Question Trader

If you have applied for a payday advance recently and been denied, there could be several reasons impacting your chance of approval.

First off, if you have multiple or even one payday loan open, at the time you apply, you will first want to pay that one off before most lenders will extend you another one. Regardless of what you may hear, payday lender do keep track of open payday loans through companies like Teletrack or CL Verify

Second make sure the money you are requesting isn’t more than half of what you make in a payment cycle. So if you get paid $1,ooo every two-weeks you most likely won’t be approved for any amounts over $500.

Three apply early in the day. A ,ot of payday advance sites are lead aggregators, meaning they are only there to collect your info and get you to the place you need to be. They never charge you for their service but do charge the company a commission or lead generating fee. Why this relates to the payday advance customer is because, payday lenders have a pre-determined cap of what they are going to lend that day. The earlier you apply EQUALS a better chance at approval.

For more tips on how to get approved for a payday advance