It is a short term advance lent against your pay.
It is believed that America has 23,000 payday lenders. These lenders have their stores where you can visit in person too. As Guaranteed Payday loan in itself announces urgency so the better option will be to borrow from online lenders.
While hunting for the guaranteed payday lender , consider the rate of interest charged and the fee. Though it is rare but not impossible to find a lender who gives you loan without charging interest for being your first business deal with him. If it happens then think that the lady luck favored you. How much amount can be borrowed? The range of amount for borrowing money is $10 to$1500. For how long can the money be borrowed? The money can be borrowed till the next payday. How much interest can be charged? Different lenders charge different interest, still it can vary from $10 to $30 per $100. Different states have different rate of interest, the government is regulating the rate of interest charged by lenders. What all is required to fill in the form? The borrower is required to fill personal and employment details along with the bank account number.
Once the details are filled, the lender checks them and sanctions you the required amount. How to repay? The money is withdrawn by the lender from your account on the day of your pay. It will include the principal amount borrowed plus interest in addition to the fee, charged for providing services.
Guaranteed– The word itself speaks all. This word attracts a lot as we live in the volatile world. Timely help– Assured financial help during financial crisis when you do not have any other alternative. It acts as rain to the parched financial stretch. No Credit History checked- Even if you have bad credit history, still a loan will not be denied. This loan acts as savior for the people who struggle through moving from one payday to the other. No Collateral required These days it is very difficult to own a house and other property. So it is beneficial; for those who don’t have such items to be used as collateral.
The person can avail it from anywhere , maybe from the room of the hospital while attending to his pregnant wife.
This facility can be accessed even in the middle of the night. The service providers are aware that emergency can strike anytime. It does not keep account of day or night.