Payday loans are instant loans, whose popularity is now really great. It results, among others, from an extremely shortened, simplified loan procedure. Many people ask whether it is possible to receive a payday loan, not by presenting an ID card, but by providing a driving license.
Identity cards are required by payday loans companies not only because of the number and series that must be included in the loan agreement, but also because it is a document confirming the age of the applicant for payday loans. It should be strongly emphasized that payday loans are granted only to adults. So if we do not present an ID card, no payday loan will be granted to us. Therefore, everyone who wants to borrow money must have an ID card.
Many people ask why an ID is needed to receive payday loans.
It should be clearly stated that the loan agreement cannot contain such data as the number and series of the ID card. Only then is the contract that has been signed a valid contract. Meanwhile, on other documents – be it on the driving license or passport – in vain to look for information on the number and series of ID cards. Therefore, the lack of an ID card means that no parabank will decide to lend us money.
When we do not have an ID card – whether as a result of losing it or waiting for a new one – unfortunately we will not be able to borrow money on the parabank. Parabanks accept only ID cards as proof of identity. With only a driving license, we will not be able to prove that we are us. Moreover, it must be remembered that the ID card must be a valid document. So if it has expired, no parabank will sign a loan agreement with us.
How to get a loan for the indebted?
Payday loans have a huge number of supporters. This is not surprising when we look at the advantages of this type of quick loans. Let’s see why it is worth to decide on payday loans and in what respects it exceeds traditional bank loans.
Speaking of payday loans, one cannot forget that in their case the credit decision is taken extremely quickly. Most parabanks that deal with providing payday loans make a credit decision within no more than an hour. Consequently, a person who needs money, who needs money is gaining it really quickly.
In most cases, parabanks that deal with payday loans do not expect a person who wants to borrow money to provide a certificate of employment and earnings. Thanks to this, payday loans are available for people working in black or employed under civil law contracts. In the case of banks granting loans, this simplified procedure is unfortunately not used. Therefore, many people do not have a small chance of getting a loan, even though repayment would not be a problem.
Payday loans are the minimum formalities that must be completed. As a result, borrowing money does not require spending a large amount of time to gather the necessary documents, fill out complex applications, etc. Everything is done very quickly and efficiently, which is a huge advantage of payday loans.
At what bank to take a loan without a certificate?
If you decide on a bank loan, you can be sure that your earnings certificate is among the documents you will need to provide. In the case of payday loans, which are given by so-called parabanks, this is not so obvious. The vast majority of loan companies do not expect their clients to present an income certificate. This is a sensational solution because it gives a chance for a loan to those who are employed illegally or have a junk contract, and thus have no way to document their income. No need to provide such a certificate is also a huge time saver.
Payday loans are a great solution for anyone in need of money, and at the same time who have no chance that the bank will grant them a loan. Instantaneous loans are associated – and rightly so – with instant credit decisions and formalities that have been severely limited. However, the question arises as to what payday loans can accept when it comes to the income of a potential borrower.
The vast majority of lenders do not require proof of income. The only document required to grant a payday payday is an ID card. On the other hand, there are often questions about the monthly income in the loan application. When completing such an application, you must carefully consider all sources of income that occur in our case. This is not only about remuneration for work performed, but also about the profit obtained from renting an apartment and the maintenance received every month. However, false information should not be included in the application. It should be remembered that the money lent to us must be given back sometime. If the amount we want to borrow is too high, we have to reckon with the fact that the parabank can expect to document its income. In many cases, however, it is enough to provide an account statement for the last few months.