It can be very difficult for people with bad credit to get approved for a loan through their bank, which is why so many have started seeking out private lenders. Guaranteed payday loans be it for £500 or £5,000 have helped many people to get the money they need to cover important expenses that are time sensitive. If you are in dire need of funds for whatever reason, you will find that one of these loans could help you out in a big way.
A lot of lenders advertise guaranteed payday loans, but you will need to know the details before filling out an application. When a lender offers these loans, it basically means that your credit isn’t an issue. There are still some minimum requirements that need to be met though, such as being over the age of 18 and having adequate income to pay back the loan on time. The “guaranteed” part of the loan refers to credit. A person’s credit is usually a big factor with getting approved for a loan, but that isn’t the case with these.
Representative Example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.
You will find that guaranteed payday loans are no different than regular payday loans when it comes to how you go about getting one. It will be necessary to first fill out an application with the lender you want to borrow from. This application will require you to submit certain details, such as your name, address, phone number, income, and other information. This is a standard part of getting any loan, and it doesn’t take very long at all. The main difference between guaranteed payday loans and regular ones is that a credit check is not performed.
Who can Benefit from Guaranteed Payday Loans?
Many people can benefit from getting a guaranteed payday loan, including:
Whether you need help with catching up on bills or you have some important expense that has suddenly come up, these loans can be of great help.
Because there are so many different lenders out there that offer guaranteed payday loans and cash loans, it is imperative that you take the time to find one you can trust. You will need to make a point of spending some time researching some of these lenders, because you don’t want to choose just any of them. A legitimate lender can provide you with a good deal on the loan you need, but ity will require some looking around.
A guaranteed payday loan can be acquired very quickly, partially because there is no credit check required. If you need cash fast to pay for some important expense, it is very important that you look into this borrowing option. You could get the money you need within 24 hours of applying for one of these loans. The best time to apply for a payday loan is early on in the week, so you will need to keep that in mind. The sooner you fill out an application, the sooner you can get the funds you need.
It might seem like guaranteed loans are too good to be true, but they are in fact offered by legitimate private lenders. You will still need to find a reputable lender, but many of them give out these loans on a daily basis.
At Omacl, we offer direct guaranteed payday loans that don’t require you to go through a third party. This means that you can get the cash advance you need quickly and efficiently without a long waiting period. We are proud of our ability to help out those with bad credit so they can get the funds they need to cover important life expenses. Our team of lending professionals makes this process as simple and easy as possible for the sake of convenience.