There’s nothing like a guaranteed payday loan to meet your emergency financial needs between paydays. It could be a medical emergency or an urgent repair to the house or vehicle. But when you need cash immediately and not in a week’s time, you’re advised to request for a payday loan that can be acquired from one of the many loan lending sites found online. All employees getting a salary of more than $1000 a month can apply for this loan if they’re above the age of 18 and are a citizen of the country. They must also have a checking account which is only way the lender will be able to recover the money in case the borrower defaults payment.
The application process is easy and quick if you do it online. After selecting a suitable lender by going through as many lending sites as possible to check rates and fees, you can submit your application online and wait for approval which will usually be given within minutes.
If you’re faced with money shortages and unable to pay your bills or attend to other urgent matters, you can always make use of payday loans with guaranteed approval to sort out your short term financial problems. The greatest advantage of the payday loan is that you’re ninety nine percent sure of the loan being approved provided you’re a citizen of the country, 18 years of age or above and holding a steady job with an income of around $1000 a month. You should also have an active checking account in a bank for the loan to be approved. You don’t have to fax any documents or worry about your credit level because none of these affect the payday loan system.
Applying for a loan is very simple and more so if you do it online. You can visit any one of the websites that provide payday loans to those who’re eligible and submit the application. Approval is almost immediate and you should have the money deposited in your account before the end of the day.
As everyone is aware, having a good credit score reflects well when applying for a loan and makes the process much easier. Having bad credit can make it very difficult to get a traditional loan; but no so when it comes to a payday loan. These particular loans are based on the salary scale of the applicant and anyone who is reasonably well employed and gets a minimum salary of $1000 a month will have no problem in getting his loan approved. Even bad credit loans have guaranteed approval for those who are citizens of the country and gainfully employed.
Having an active checking account is another requirement considered important by the lender because it is this account he will have to fall back to in case the borrower defaults payment. A payday loan lender does not usually ask for any collateral against the loan and if you’re unable to settle it on time, he will make arrangements to get his money back by debiting your account with the full loan amount plus interest and other fees.