Payday and Title Loan Requirements

By | Oct 18, 2016

Typical Criteria Required to Apply for a Payday Loan, Installment Loan, or Car Title Loan

Jer Trihouse Payday Loan Industry ResourcesThis is a list of fairly typical requirements of consumers to qualify for a loan. These criteria are dependent on the state the borrower resides in, the status of the lender [startup, seasoned…]…

Payday Loan/Installment Loan:

  • Valid ID/DL
  • Proof of Income
  • Debit Card {No temp cards}
  • Completed Loan Application
  • Pass credit reporting agency filters
  • Military Exemption
  • Reside in state having enabling payday loan legislation
  • References 3

Title Loan:

  • Valid ID/DL
  • Titled Vehicle
  • Title – Lien Free {Co-signors?}
  • Valuation – 50% Rough Value/Salvaged 20% Rough Value
  • Proof of Residency – Utility Bill/Lease/Mortgage Statement
  • Proof of last payroll amount
  • Completed Loan Application
  • Completed Vehicle Evaluation Sheet
  • Military Exemption
  • Cell phone statement {make copy}

Click this link to get the “Bible” on “How to Start a Payday Loan or Title Loan Company.”

How-Start-Car-Title-Pawn-Business

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2 Comments so far
  1. Always Money October 19, 2016 7:28 am

    The requirements for payday and title loans are clear now. Thanks for sharing the valuable post.

  2. PaydayLoanGuy November 2, 2016 8:54 am

    Your welcome! Check out PaydayLoanUniversity.com as well for training and resources.

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