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How to Qualify for a Cash Advance Loan

Getting a cash advance loan is easy if you can push past the crowds. By knowing what lenders want, you can speed up the process and get cash in as little as one day.

1. Are you the right age?

You must be at least 18 years old to enter into contracts and borrow credit by yourself. Whether you take out a short-term payday loan, installment loan, mortgage, or line of credit, you must be at least the age of majority in your state.

2. Do you live in the right area?

Different states and countries have different rules about borrowing on high interest terms. When you work with Trust Cash Loans, you must first be a citizen or permanent resident of the United States or Canada. Green cards are ok. Then you must live in a state that allows unsecured personal loan activity. TCL’s lending network currently works with residents of these states*:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

*Laws change regularly. Check with your lender first to see if a loan is available in your area.

If you are a resident of New York, Vermont, Connecticut, West Virginia, Arkansas, or South Dakota, you may request financial help from other sources. Local credit unions, traditional banks, and online charities may be able to help you out. Military members are not eligible for payday loans in any state.

Alternative financing companies do not discriminate based on your neighborhood or personal demographics. They use the information you provide to determine your credit risk profile and ability to pay back debts.

3. Do you have the right income?

When reviewing an application, lenders look at your gross income, which is the amount you earn before taxes are taken out. In most cases, you must earn at least $800 per month to qualify for a small cash loan.

To borrow responsibly, you must be able to repay your paycheck loan plus meet your other debt obligations. Lenders try to limit borrowing so that you can still afford housing, food, regular expenses, and other debts. They rely on you, however, to know when you can borrow comfortably and when you are stretched thin. Always be honest on your online payday loan application so that both you and the lender can make good decisions.

4. Have you filled out the right paperwork?

You cannot get a loan until you fill out an application. Off of, your first step is to put some details in a short inquiry form. Your information is then sent through the network of more than 100 lenders to search for a good match.

The questions are easy and straightforward. You need to know:

  • How much you need ($100 to $1000)*
  • Your contact information, including a valid email address and phone number
  • Your state-issued ID or driver’s license number to verify your identity
  • Your monthly income
  • Your checking account information for deposits and payments
  • Additional information as determined by the lending company

*Payday loans are available up to $1,000. Higher amounts may qualify for an installment loan.

The process is quick. During regular business hours, you can start seeing results in as little as 15 minutes. Be sure to fill out a real email address, as this is where most of your loan correspondence will be sent. You will also need to enter a valid phone number so customer service representatives can call you with paperwork questions.

5. Do you understand what you’re borrowing?

Unsecured paycheck loans are debts that must be repaid, just like credit card bills and mortgages. When you pay the money back as agreed, you may improve your credit score and qualify for higher loan amounts. If you default, you may lower your score and/or decrease your chances of borrowing again.

TCL’s lending partners offer high-interest loans not available in traditional markets. You may get lower rates through credit unions, brick-and-mortar banks, credit card cash advances, home equity lines of credit, or other means.


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