BMG Money Qualification Checklist
To qualify for a BMG Money allotment loan, you must meet all of the following requirements. Check each box that applies to you:
Must work for a federal agency, USPS, partner school district, partner hospital, or qualifying company. Or receive pension income from a qualifying federal or partner retirement program. Search your employer.
You must live in one of the 33+ states where BMG Money is licensed. Your state of residence — not employment — determines eligibility. Check your state.
You must be at least 18 years of age. No upper age limit.
Your paycheck (or pension) must have enough disposable income — after all existing deductions — to accommodate the new loan payment. BMG Money calculates this during underwriting.
A US bank account is required for loan disbursement. The account must be in your name and capable of receiving ACH transfers.
Required for identity verification and employment confirmation. BMG Money does not use this to pull a FICO credit report.
Active-duty military personnel are not eligible. However, civilian DoD employees, military retirees, and military dependents who are federal civilian employees may qualify.
An open Chapter 7 or Chapter 13 bankruptcy filing generally disqualifies applicants. A discharged bankruptcy (completed) does not automatically disqualify you, as BMG Money does not use FICO scores.
Income Documentation
BMG Money's application is primarily automated — the system verifies your employment directly with your employer or payroll processor. However, in some cases, you may be asked to provide:
- A recent pay stub (last 30 days) showing your gross and net pay
- For retirees: a recent OPM, DFAS, or employer pension statement
- Government-issued ID (driver's license or passport)
- Voided check or bank account verification for ACH setup
Most applications are processed without requiring these documents, thanks to real-time employment verification. They are requested only when automated verification is incomplete.
Partner Employer Verification
When you apply, BMG Money verifies your employment through one of several methods:
- Federal employees: Verification through federal payroll systems (DFAS, NFC, or agency HR records)
- USPS employees: Verification through USPS HR database
- Partner company employees: Verification through the employer's HR or payroll system via the LoansAtWork portal
- Retirees: Verification through OPM, DFAS, or employer pension records
Available States — Full List
BMG Money is currently available in the following states and Washington DC:
Not available in: AK, CT, ME, ND, NV, SD, VT, WV, and WY. State availability may change — verify at bmgmoneyapp.com/states or bmgmoney.com.
If You're Rejected — 5 Next Steps
- Verify your employer is listed: Use the Employer Search to confirm your specific employer participates. If not, ask your HR department to enroll in the LoansAtWork program.
- Check your disposable income: If your paycheck is heavily loaded with existing deductions, there may not be room for the new payment. Consider a shorter loan amount with a smaller payment, or wait until an existing deduction ends.
- Verify your state: Confirm you're applying from an eligible state. If you recently moved, update your address.
- Contact BMG Money directly: Call or email their customer service to understand the specific reason for rejection. Some denials can be reversed with additional documentation.
- Consider alternatives: If BMG Money isn't an option, explore alternative lenders such as OneMain Financial (secured loans), NetCredit, or your local credit union's emergency loan products.