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Like with any loan, before you are approved for a payday loan your lender will carry out a series of checks to ensure that you will be able to repay your loan. 


Am I Eligible for a Payday Loan? 

Applying for a payday loan with Finger Finance is easy, there are just 4 key things you need to be eligible for your payday loan.

  1. You must be a US citizen
  2. You must be over the age of 18
  3. You must have a regular income of at least $800 a month (not necessarily from employment)
  4. You must have a checking account


When you apply for a payday loan with Finger Finance, you will be asked to provide some basic personal details including; your address; to prove that you are a US citizen, your date of birth; to prove you are over the age of 18 and your bank details; to prove that you have a checking account and that your receipt of at least $800 a month. You can apply for a payday loan today; our application process takes less than 5-minutes making it one of the quickest ways to borrow money.




Credit Checks for a Payday Loan

Like any responsible lender, Finger Finance carries out credit checks before approving loans to customers. A credit check is an automatic part of the application process and involves the lender using an agency to access your financial details, including history and current commitments. You can find out more about how a credit check works here.

Although a credit check is a large part of the checks involved in being approved for a payday loan, a bad credit score does not necessarily mean you won’t receive a payday loan. With Finger Finance all credit scores, including poor credit credit scores, are considered.


Will my Credit Score Affect my Ability to get a Payday Loan?

You don’t need to worry about your credit score, with a payday loan a poor credit score will not affect your chances of securing a loan. Furthermore,  applying for a payday loan with Finger Finance is completely free and will not affect your credit score.


Why are Checks Carried out for a Payday Loan?

Like any loan, entering into a payday loan is a big financial responsibility. As a responsible lender Finger Finance has a duty to its customers to ensure that they can reasonably afford a loan.

We carry out these checks to ensure that everyone who borrows money for the payday loan will be able to repay it. Failing to repay your payday loan could result in  a worsening credit score, wage garnishment or even a lawsuit. For this reason it is important to carry out thorough checks on our customers.


How Long do Checks Take with Finger Finance?

Because our application process is completely online, and credit checks are built in automatically as part of our application process, we are able to give our customers an instant decision on their loan. This means you will not have to wait to know if you are eligible for a loan with us.

Our instant online checks mean that applying only takes 5 minutes and you will be approved instantly. Once you have been approved for a payday loan with Finger Finance your money will be in your account in one lump sum the same day you are approved.

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Charlotte Diffey

Charlotte is an expert writer with lots of experience in the financial world. Read her articles for useful guides on payday loans and advice on how to boost your savings.

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