How to Get a Payday Loan

A payday loan can help you make ends meet until your next paycheck. The interest rates can be high, but that may be a small fee to pay compared to falling behind on your car payment or not having grocery money when you need it. Here is how to get a payday loan.

Difficulty: Moderately Easy

Instructions

1. Locate a payday loan location in the yellow pages. Call ahead to see what items you need to take to that particular business.

2. Bring picture identification, a recent check stub, a recent bank statement, a blank check and a utility bill in your name. Items vary with different payday loan businesses, but these are the general qualifications needed.

3. Tell the clerk the amount of money you need. Show them your identification, check stub and other documents.

4. Write a check for the amount of the loan plus the fee. Postdate the check for the date you wish to repay the loan. The clerk will let you know what the fee is and give you written proof of the amount.

5. Sign any legal documents or papers authorizing the cashing of your check and acknowledgment of your agreement.

6. Take the cash that the clerk gives you. This is your money until it is time to pay back the loan.

Tips & Warnings

• Don't borrow too much money. Borrowing more than you can pay back will cause your fees to go up or leave a bad mark on your credit.