4 Important Things to Know When You Get Your First Payday Loan

If you’re in a pinch and need quick financial assistance, you might’ve stumbled across a few advice pieces about applying for payday loans. And it’s good advice! As long as you’re smart about the payday loan and don’t abuse it, it can really save you from a financial problem.

Some people already know this. But if it’s your first payday loan, you might want to learn a few things about it before you apply.

When Is It Time to Apply for Your First Payday Loan?

As with most debt, when you’re smart about the payday loan, it can be really useful. This means knowing when the situation calls for applying.

If this is your first payday loan, you might be a little hesitant about applying for it – and that’s good! That means you’re not being hasty, which is smart.

Allow us to elaborate a little about the circumstances when it’s justified to apply for a payday loan (especially if it’s your first payday loan):

Payday loans are a great way of dealing with emergencies due to a few key characteristics. If you’re having a pressing financial problem that needs to be dealt with on short notice, a payday loan can be a lifesaver.

A medical problem, car problem, or house needing quick repairs would all be great examples. Basically, if you can’t get cash together fast enough for the problem to be deal with fast – and you run the risk of not only escalating it but paying more money fixing it in the future, you’re completely justified applying for your first payday loan.

Here’s why:

1. Payday Loans Are Accessible – As Long As Your Documents Are in Order

Unlike loans from more traditional financial institutions (like banks), payday loans won’t force you to jump through multiple bureaucratic hoops. All you need to do is get the few required documents in order before you apply.

Texas Car Title and Payday Loan Services, Inc., specifically, only has a few requirements – you need a state-issued valid ID (a driver’s license works); you need an active checking account (for a blank check), you need to provide proof that you have at least some sort of income (the most recent pay stub).

If you’ve got these documents in order, you can easily proceed with applying for your first payday loan.

2. Payday Loans Are Fast

When in an emergency, applying for a traditional bank loan can become an additional problem instead of help – this is because the bank loan approval process can stretch from a few days to a couple of weeks (most people don’t have a couple of weeks, when in an emergency and pressed for cash).

Not the case with Texas Car Title and Payday Loan Services, Inc. The entire application and approval process usually takes as little as 30 minutes (as long as, this needs to be reiterated, your documents are in order).

Not only that but if you’re approved – you’ll get the cash you qualified for either the same day or the next bank business day at the very latest.

Texas payday loan cash

3. Your Credit History Won’t Influence Your Chances

For many who’re thinking about applying for a payday loan, credit scores are a deterrent. This is not surprising – after all, most of our lives we’ve been taught that without a good credit score applying for a loan can break you rather than make you: even if you’re approved (which may not happen), you might wish you weren’t.

Not the case with payday loans – your credit history plays no part in the loan approval process. Not only can you get approved even if your credit score is bad, but you can also get approved if your credit score is nonexistent altogether.

4. And Neither Will It Be Influenced by the Payday Loan

It’s also common for those who’ve only ever had traditional loan experience and are applying for their first payday loan to be wary of the loan’s prospective influence on their credit history.

“Will the payday loan have a negative influence on my credit score?” – is a question that people often ask, especially those whose credit score is good.

The answer is no. When you apply for the loans at Texas Car Title and Payday Loan Services, Inc., you can rest assured that the process stays only between you and the lender. It won’t be reported to any credit bureaus, and thus won’t influence your credit history.

How Do I Apply for My First Payday Loan?

  1. Go to the Home Page of our website and fill out the online form;
  2. Wait for the loan representative to contact you and set up the meeting;
  3. Go to the meeting and make sure you have your ID, your most recent pay stub, and a blank check from your active checking account with you;
  4. Let the representative assess everything to determine how much cash you qualify for;
  5. Get approved – and you’re all set to get your money!

Apply for your First Payday Loan Today!

If you feel like the urgency of your financial problem cannot wait any longer, don’t hesitate to contact Texas Car Title and Payday Loan Services, Inc. for your quick cash estimates and hassle-free application process. Apply today to get up to $1,200 cash with payday loans in Texas in as little as 30 minutes!


Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.