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Can a self-employed or retiree qualify for a payday loan?

April 26, 2017payday loan qualify retiree self-employed

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Can a self-employed or retiree qualify for a payday loan?

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Some payday lenders online and offline accept pensions, social security and disability payments as reliable sources of monthly income. Be sure to confirm with your prospective lender before filling out an application. In some cases, you may have to fax your award letter or similar documents. By contrast, most payday lenders do not approve payday loans for self-employed individuals because they consider self-employment income as unreliable.