Who can get a payday loan?

by augustus.ziemann , in category: Banking and Credit , 9 months ago

Who can get a payday loan?

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1 answer

by marion.bernhard , 9 months ago


Payday loans are typically available to individuals who meet certain criteria, which may vary depending on the lender and jurisdiction. Generally, borrowers need to be at least 18 years old and have a steady source of income, such as employment or government benefits. They typically need to provide proof of income and identification, such as a government-issued ID or driver's license. The requirements for getting a payday loan may also include having an active checking account. It is important to note that payday loans can have high interest rates and fees, and should only be used as a short-term solution for financial emergencies.