Using the term guaranteed payday loans is almost redundant. Payday loans are almost always guaranteed for approval.
To have guaranteed approval for payday loans, you usually only have to meet a few simple requirements:
1. You are a citizen of the United States.
2. You are at least 18 years old.
3. You have some type of income.
4. You have a checking or savings account.
As long as you meet that list of criteria, your loan approval will be guaranteed with most lenders. If you don't have a bank account, some lenders may still be able to work with you.
If you are a person that has a banking account, it makes the process a lot easier for the payday lender. They can direct deposit the money in your account and then withdraw your payments automatically. They will often hide the fact that they will be withdrawing the payments because overall these guys are pretty shady.
Guaranteed payday loans should be used only in the case of an emergency. These loans usually carry insane interest rates and can be crippling to your financial stability. If there's any possible way to get a loan for a regular bank, we would highly recommend going that route. Payday loans often carry interest rates that are over 500% per annum.
External Resources:
Guaranteed Payday Loans
Payday Loans: No Fax No Hassle
Tuesday, November 25, 2008
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