What Do I Need to Get a Payday Loan in Kansas City?

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Get Payday Loan Kansas City

Payday loans are a great, fast financial solution to unexpected financial emergencies. About 12 million Americans use payday loans each year! Money ‘N Minutes in Kansas City offers both online and in-store payday loans so you can have access to quick, safe cash solutions.

But how do you qualify for a payday loan? Our loan experts at Money ‘N Minutes are here to break down the qualifications of our payday loans and what you’ll need in order to apply for a payday loan in Kansas City today:

Qualifications for a Payday Loan in Kansas City

Payday loan requirements are set by the U.S. government’s Consumer Financial Protection Bureau, or the CFPB. According to their regulations, a payday loan applicant must fulfill all the following requirements:

  • Be at least 18 years old.
  • Have an active checking account (not a credit card).
  • Provide proof of income.
  • Provide valid personal identification.

Proof of income can include disability, retirement, and self-employment along with employment.

There has been some debate about new rules and qualifications for payday loan applicants and payday lenders. The Obama administration passed a rule in 2017 that payday lenders must assess a borrower’s ability to repay a loan before authorizing the loan, and this rule was removed by the CFPB on July 7, 2020.

Other Resources Needed for Payday Loan Applicants

Along with meeting the qualifications for a payday loan, as listed above, there is more information that a payday loan applicant should gather, prior to filling out an application.

Ensure that you are ready to provide your current address, a working phone number, and your Social Security number. You will also need to list basic information about your employer (if applicable).

If you have any questions about the payday loan application or process, connect with one of our payday loan professionals today!

Payday Loans and Credit Checks

Payday loans are accessible to applicants with poor credit and do not require a credit check.

If our Kansas City customers meet the qualifications from the CFPB and have the required documents/information for their application, we at Money ‘N Minutes do not require a credit check.

Our loan providers understand that emergencies and other unexpected financial situations can affect anyone. That’s why we focus on providing fast, secure cash solutions to our customers so they can get money in minutes!

Get Fast Cash Solutions with Money ‘N Minutes Today!

Apply for a payday loan in Kansas City right from your phone or computer through the Money ‘N Minutes online application system! Fast cash solutions have gotten even faster with our online applications, and you can receive cash in your bank account instantly.

Connect with us today to learn more about our payday loan qualifications and application process. We are here to help you get the money you need with no hassle.

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