Even if the payday loan lenders do not have too strict terms and conditions, there is an important requirement that has to be achieved.  The Payday Loan borrowers have to be employed.  What does this signify?  Well, you do not have a stable job, you can forget about applying for a payday loan.  These providers closely verify your monthly source of income because they want to be sure that you do not fail to make the monthly payment on time.  The payday loan applicants have to earn at least $1000 every month.  In case they do not make this amount, they will get rejected.  There are no exceptions.

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