Many borrowers often wonder if they can get 100% guaranteed approval for online payday loans with no credit check. Though Payday Loans are very easily and quickly provided to eligible applicants, not everyone can qualify for the necessary amount. Lenders can’t afford to lend money absolutely to everyone. They must consider risks and check the creditworthiness of a potential borrower.
That’s why they provide loans only to those who meet certain eligibility criteria. The first and main requirement is the applicant’s ability to repay the loan. You need to bring proof of employment and regular income to let the lender know he’ll get his money back.
Are there any Guaranteed Payday Loans for bad credit?
Actually, we can’t say that any borrower with a poor credit is sure to get the money. However, bad credit payday loans have very good approval rates and anyone can qualify for a guaranteed loan no matter what their credit is. Though, interest rates may be rather high as the way to make up for the lenders’ risks.
Guaranteed Payday Loans No Matter What Your Credit Score Is
As we’ve already stated, guaranteed Payday Loans don’t exist. But your credit score can lower or increase the chances of getting approved. The higher credit score is, the better loans and their rates can be offered to you.
Still, you can find lenders that do no credit check and offer Payday Loans on the basis of your employment and income.
How to qualify for Guaranteed Payday Loans?
Every lender has different eligibility criteria. But the basic requirements for guaranteed Payday Loans are:
- Residence of the state where you apply for a loan
- Age of 18+
- Active banking or checking account
- Valid contact details of your phone number and e-mail.
Besides, it’s recommended to apply through a referral service with instant access to multiple lenders. This way you prevent yourself from being disqualified from a Payday Loan.
How to raise the chances of getting Guaranteed Approval for a Payday Loan?
Apply to only one lender or connecting service. Multiple loan applications may disqualify you and damage your credit score. One loan request from a reputable lender is faster , easier and safer.
Provide only accurate information. Be honest with a lender.
Try to apply on a weekday when banks work. You’ll get more chances of having your loan request processed fast. Besides, you can receive the money the same day.
At the weekend you can look for special weekend Payday Loans for emergency expenses.
Why is Guaranteed Payday Loan No Matter What just a myth?
Lenders give unknown strangers money and naturally want to get it back. They can promise guaranteed approval but they must do some checks in order to make sure a borrower repays the loan. That’s why “guaranteed payday loans” are more like an advertising trick than reality.
However, we can’t but admit that Payday loans are really much faster and easier to get than other types of emergency funding available for bad credit.
Useful tips on how to Get Guaranteed Payday Loans No Matter What
- Choose direct lenders that provide Payday Loans for bad credit.
- Apply for a lender that offers no credit check Payday Loans.
- Provide proof of some source of regular income to ensure the lender that you can repay the loan.
- Look for online Payday Loan They are fast and easy.
If you follow the advice and apply for a fast bad credit Payday Loan from direct lender online, you are almost guaranteed to get instant approval and funding the same day.