Payday loan approval is easy when you know what to expect when you apply for an online cash advance.

Here’s what you’ll need to get instant approval for fast cash:

  1. Your Last Pay StubPayday lenders want to know how much you make and how often.  You’ll also need to know your next one or two pay dates.  Depending on the lender’s requirements and your state laws, they may need your most recent pay stubs (unless you receive Social Security, pension income or government benefits.)
  2. Your ID or Driver’s License Lenders must verify your identity per the Patriot Act.  All you’ll need is your Driver’s License or ID number and expiration date.  Just make sure the application page is secure!
  3. Employment Information (Or Sources of Income) Lenders just want to know you make enough money to be approved for the payday loan.  While they may call your work to verify employment, they can’t tell them why they’re calling.  All they can ask is whether or not you work there.  So have your work number and work address handy in case it’s needed!You need to make at least $800 a month net pay to get approved for an online cash advance.
  4. Banking Information The nice thing is, once you’re approved, the cash is wired to your bank account fast – it’s usually there by the next morning.  It’s convenient, because you don’t have to hassle with depositing cash yourself.
  5. Verification Documents Here’s a useful tip: Most payday lenders offer faxless payday loans – but only for first-time loans up to $200!.  So, if you don’t want to fax anything, take out $200 your first time and more later.  However, some states still require lenders to get a copy of your recent pay stubs, recent bank statements and/or your ID.So keep those documents on hand just in case.  If you don’t have a fax machine, you can send faxes at any FedEx store or most grocery stores.

    Or, better yet – get a free 30 day trial of Ring Central, and fax your proof documents from your computer.  As long as you have a printer that can scan documents, you can do it this way.  That’s how I did it – and it was quick and easy.

What Happens After You Apply?…

After you apply, you’ll either get approved instantly for a payday loan, or they’ll call you back within an hour with your approval status.  I know with PayDay One (my favorite lender), you’ll find out instantly if you’re approved.

As long as you’re honest, you have a job, you have a bank account and you make at least $800 a month it should be easy to get a loan.

That’s usually true even if you have bad credit, a previous bankruptcy or a bad TeleTrack report.

What If You Change Your Mind?

Read the fine print, but applying usually doesn’t obligate you to accept the loan.

Lenders will call you to go over your application and loan terms.  If you change your mind, just let them know!

If their loan rates or loan terms seem high or you, shop around.  There’s enough honest, ethical cash advance sites that there’s no need to do business with a shady company.

In fact, I recommend PayDay One.  I’ve used them time and time again when I needed them because it’s easy to apply (especially if you’re an existing customer) and they’re state licensed.  Click here to visit their official site now…

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