Guaranteed payday loans
You can see that there are a number of people applying for payday loans who are in such emergency situations that they don't have time to go through the process of submitting paperwork and faxing documents. Besides they would also not like to go through the process of credit check. For such reasons people want safe and secure guaranteed payday loans. The guaranteed payday loans have the same eligibility and payment criteria as the other types of payday loans. The only difference is that no matter how your credit score is and you are unable to provide documents your payday loan is guaranteed by the lender.
Eligibility for guaranteed payday loans:
When applying for guaranteed payday loans you are supposed to fulfill the following criteria so that you can be eligible for the loan:
You should be above 18 years of age
You should have a regular source of monthly income of about $1000
You should have a bank checking account
You should have been employed in your present job for the past 6 months
You should have a landline contact number
You should have a permanent residential address
There are some lenders who have certain other qualifications. But the ones mentioned here are usually common for all the guaranteed payday loan lenders.
Considerations before applying for guaranteed payday loans:
Before applying for guaranteed payday loan it is important that you make sure that the state in which you reside allow the functioning of payday loan companies. There are a number of states that do not allow payday loan companies to function because of the increasing incidents of fraud. After this you should make sure that the lender whom you select for payday loans is authentic and has been functioning for quite some time. You should confirm this by checking the list of payday loan lenders with the Better Business Bureau. You should also make sure that there have no complaints been filed against the lender in the past.
Another important thing for consideration is that whether the website of the lender is secure or not. When you apply for payday loans you would be providing your private and confidential information. It is important that you confirm that the website is secure and there your information would not be leaked out.
Applying for guaranteed payday loan:
Applying for guaranteed payday loans is quite easy. The applications are made available online and you can easily have access to it on the website of the lender. When filling out the application you are required to provide details about your employment as well as personal details. It is important that you be careful and attentive when filling out the application so that everything is filled out correctly. It is important for you to verify all the information before submitting the application. Check that all information that is mandatory has been filled and there are no mistakes.
Once that you submit the application it goes to the database of the lender who then assess it and would either call or mail you. Within a few ours of applying you might get a verification call and you would have to verify the details. Once the verification is completed and your application is approved then you can have the money electronically deposited directly into your account within a few hours or by the next day.
Paying off the guaranteed payday loan:
It is important that you pay off your guaranteed payday loan as soon as possible. This is because of the fact that the interest rates on these loans are as high as $25 for every $100 that you borrow and if this amount gets accumulated it becomes difficult to pay it off.
These loans are supposed to be paid back on the next payday and usually the lender has the same electronic system set that as soon as your account gets the money the amount would get deducted. If you are not in a position to pay off the loan then you should inform your lender well in advance so that the amount does not get deducted.
Lenders for guaranteed payday loans:
My Payday Loan:
With this company you are not required to fax any documents and you can borrow an amount up to as much as $1,000. They require you to have a checking account that should be at least 90 days old and you should have been employed for the past 6 months. If your application is approved before 5p.m. on any of the working days then you can get the cash on the same day. They charge a fee of $25 for every $100 and your maximum term of payment is 14 days. You can fill out their online contact form to get more information.
Aero Advance:
They provide no fax cash advance loans up to $500 within 24 hours. You are required to login and enter the amount that you want and they would review your application. If approved then you are informed by e-mail. Their fee differs depending on certain conditions. You can check the details on their website or call them at 408-360-2889 or visit them at Customer Service; 6910 Santa Teresa Blvd; San Jose, CA 95119.
Sonic Cash Advance:
They provide you with guaranteed payday loans. Filling out their online application is simple and easy and their processing is also fast. You can borrow an amount of as much as $500 with their payday loan options.
Payday OK:
They provide guaranteed payday loans to their customers irrespective of their credit score and other issues. You can fill out their easy online application and have your money as soon as the next day in your account. You can contact them at Customer Support: (866) 612-4506 7am - 10pm (CST), Mon-Fri, 9am - 8pm Sat (CST).
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