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What are the requirement for obtaining a Payday Loan with 300Cash.com, Inc.?
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LOAN QUALIFICATION
REQUIREMENTS
In order to
qualify for a loan, you must meet ALL of the following 11 requirements:
1. You
must be at least 18 years of age.
2. You
must earn at least $1200.00 per month.
3. You
must be currently employed and have worked at the same job for at least 6
months.
4.
Prior to giving you a loan, we will contact your current listed employer and ask
them to honor a Wage Assignment Agreement. This is an agreement by your employer
to garnish your wages to repay the loan (plus any fees and penalties) should you
fail to pay. This would authorize your employer to take money directly from your
paycheck prior to paying you should you default on your loan. Should your
employer not agree to a Wage Assignment Agreement, your application will be
declined.
5. The company you work for must be
listed in any of several resources as a bonafide, formal organization, or your
application will be declined. For example, we use directories like Hoover 's,
D&B, Manta and Google searches to verify the employer is legitimate.
6. You must be reachable at work
during local work hours. We will make at least 2 attempts to reach the main company phone number operator or receptionist
that you have provided on your application, to verify your
identity and to confirm your authorizations. If you are unreachable, and don't
return our calls within 2 weeks, or if the operator cannot identify your
employment, your application will be declined.
7. The application must contain
valid contact / information. We will call the contact phone numbers. Should your
listed number be incorrect or disconnected or your application contain invalid or
incorrect information, your application will be declined.
8. Your
application must contain a valid Social Security Number.
9. The
provided Social Security Number must match your employment records.
10. The bank account information
provided must be valid for both EFT deposits and EFT debits.
11. The signature on
the application must match the name on the application.
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