Social Security Payday Advance FAQ

The payday loan concept is not really related to income levels at all. There are many social security services that are income tested benefits. Payday loans, however, do not fall into this category, but are available from private companies in the United States. You can receive a payday loan as long as you are able to write a post dated check, and the money received from social security can cover the repayment of the loan.

The amount you can borrow through a payday loan really depends on the loan office that you visit. Generally, no loan office will let you borrow more money than you are going to receive in your next social security check.

Car loans are not really related to the payday model. You can take out a payday loan specifically to use on car repairs or for some other similar expenses. If you are interested in getting a payday loan for your car in order to do some repairs, you do not need money in your checking account; just proof of your regular payments from social security and a post dated check is enough.

In some areas of the US, this will not be possible. However, some areas might allow you to sign an agreement for wiring funds upon arrival. This is much more difficult to enforce than a post dated check, so in many cases a savings account will disqualify you from receiving a payday loan.

Just look in your phonebook or online for a payday loan center close to you. Payday loans are quick and easy to do.