan processes.

falling behind on bills

How To Tell If You Need Payday Cash Advance Loans 

Knowing whether you need payday cash advance loans is the hardest part for some people. Many borrowers try sticking to their old ways of making money fast, only to realize later that it didn't work, sometimes a bit too late. So, here's how to tell if payday cash advance loans are right for you or not: 

  1. It's hard to pay your most important bills on time each month. You've tried budgeting, but there's just not as much coming in as there is going out. You may even be facing eviction or foreclosure. 
  2. Your credit score is steadily declining because of money shortages. Failing to pay your bills on time has had major consequences, and now you're no longer eligible for traditional bank loans. 
  3. You miss deadlines by only a few days but are otherwise responsible with money. All you need is a bigger window to get things done because the timelines don't ever align.

If any of these situations sound like what you’re going through, it could be time to consider one of the payday cash advance loans offered in Idaho. Look at your budget to find out or create a new one to determine when you need extra cash the most. 

NOTE: A majority of borrowers seek cash advances before the end of the month, and repayments can be structured to match your payday schedule at work (weekly, bi-weekly, etc.).

payday cash advance loans

Tips For Getting Payday Cash Advance Loans In Idaho 

Thanks to the internet, it's now easier than ever to get a payday loan in Idaho. You can start the process online or over the phone, or you can visit our store in person if that's what you prefer.

Here's how to get your payday loan: 

1. Go To The Idaho Title Loans, Inc. Home Page To Get Started

At Idaho Title Loans, Inc. you'll find a short intake form on the main page. Fill it out and wait for an agent to review the information. If you meet the basic requirements, you can set a time to complete the process at your earliest convenience.

2. Gather The Information You'll Need To Get Approved

Here's what the payday loan agent needs to see when you arrive at Idaho Title Loans, Inc.’s location: 

  • Your driver's license or a government-issued photo ID.
  • Your most recent pay stub from work.
  • A blank check from an active checking account in your name.

Once they review your documents, they will inform you whether you qualify or not. If you do, you can finish the paperwork right there and then, and get your loan the same day.

Submit Your Online Form To Get A Payday Advance Today

Payday cash advance loans are very easy to get, that’s why more than two million people make use of them every year. Submit your online form to get your loan today and put the money to good use.