woman asking questions about payday loans

How Do I Prove My Income For A Payday Loan In Millington, TN?

A payday loan in Millington, TN, is a type of short-term loan, the amount of which is based on your income. You would typically have to repay the loan within a few weeks (as soon as you receive your next paycheck). As the payday loan amount entirely depends on how much you earn, you must provide proof of income. 

What kind of documents can you provide? And can you qualify for a payday loan if you don’t have a pay stub? Keep reading to learn how to prove your income for a payday loan in Millington, TN

How Can I Verify My Income To Get A Payday Loan In Millington, TN?

Payday loans are unsecured, which means that you wouldn’t have to provide any form of collateral. However, you must show proof of income as the sum you qualify for depends on how much money you make. In a nutshell, the lender would give you a portion of the money you would be paid.

The most common type of document that you can provide to prove that you’re employed is a copy of your most recent paycheck. In some cases, you can screenshot the payment that you have received from your employer and send it to the lender as proof of income.

If, for some reason, you cannot provide a pay stub, you can use another source of income if you ask us first. You must also bring in a blank check from a checking account in your name. Remember that the recent bank activity must show that you have been receiving deposits from your employer. The lender will ensure that the stakes are regular; if that’s the case, you might get approved for the loan. 

Also, lenders can choose to contact your employer directly. The representative will call your employer and verify your income. Alternatively, you can request an employment verification letter beforehand and provide it to the lender as proof of payment.

woman thinking of payday loan in Millington, TN

Is There A Way To Prove Income If You’re Unemployed?

If you don’t have a job at the moment, that does not automatically mean that you won’t be able to qualify for a payday loan.

Though pay stubs and employer statements are preferred, as we said, you might prove your income with other verified documents showing that you’re receiving unemployment compensation, divorce benefits, pensions, or social security benefits.

What Is Required To Qualify For A Payday Loan In Millington, TN?

To get a payday loan from Tennessee Title Loans, Inc., you would have to provide the following:

  • State-issued I.D. or driver’s license
  • A blank check from an active checking account (the account has to be in your name)
  • Your most recent pay stub

If you have any questions about the required documents or want to find out if you can provide another document instead of a pay stub, contact the lender through the convenient online chat feature. You will instantly begin chatting with an actual person, not a robot. At Tennessee Title Loans, Inc, we welcome borrowers from all credit backgrounds to apply.

How To Apply For A Payday Loan

Tennessee Title Loans, Inc. offers online and regular payday loans. The only difference is that the application process for an online payday loan in Millington, TN, begins by filling out a short form on the website. All you would have to do is follow this step-by-step guide:

  1. Complete the online request form. This will allow our loan representatives to collect the basic information about you and then give you a call (make sure that the phone number that you have provided is active).
  2. Our helpful loan representative will contact you to verify the rest of the information and to set up an in-person appointment. If there is anything about the application process you find unclear, make sure to ask – our loan expert would be happy to answer all your questions.
  3. Once you arrive at the nearest store location in Tennessee, you can complete the loan process. Just ensure you have brought all the necessary documents with you.
  4. Our loan representative will quickly assess your documents and decide on the amount you qualify for. If you are eligible, you must sign a few papers and get the necessary cash that day or the following business day.

man with payday loan Millington, TN

Submit Your Online Inquiry Now!

Proving your income for a payday loan in Millington, TN, is easier than you might have thought. Simply showing your most recent pay stub would be enough. But if you’re currently unemployed, Tennessee Title Loans, Inc. might be able to use another form of income (as long as you have the necessary paperwork). If you submit your online inquiry form right now, you can get your hands on the much-needed cash the following business day or even today.

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

Mason Roberts

Mason Roberts is a seasoned economics writer and blogger with a knack for breaking down and simply communicating the ever-changing world of finance. He is philosophically committed to the premise that financial knowledge equals financial freedom.