Almost anyone can qualify for payday alternative loans in Boise. However, there are a few details to consider. Here is a quick look at the qualifications for a payday alternative loan.
You Need Steady Income
One of the main considerations for qualifying for a payday alternative loan is whether you have a steady income. Providing proof of your income is often necessary, as the loan provider needs to ensure that you can pay back your loan. Paystubs or bank statements can provide proof of income.
Fortunately, many loan providers offer flexible installment plans. For example, Idaho Finance allows you to establish an installment plan that fits your specific budget. Even if you have bad credit, you can typically qualify for a loan.
You Need Proof Of Residence
You must provide proof that you are a resident of the area where you intend to obtain the loan. This creates less risk for the lender. In most cases, you can provide proof of your residence with a utility bill or vehicle registration.
You Need To Verify Your Identity
A state-issued photo ID is needed to verify your identity. Other forms of identification, such as a social security card, are typically not sufficient for verifying identification.
Some lenders may also require references. For example, you may need to provide the name, phone number, and address of up to five individual references.
It’s that easy to qualify for payday alternative loans in Boise. You can even apply online. You do not need good credit or even a bank account. As long as you have a steady income and proof of your residency, you can get fast cash to cover your expenses.