If you have no other options, it can be hard to find a way to get cash quickly. Sometimes it's also because they only need a small amount of money and don't want to fill out all the paperwork for a single loan. If you need a small loan to pay for a short-term expense, a guaranteed payday loan might be the best option for you.
What does a guaranteed payday loan look like?
Cash advance loans that have to be paid back quickly are called "guaranteed payday loans." When you need cash right away but don't get paid for a few days, these loans are a great way to get it. This type of loan is quick and easy to get from many lenders, as long as you meet the requirements.
Who can get a "guaranteed" payday loan?
As long as you qualify, it's easy to get fast approval for guaranteed payday loans. Check to see if you have these:
-a full time job or a regular income
-Monthly earnings of at least $1,000
-a savings account
-At least 18 years old
-You can't have more than one payday loan out.
How much can I expect to borrow from lenders?
The amount of the loan will depend on the lender, since some offer more than others. How much you get will also depend on how much you can pay back or how much money you make each month. Usually, you can get a guaranteed payday loan for as little as $100 and as much as $1,500, which is enough money to cover any financial need you might have.
Will my credit score affect whether or not I get a loan?
There are no credit checks done by lenders who offer guaranteed payday loans, so you don't have to worry if your credit isn't great. What will matter is whether or not you can pay back the loan and whether or not you have any unpaid payday loans from the past.
Lenders give out guaranteed payday loans in the form of unsecured loans. That means that the lenders take the risk, not the people who borrow money. Then, the lender has to make sure that the borrower won't back out of the deal to pay back the loan. That's why, if you've ever had a payday loan before, they will ask about your history with them. If you've taken out loans in the past and paid them back on time, you may be able to get a high loan amount, sometimes as much as $500 on your first application.
How do I find a lender who will give me a guaranteed payday loan?
There are a lot of places that will give you guaranteed payday loans, and many of them do business online. Many lenders offer loans that you can apply for online, which makes it easy to get a loan. But you should compare lenders because their rates are different. If you decide to do business with the same company again in the future, the annual percentage rate can save you a lot of money.
Before you choose a lender to work with, try to talk to at least three of them and compare their offers. You might be able to find a lender who can give you better rates. With a little bit of work, you can find the best deal and save a lot of money.
