Cash Advance Qualifications

Cash advance qualifications will depend on the company you are dealing with, as well as on your state's laws and regulations.

There are some very typical overall requirements for getting a payday advance in the United States, including having a steady employment as well as at least 18 years of age.

Before you consider taking a payday loan from a company, you should get to know the applicable laws in your state, because many states have very heavy regulations regarding the industry.

For example, the state laws can dictate how much a borrower may take as a cash advance at a maximum, how many payday loans he may take per a certain period, and there are many other variations to these rules.

In fact, many states have even banned payday loans in their area, so you cannot take a cash advance as a resident of these states, not online nor at a storefront, because the state will not grant licenses for payday lenders to operate in that area.

Examples of Cash Advance Qualifications

Because payday lenders are businesses, they will have varying rules on who they choose to do business with, often based on how risky they think a customer is in terms of not paying back what they take as a loan.

To minimize this risk of non-payment, most payday lenders require that a borrower has a steady job, and is 18 years old or over, to legally enter into a payday contract.

As an example, ACE Cash Express, one of the most popular online and storefront payday lenders in the United States, has many additional requirements from a borrower to qualify, based on their websites FAQ section, including (always verify the full range of requirements by yourself):

  • you must have steady income,
  • you must be able to show a verifiable source of recurring income payments
  • you must have a checking or savings account that has been open for at least one month before applying,
  • you must be able to be contacted after work,
  • you must be at least 18 years old
  • you must have a gross income of at least $1,000 per month,
  • you must not currently be a debtor in a bankruptcy case or presently intend to voluntarily file for bankruptcy relief, and
  • you must be a resident of the state in which from you are applying for a loan.

Often, the payday lenders will ok customers even with bad credit, even though they often do credit checks as part of the approval process.

› Cash Advance Qualifications


Cash advances should be used for short-term financial needs only, not as a long-term financial solution.

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