MySilverSafe Requirements

Unlike traditional lenders, MySilverSafe has fewer requirements needed for you to be approved for a payday or cash advance loan. This gives you the additional flexibility that only a payday advance loan can offer. A loan from MySilverSafe allows you to deal with unexpected cash-flow emergencies when they happen.

Requirements for a payday loan:

  • You must have an open checking account with direct deposit.
  • You must be currently employed.
  • You must make at least $1,200 gross pay (prior to all taxes and deductions) per month.
  • You must be at least 23 years of age at the time of the application.

You will be denied for a payday loan if:

  • You have filed for bankruptcy within the past year, or have filed multiple times.
  • You are currently unemployed.
  • You have a newly opened checking account that is less than 30 days old.
  • Your monthly gross income is below $1,200.00 (Gross income is the amount you receive in your paycheck before all taxes and other deductions)
  • Your contact information/reference information is invalid.
  • We are unable to verify your personal information.
  • We are unable to verify your bank account information.
  • You are currently on active-duty military status.