Payday Loan Applications

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 How Payday Loan Applications Work


Step 1

A consumer fills out an online form or faxes an application that requests personal information , bank account numbers, social security number, and signed paper work


Step 2


Borrower faxes copies of a check, a recent bank statement, and signed paper work.


Step 3


The  payday  lending company deposits the loan into the borrowers checking account


Step 4


On the borrowers next payday the  payday lending company electronically withdraws the loan payment or the finance charge form the borrowers checking account.