What Is A Payday Loan Exactly? What You Need To Know

March 2, 2022 | Daniel Dewitt

what is a payday loan

 

Do you find yourself in need of immediate cash due to emergencies? If so, a payday loan from Nevada Title & Payday Loans, Inc. can help out. But before you go on our website to get the process started, you need to know what is a payday loan. With these need-to-know facts about payday loans, you can decide if a payday loan is a loan that can help you meet your financial needs.

Learn More About Payday Loans In Nevada

Payday loans are unsecured, short-term loans that can help you bridge the gap between pay periods at work. This loan is designed specifically to provide short-term help to your financial problems. This means this loan will not permanently fix your problem, but it will help you out. This loan is also designed for you to repay it when your paycheck comes in – usually in two weeks.

There Are Various Names For A Payday Loan

When you talk about what is a payday loan, it can sometimes go by quite a few names with us here. You may find that we refer to this loan as a payday advance loan, paycheck loan, cash advance loan, payroll loan, salary loan, or even check advance loan.

No matter what you call them when you come see us, this loan is the same and has to do with helping you in between your paychecks from work. Now that you know the different terms it can be referred to, the next step is to figure out how to use this loan and how our process works.

You Can Get Money For Emergency Expenses

When it comes to payday loans, we will decide how much you could get based on your income. This means your pay stub becomes important to help us decide. Even so, with us at Nevada Title & Payday Loans, Inc., you can get up to $500 for this kind of loan. When you get through our process, we will tell you how much you can get.

Bad Credit Will Not Get In Your Way

If you have poor credit, you do not have to worry! Even with bad credit, you can apply with Nevada Title and Payday Loans, Inc. and still qualify for approval. We welcome all types of credit to come in and sit down with us. Excellent, good, or bad credit won’t stop you from finding out what is a payday loan and if you can qualify for one.

 

payday loans NV

 

You Don’t Need A Lot To Get Started

When it comes to what is a payday loan from Nevada Title & Payday Loans, Inc., there are only three items needed to get through the process. First, you will need to show you are of an eligible age to apply by providing a driver’s license or state-issued ID. This is due to the fact that you must be at least 18 years old to apply.

Next on the list of required items is your most recent paystub. Again, this helps us determine the loan amount, as well as gauge your ability to pay the loan back. And lastly, you will also need to provide a blank check from an active checking account in your name.

You Can Get Through The Process Quickly

Getting a payday loan from us is a quick and easy way to obtain emergency funds. This is because of how fast the process is and how quickly you can obtain the money if you are approved. Applying for a payday loan can take as little as 30 minutes from when you walk into one of our Nevada locations. This makes payday loans a viable option for emergencies such as:

  • Home and auto repairs.
  • Rent and utility bills.
  • Medical bills or emergency room visits.

Come To Nevada Title & Payday Loans, Inc. For Help

Now that you know what is a payday loan, finding where to get a payday loan is the next step. With us at Nevada Title and Payday Loans, Inc., you can begin the process and easily find all of our Nevada quick payday loan locations on our website. All you need to do to start is:

  1. Contact our local store by submitting an online form found right on our website to have a representative call you as soon as possible.
  2. Discuss necessary documents, set up an in-person meeting at the store, and ask any questions you may have about how the process works.
  3. Bring the required documents to the store to have a representative determine how much you could get and if you qualify for approval.
  4. If approved, go over loan terms and complete the paperwork to receive your money on the same day or the following bank business day.

Get Your Payday Loan Today

Now you have the information you need to come to Nevada Title & Payday Loans, Inc. for a payday loan. After discovering what is a payday loan exactly, If you feel confident that a payday loan is for you then don’t pause on getting that emergency taken care of. Submit an online form today to get started! 

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.