Loans from 18 years - can an 18-year-old get a payday loan?
You are eighteen and wondering if you can get a payday loan? You urgently need cash to pay for an emergency, but don't know where to look? No worries! In the article below, we will help you find a payday loan for an 18-year-old and we will advise you on how to complete a loan application. Read and try our tips!
Payday loan for 18 years
Entering adulthood, we gain completely new opportunities - we can decide ourselves about our further education, place of residence or future profession, but there is also the other side of the coin: we become responsible for many matters. One of them is our finances. When we reach the age of majority, we must take care of our portfolio ourselves - control the income we achieve and the expenses we have to incur. There are times when we urgently need a larger amount. And here the question arises: do loan companies provide financial aid to 18-year-olds?
Can an 18-year-old get a payday loan?
If you are eighteen and considering applying for your first loan, you most likely are not yet creditworthy. This means that you have not taken anything in installments before, and your BIK is like a blank card - there are no positive or negative entries in it. The lender will see you in the same way - he will not be able to know what to expect from you; will you pay off your debt regularly or will you be delayed? This can be a real problem, thanks to which you will not get the payday loan you wanted. Before you decide to take out a loan, take care of your creditworthiness. We wrote about it here: how to increase your creditworthiness?
Where can an eighteen-year-old apply for a loan?
You are probably wondering which companies you can apply for a loan? Most companies have clearly defined conditions that must be met in order to obtain financial assistance from them. Let's take a look at them below:
- age - when looking for a loan for an eighteen-year-old, check the age requirements of the company,
- constant income - despite your young age, you must be aware that loan companies often require proof of income,
- bank account - when applying for a loan, be prepared for the fact that the company will require your account number. First, you may be asked to make a so-called a verification transfer that will allow the lender to collect information about you, and secondly - your loan will be paid to this account number (if you meet all the company's requirements),
- positive credit history - we have already written about creditworthiness. Only without negative entries in BIK , you can count on payday loans on good terms. Otherwise, you can check loans without BIK .
Few companies are able to offer loans to 18-year-olds without income certificates and without creditworthiness. However, if you meet their requirements, you can be sure that you will get payday loans on favorable terms. When applying for your first loan, you can get it completely free! In practice, this means that you will not incur any additional costs with timely repayment. Thanks to this, you will pay back exactly as much as you borrowed! Check what the first free loan is !Return