Now that you understand the process of payday loans and how they work. You probably have questions about what you need to qualify for a payday advance. You’re probably aware of how fast they can get you your money, how you can get up to $1,500 wired directly to your bank account and how easily that money is repaid at the end of the loan term. So here is the criteria needed to qualify and an explanation for each.

• Must Be 18 years of Age: This is obviously because you must be a legal adult in order to qualify for an instant cash advance.
• Must be A United States Citizen: Although there are international payday loan services on the Internet, our network of trusted payday lenders is available exclusively to residents of the United States.
• Must have an Active Bank Account: Online payday loans are transferred directly to your bank account. So in order for this to work, you must have an account.
• Must be Employed: Payday loans are based upon your employment history and future income. Think of this as your collateral.
• Must Earn at least $750 a month: Since payday loans are based upon your future income, you must earn at least this in order to borrow a loan. It is also important for you the borrower to keep this figure in mind and make sure you do not borrow more than you earn. This is important, and you should always make sure that you will be able to repay the loan.