All about Payday Loans What is a Payday Loan? Required Documentation Payday loan seekers Selecting a Loan Lender Are there disadvantages? Payday Loan procedures Impacts on your life How big of a loan? Tips for Payday Loans Who is qualified? Repaying Your Loan		qualifications for a payday loan   Perhaps you are considering a payday loan to help you with some short-term money problems. However, there are a few important things you should know to determine whether you are qualified to receive a payday loan.   Qualifications for a Payday Loan 1. You must currently have a job or receive regular income that can be verified. 2. You must make between $800 and $1200 per month, but this may vary between loan companies. 3. You must be at least 18 years of age and be a United States citizen. 4. You must have a valid checking account. 5. There are other requirements that may apply, depending on the loan company.   Even if you have dealt with bounced checks, charge-offs, bankruptcy, and other credit hassles in the past, these things will not prevent you from getting the payday loan you need.