The popularity of Payday cash advances in United States is increasing day by day. Applying for a payday cash advance is easy. Individuals who seek to bridge the gap between their paychecks can drop in to the payday officer and take out a cash advance.
Payday cash advances are not limited to the working class but have also extended to the community of people who are on social security. Thus, here are some questions you may have regarding a social security payday advance.
I have low income from social security. Can I get a payday loan?
The payday loan is not linked to your salary scale. It is a myth that these loans are granted to only those who have an income above a certain level. The services or loans that are based on the concept of income level are called income-tested benefits. However, Payday cash advances do not come under this category. These loans are granted through private lenders.
Seeking a payday loan is simple. All one has to do is simply apply for a loan at the payday center. Repaying the loan is as easy as writing a postdated check. When the money is deposited into the individual’s account, the check is cashed and the loan is repaid automatically. However, you need to prove that your next paycheck is sufficient to pay the amount borrowed.
What is the limit for the loan if I’m on social security?
The limit totally depends on which company you have selected. However, the ground rule remains the same for most of the companies. That is, one cannot borrow more than what he receives in his next social security check.
I have just collected social security. Can I get a car loan?
Car loans are in no way related to your social security payday schedule. All you need is proof of the social security checks in the form of a post-dated check.
I have a savings account and social security. How can I get a payday loan?
A Payday loan is granted to individuals on social security with savings accounts only in certain parts of US. Sanctioning of these types of loans is more difficult as one needs to agree to a transfer of the funds on arrival. Hence, in many cases, a savings account reduces your chances of getting a payday loan.
I need $300 loaned to me until my social security check comes. Where can I get the money?
Payday loans are perfect for this type of situation. One can easily apply for a payday loan online and get the cash. Payday loans are fast, reliable, simple, and trouble free. Go ahead and get a payday loan to meet your immediate needs.