There are a few basic
There are a few basic requirements established by lenders to become approved for bad credit payday loans. These requirements should protect the interests in the lender, as well as that relating to yours, the borrower. First, the possibility borrower must be no less than 18 years of age this will let you verifiable form of income using a steady paycheck, hence the name payday loan. Many lenders requires that the borrower must have been employed within their current job as well as living at their current residence for around the last three months to be qualified.
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There may also be minimum monthly income requirements a borrower must meet that may vary by lender but are usually around $100 to $1,000 per month. Another important criterion being approved for low credit score payday loans is that the borrower carries a valid bank account that's capable of electronic transactions. There's 2 reasons for this; the first is that your money is going to be transferred directly to your money upon approval, and secondly, the funds might be debited from your account for the agreed upon repayment date.
If for whatever reason you find that you are unable to repay your loan on your next payday, most low credit score payday loans will offer extensions for an additional pair fee. Most loans are about a fortnight in length, which is the average period of a pay period, but some can even be as long as three to four weeks.
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