Simply put, anyone with a job qualifies for a payday loan. To get one of these fast cash loans, most payday lenders require an applicant to have a checking account and verifiable employment. Some payday lenders require additional collateral, such as the title or registration to the borrower's car. Most payday lenders do not run credit checks on applicants, but they do use database companies such as TeleCheck Recovery Services or ChexSystems to screen out risky borrowers who have a history of bouncing checks.

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