Did you know that you can get a payday loan in Canada? Many people can have their money in their bank account within 24 hours. This can be a great solution if you need money fast.
A payday loan may be the right option if you’re looking for extra cash. This article will discuss how to get cash instant in Canada. Let’s get started.
Securing a Canada Payday Loan
1. Steady Income
It would help if you had a stable income to be approved for a payday loan. This is because lenders want to know that you can repay the loan. If you don’t have a steady income, likely, you won’t be approved for a loan.
2. Active Bank Account
Your bank account should be active and in good standing. The lending company will deposit the money into your account once approved for a loan. You may not get a loan if your account is inactive or poorly standing.
3. Canadian Citizen
You can apply for online payday loans Canada if you’re a Canadian citizen. Viva Payday Loans is a Canadian company that offers payday loans to Canadians. You can apply for a Viva Payday Loan online or over the phone. Viva Payday Loans is an excellent option if you need money fast. Viva Payday Loans is a safe and secure way to get the money you need quickly.
4. Bank Statements
Bank statements are one of the essential pieces of information that Viva Payday Loans will need to process your loan. Be sure to have at least three months of statements ready to provide to Viva Payday Loans. This will help Viva Payday Loans get a better understanding of your financial situation and will help them determine if a Canada payday loan is right for you.
5. Certain Credit Score Needs
there are specific credit score requirements to qualify for a Viva Payday Loan. A potential borrower must have a credit score of at least 600 to be approved for a loan. Viva Payday Loans is willing to work with borrowers with less than perfect credit but must have a steady income to qualify.
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6. Social-Insurance-Number (SIN)
An insurance cover is vital for every working individual. A Social-Insurance-Number is a 9 number you must deal with in Canada. Viva Payday Loans will use this number to deposit the amount of money you borrow into your bank account. The whole process is fast, convenient, and hassle-free.
7. Collateral Or Co-Signer
You should have some form of collateral or co-signer when you apply for a payday loan. Viva Payday Loans asks for a post-dated cheque or pre-authorized debit form as collateral.
The co-signer is usually a family member or friend who agrees to pay the loan if you can’t. Viva Payday Loans also requires that you have a job or regular income and asks for your three most recent pay stubs as proof.
8. Valid Government Issued Identification.
An identification card is essential because it’s the only way a lender can verify that you are who you say you are and that you’re over the legal borrowing age of 18. Be sure to bring a valid, government-issued ID when visiting a Viva Payday Loans location.
A payday loan can be helpful if you’re facing an unexpected expense or need a little extra cash to get through the month. Viva Payday Loans offers fast and convenient loans that can help you get the money you need quickly and easily in Canada.