It happened to us to be in the situation of needing some extra cash to cover some expenses before receiving the paycheck! But we are not the only ones – it happened practically to everyone we know. The COVID pandemic made things even worse. Many people focus on insecurity it brings for months to come. Hence, it is quite reasonable that many people end up needing some extra money for different things before they get a paycheck. In that situation, you can apply and get guaranteed approval for payday loans. Are you wondering how and where to apply? We consulted experts and compiled all of their answers and tips in this text.
Firstly, when we are talking about the concept of a guaranteed payday loan, we have to clarify some things. So let’s say that one of your friends told you about getting money from lenders this way and that it was super simple. Several months later, the water pipe in your home breaks, and you need to call a plumber urgently but don’t have any budget for emergencies. Then you remember your friend telling you about no credit check loans. You start searching online, and you notice that many lenders offer guaranteed loans even for people with bad credit. You apply thinking that you will surely get it. But then you get rejected! Why? It is because there isn’t such thing as a guaranteed loan. Lenders advertise themselves with these kinds of statements “We are offering bad credit payday loans with guaranteed approval! “ But in reality, there isn’t a person or a company that will give you money just like that! Indeed, many people with bad credit scores do get approved for payday loans. But this doesn’t mean anything is guaranteed.
Generally, applying for guaranteed payday loans from direct lenders is a fast and easy process. If you are wondering about eligibility, it is essential to say that there are no rules. Eligibility depends on the applicant and the data on the form. It will take only 5 minutes to fill out the form. Here are other documents that you need to provide when applying for guaranteed payday loans online.
People mainly wonder whether they can get a loan when they have a bad credit score. We all know that a bad credit score won’t get us instant approval payday loans in the bank. But when people see that payday loans are guaranteed, they become more relaxed and convinced that lenders aren’t interested in their credit. It is partially true. As you have seen, there aren’t guaranteed payday loans, no matter what. Every lender will check your documents, etc., to see if they can approve the loan. Their interest is to gain money, not to lose it. Hence if they assess that you are not trustworthy, the loan will not be approved. But it is true that payday loan lenders don’t care about your credit history. They are more interested in your ability to pay back the money they lent to you within the agreed deadline. Hence they check your employment status and your income. Also, even if they perform a check, usually it is a soft credit check.
Now, when we establish that there is no such thing as a guaranteed payday loan, it is time to see whether there is an alternative. In general, the best alternative is not to borrow money at all. However, we know that this is easier said than done, so we are going to mention some alternatives to payday loans.
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People tend to get overwhelmed by the number o options, and they start applying in different places. That is not advisable. When you want to increase your chances of getting guaranteed payday loans, you should apply only in one place online. You will anyway have access to various lenders. Also, provide accurate information. Keep in mind that lenders check your income and employment status as well as other data. First, there is no need to lie. And second, even if you do, it will not do you any good. Also, use referral services because many lenders see your request, which will increase your chances of approval. Also, bear in mind that the best is to apply on weekdays. Many lenders have fewer employees working on weekends and holidays. Some don’t work at all.
Applying does NOT affect your credit score!
No credit check to apply.