WHAT EXACTLY GUARANTEED PAYDAY LOANS ARE?
As its name suggests an assurance of the payday loan is there doesn’t matter what else is. Many times, we have bit financial problems at the end of the month and suddenly you have to pay an unexpected bill of a health clinic or need to pay fees of your child. And it happens many times when your friends or relatives are also unable to help you.
But no need to take tension at all, because at the end you have one choice and that is guaranteed payday loans. In this, you don’t need to worry about any long process. In just a few clicks you can get a loan within a day.
Advance cash is also one of the names of payday loans. These are not paid in installments but you need to pay the whole amount in a single payment. If we talk about traditional loans then it’s very different from payday loans in terms of rate and repays period.
THERE ARE SO MANY THINGS THAT YOU NEED TO BE AWARE OF, FOR THE GUARANTEED PAYDAY LOANS.
- It varies to state that how much maximum amount you can borrow (some states offer not more than $1000 or few states provide you the maximum $500)
- You must take care that you shouldn’t take loans frequently because it can result in worse condition.
- Rate of interest and other charges are a bit higher than loans taken from banks.
Guaranteed payday loans no matter what has the main motive to keep you away from all the worries about financial crises. As sometimes you need money at the same time but traditional loans don’t provide loans on the same day but payday loan does.
Yes, it’s the warranty of these loans to provide you money within 24 hours to resolve your problem on time.
In past, you need to submit various documents for the loan which took a lot of time for approval and also there was no guarantee of that but now with a guaranteed payday loan, it’s all possible to get a very quick loan by just fill the application online and wait for 1 hour for approval.
No credit check is done by the lender as in previous loans. Because in today’s era, most people face difficulty to manage their budget and get failed to manage credit scores as well but it doesn’t mean that they will not pay their debt. So, to help those netizens, these guaranteed payday loans doing great help.
Once, my friend told me that he was in a great problem and needed to pay the rent of his apartment but didn’t have enough funds due to his job issue. His employer didn’t pay him that month. He asked me for some money but I also don’t have at that time. The only option left was to borrow money from his parents however, he did not want to.
Other traditional loans or personal loans wouldn’t help him because he had a bad credit history. Then I told him about guaranteed payday loans, which requires very little documentation and lend money on the same day. So, he thoroughly read about this loan as there were so many questions in his mind like How he can get this loan? What is the maximum limit for that? What docs did he need to apply? Which lender is good according to his requirements? And the most important, what is the rate of interest and time limit gave to him?
- These are very common questions that every new customer has. So, firstly, you need to be legal to take a loan that means you must be 18+.
- Then, you must be the citizen of the US and you can take a loan only from your state lenders.
- You must have details of your earnings as the lender wants that you must have some stable source of income so that they can trust you.
After checking eligibility, you need to check the lender who can meet your requirements. Like, my friend didn’t prefer to refund the whole amount at one time. So, he searched about so many lenders in the state and selected a few of them who were ready to provide him a good plan for refunding including installments. That is why exploring is a must.
But you need to keep in your mind that, more installment plan you’ll take, more charges you need to pay (so try to take less time to repay your debt)
And by doing this you can improve your scores of credits also, which can help you in the future for taking a big loan.
From direct lender, you can get a guarantee for the approval of Payday loan, either you don’t have a good credit rating.
Because no intrusion is there of the third person and you’ll get money directly from the lender. Some lenders give you the warranty of providing cash in one hour no matter what credit history or a rating you have.
YOU MUST CHECK THE FOLLOWING THINGS WITH YOUR LENDER EITHER HE IS PROVIDING YOU OR NOT:
- You must ask your lender to keep your details private.
- Does your lender provide you customer service for 24*7?
- How fast that lender can give you money?
- Or are there any hidden charges?
- The lending of money should be safe.
- Lenders are direct or not?
Direct lenders are much better to take payday loans because from approval to cash all the work would be done by the same lender. And the benefit of this is that all work will be done in one place so the process would be faster. As we all know, single-handed work is always better and clear in all cases. Along with that, there would be no charges of the third party, which you can save from your side.
FROM DIRECT LENDERS, YOU CAN ALSO GET VARIOUS OFFERS IF YOU ARE A FREQUENT CUSTOMER OF THEM. AND ASK THEM ANY QUERY DIRECTLY WHICH WOULD NOT TAKE THE TIME TO RESOLVE.