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For most places, the minimum age to apply for a payday loan is 18, however state or Federal Laws where you live may impact the minimum wage so check with a local payday loan supplier

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Q: What is the minimum age to apply for a payday loan?
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Long Term Payday Loan: One Option for Poor Credit?

Payday loan companies do most of their business by fronting small loans to people who expect to pay back the cash when they receive their next paycheck. You may not be aware that these instant loan establishments also offer long term loans that you can repay in monthly installments. If you have no credit history or a poor credit score, you may choose to look into a long term payday loan as a source of funding. Those people with no credit history to demonstrate their trustworthiness include students who have not borrowed money or rented a residence before. Those with poor credit scores are often people who have defaulted on previous repayments. If you are in either of these situations, you may be refused a loan from conventional sources such as banks or finance companies. A lender that does not check your credit history, such as a payday loan shop, is much more likely to offer funding. Reasons for a Long-term Payday Loan You can purchase the following kinds of items with a long term payday loan: • A house • A car • Furniture • Appliances • Medical/Dental Care • Computer What You Need to Apply To apply for an installment loan from an instant cash company, you will need to provide the following documentation: • ID showing that you are over the age of 18 • ID showing that you are a U.S. Citizen • Proof, such as pay stubs, that you have been employed with the same company for at least 3 months (longer in some cases) • Proof, such as bank statements, that you have a checking account that has been active for a minimum of 3 months • An account number for direct deposit of your loan Drawbacks of a Long Term Payday Loan Since payday loan concerns doe not check your credit history, they are taking more of a risk in lending you money without assurance that you will pay it back. This is one reason that the interest they charge for this type of loan is exorbitant. Be sure you read and understand all the terms of the loan before agreeing to them.


Who can apply for personal loan?

Anyone of legal age, with proper credentials


Can you get a payday loan while collecting unemployment?

Unfortunately, it's impossible as one of the main guarantees for payday lenders is stable job with constant income. Payday loan lenders take risks providing cash advances to people with bad credit, therefore they compensate this risk performing particular requirements, like legal citizenship, age of 18 and stable job. So, I'm sorry, but payday loans are not available for you.