who can apply for pay day loans

It is vital you dedicate some time to locate the different sources of information available online to understand different aspects linked to the different types of loans. This helps you understand the loans in a better way thus allowing you to make better decisions linked to the loans, always consider approaching a suitable loan company well in advance to ensure you get the best services and within time. Since loan companies allow a person to apply for a loan once they are above the age of 18 years you should consider consulting them as soon as possible and have you loans applications processed. On reading the terms and conditions on websites like Mobiloans you soon realize there are no major restrictions linked to the age as long as a person has a firm source of income. But you will also notice that the companies will prefer people to be above the age of 22 years since they will be more capable of repaying the loans as they will have secure jobs and sources of income. There is also no upper age limit linked to borrowing loans as long as you can furnish the required income sources.
Most loan companies will require you to provide them with your bank statements for the past 6 months which they check to see how capable you are of repaying the loans. They assess your income and expenses to determine if you can afford to borrow and repay the loans. With loans getting easier to borrow it has become vital you consider the repayment more carefully to avoid complications linked to failed repayment. Failing to repay a payday loan attracts huge interest rates and fines so make 100% sure you are capable of repaying the loans before committing to the loan company thus securing the risk or not paying the loans and getting affected by compound interest.