Top 5 Reasons You Would Be Denied For a Payday Loan

November 15, 2011 · Filed Under cash advance, payday loan · Comment 

As a responsible payday lender, we don’t approve just anyone. Our website states that there is no credit check. So then you ask, “why would I be turned down for a loan?” We understand the reasons for your concern, and certainly hope that this helps. Here are the top 5 reasons our loan processors would deny your Spotya Payday Loan application:

  1. No Direct Deposit – Often times we will receive a bank statement that does not show payroll direct deposit from employers. Remember, direct deposit does not mean you take your paper check and go into a branch to deposit the funds.
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