What are the basic requirements for a Payday loan applicant to be approved?
Most lenders simply require applicants to be at least 18 years of age, have a steady income, a checking account, and related documents as proof. Some lenders have additional requirements for borrowers, such as a minimum salary of $1000 per month, residency status or a home phone line. Please check with your payday loan lender to clarify his or her specific requirements for approval.
