How to: Paycheck Loans

Obtain a paycheck loan to pay any necessary finances immediately.

A paycheck loan is a form of temporary financing that allows you to borrow money to pay bills before you receive your paycheck. A paycheck loan, also known as a payday loan, is a convenient way to borrow money without an extensive credit report process. Obtaining a paycheck loan is a simple process any individual with a bank account can complete.

Things You'll Need

• Blank check
• Two months paystubs
• Photo identification

Instructions

1. Locate a payday loan office in your town.

2. Go to the payday loan office with your photo identification, two months of paychecks and a blank personal check.

3. Tell the clerk how much money you would like to borrow. The individual will explain to you all the fees associated with borrowing the money through a payday loan.

4. Sign the agreement form and fill out the blank personal check. The check will include the loan amount plus fees. The payday loan office will then hand you cash in the loan amount.

5. Return to the payday loan office on your next pay day. Pay the amount of money owed in full and retrieve your personal check from the clerk.

Tips & Warnings

• If you do not show up to pay your loan money back, the store will cash the personal check as agreed in your loan terms.

References

• Safe Online Payday Loan: How to Get a Payday Loan Without a Bank Account