What do I need to qualify for a payday loan?

Generally, payday lenders require you to have an active checking account, provide proof of income from a job or another source, show valid identification, and be at least 18 years old. Some lenders might employ additional criteria, such as a minimum time at your current job or a minimum amount of income to qualify for a certain loan amount.

Ask CFPB provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically.

Ask CFPB includes links or references to third-party resources or content. The CFPB does not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.

Read full answer Hide full answer