Since Social Security is a verifiable fixed income, cash advance loans are provided to Social Security recipients to help them deal with financial emergencies. If you have social security and can verify your fixed income, you are eligible for a payday loan.
The following steps can help you obtain a cash advance loan in case of a cash emergency:
1. Show proof of your income You must show proof of income to qualify for a cash advance loan. You must have a reliable source of income, because this guarantees the cash you will receive. You can show your Form 1099 as proof of income. Or you can requestSSA’s income certification letter. You must wait 10 days to receive this letter. If you want to receive the letter faster, you can contact SSA directly.
2. Collect your documents The cash advance loan lender will ask you to provide additional documents/information to determine if you are eligible for the loan. Other necessary documents may include:
3. Apply for a loan you canApply for a loan online. The application process is simple and quick. You only need to fill in the required information to submit the online application form. Once your information is verified by the lender and the loan application is approved, you will usually receive the loan amount on the next working day.
The following tips can help you when applying for a cash advance loan.
If you are using social insurance and need quick cash to handle your financial emergency, please contact us. We will help you connect to our vast network of trusted payday lenders.
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