Guaranteed payday loans no matter what is a short-term loan that you take out on the spot to pay your current debts, pay for a car or some other item you have been thinking about purchasing. It does not matter how many times you have borrowed money and received late payments, it will always be considered a payday loan and you will receive a letter of acceptance or denial.
The good news is that regardless of how bad your credit is, guaranteed payday loans are readily available to everyone. They can be used to help you through some tough times, but in order to obtain this type of loan, you must be approved by one of the direct lenders who specialize in these types of loans. Each lender will have their own set requirements so you must shop around and compare these requirements to find one lender that can give you the loan you need.
The first thing that you must do when you are trying to find the right lender is to shop around. Some of the better lenders may offer instant approvals, which means you can obtain the loan even before you have a chance to visit their office.
For people with bad credit or no credit at all, this is especially important. If you are trying to obtain a loan through one of these lenders, it is essential to provide some sort of financial documentation, such as bank statements or tax returns. This can make the difference between getting approved or being turned down. Also be prepared to provide proof of income, such as pay stubs.
When you are trying to find guaranteed payday loans no matter what type, it is important that you understand how this type of loan works. Typically, you will be asked to furnish a copy of your most recent paycheck stub. If you have been working for someone else or you have lost your job, this is normally sufficient to receive a loan. If you do not have a paycheck, some lenders may ask you to provide them with a letter of employment from a previous job, which will often be sufficient.
Once you have obtained approval, you will be required to meet with the lender and to show them that you need the money. You will need to prove that you are unable to pay the debt you have and that there is no other way to pay it off. If you fail to do so, the lender can foreclose on the vehicle or other item you purchased and sell it.
These types of loans can be very convenient, because they come with relatively low interest rates. In some cases, you may even qualify for a lower rate than you would receive if you applied to a bank or other lender, because the lender has more experience.
The best way to get a guaranteed payday loan no matter what type is to shop around and find the best lender for the type of loan you need. Compare each lender and then choose the one that offers you the lowest interest rate. Once you have found one, you can apply for the loan using any of the four methods outlined above.
Be sure that you provide the lender with all of the information necessary in order to obtain your loan without a credit check. Many lenders will require a copy of your paycheck stub, but others may allow you to fax your income tax returns or bank statements, which may allow you to qualify for a lower interest rate.
Do not take the first loan that you are offered, even if it seems like the best deal out there. since there are many different lenders to choose from. Do some comparison shopping to see what lenders are willing to offer you better rates.
In most cases, if you have bad credit, there is an opportunity to obtain a loan even if you are unable to qualify for traditional lenders. If you have some credit in good standing, you may even be able to secure a bad credit loan that is guaranteed to you.