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Get Your Payday Loan Approved With These 6 Super Tips

No matter the state of the economy, there comes a time when we’ll have no choice but to borrow money on short notice — whether it’s to cover living expenses, settle tax debts, or for emergencies. Among the multitude of options at one’s disposal, payday loans are a popular choice for those who need urgent cash. 

Also known as “cash advance” loans, this type of unsecured personal loan requires no collateral. They’re based on a portion of the borrower’s income, usually don’t exceed a few hundred or thousand dollars, and come with high interests. Now, if you’re thinking of taking out a payday loan, here are six resourceful tips to get yours approved in no time.

1) Meet Basic Loan Criteria

For the most part, payday credit providers base their decision on the borrower’s profile. Fortunately, the criteria for these short-term loans aren’t as drastic as other types of credit. You must be at least 18 or 21 years old depending on your country or state of residence, have an active checking account where the money will be deposited, and prove your ability to repay the loan in due time (more on this below). So, if you falter on one of these starting requirements, your odds of approval will be quite low.

2) Select a Local Lender

Thanks to their growing popularity, you won’t have trouble finding a certified lender, whether you live in Canada or the United States. You may choose a traditional physical lender or visit a site to get an idea of what online payday loan institutions look like in Canada. Whichever option you go for, make sure you select a lender close to home to ensure a smooth process and avoid complications later on. Use this opportunity to compare loan fees and interest rates, too.

3) Check the Employment Requirements

As a “potentially risky” borrower, you’ll need to reassure your lenders that you’re indeed capable of paying back your loan. This is perhaps one of the most important criteria for approval. For that reason, you’ll be asked to provide proof of employment and a pay stub to disclose how much you earn every month. Although the requirements vary from lender to lender, a stable full-time job is almost always a guarantee to have your payday loan application approved.

4) Show Full Disclosure

It goes without saying that lying about your employment status, level of income, or other aspects of your application can compromise your chances of securing a payday loan. Lenders expect no less than honest, transparent borrowers who they can trust. Similarly, attempting to conceal your poor credit history will only result in a letter of rejection. Whichever credit provider you apply to, show full disclosure as proof of your engagement and seriousness as a customer; you’d be surprised how far this can take you.

5) Only Borrow What You Need

Just because you’re the ideal candidate for a cash advance loan doesn’t mean you should go all out. These are short-term, high-interest loans, which don’t necessarily make them the most advantageous credit option. However, they’ll come in handy if you’re ever caught in a pinch and need to secure some cash as soon as possible. In general, the higher the amount you want to borrow with these loans, the less likely approval will be. So, remember to take out only what you need to avoid making repayment a never-ending hassle.

6) Double Check Your Application

Finally, when it comes to financial matters, especially credit, discipline, and organization are essential. Before you start to fill out forms or take a step towards getting your payday loan approved, take a moment to check that your documents are all in order. 

Prepare a copy of your photo ID, passport, pay stubs, and keep them in a neat folder or scan them and store them in a dedicated digital file. This will help you send the right documents to your lender and avoid unnecessary back and forth, which may send the wrong signals.

Ultimately, while the thought of taking out a loan might make you anxious, securing a payday loan is a relatively simple process. As long as you’re able to provide all required documents, attest your income, and give your lenders proof of your solvability, getting your application approved should be a cakewalk. Word to the wise: If you’ve never taken out this type of unsecured loan before, be sure to conduct some research and consider a few more borrowing options before reaching out to a qualified payday loan lender. Also, settling existing debts first always helps!

This article was brought to you by TFC Title Loans, we try to bring to you the most informative information. If you are interested in getting a  local title loan to you, we are able to help you with our large referral network.

We will help you to get the most money by using the equity that you have in your vehicle, the application is fast and we can provide you with same-day funding.

Title loans will be able to get you more money than a payday loan, and the terms are easier for you to pay back. As long as you have the income to support the monthly payments, it is a better option for you.

All of our referral partners are in compliance with the CFPB. We will help you to get the money that you need but from a trusted and reliable title lender.


DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

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