A guaranteed approval payday loan is the best way to get out of a sticky financial situation. You may find yourself in a situation where you have to cough up a few hundred dollars to pay off some bills like electricity or rent. Your payday is still a few weeks away and you have no cash whatsoever to pay the bills. What will you do? You could borrow money from a relative or friend. You could take a bank loan which will take days to receive and months to repay. The only other way is to take a no fax guaranteed payday loan. Why Take A Payday Loan
The guaranteed approval cash advance is preferred by many because of many reasons. It is easy to apply for a payday loan. You just need to fill in some details like your employment status, current monthly income and your checking account number. Once that is done you can submit the form online. The approval is quick and you can have your approval within an hour and your cash within a day.
You do not need to have a perfect credit history to get a bad credit guaranteed payday loan. Since there is no credit check conducted, you can get a loan even if you have a history of bad credit. This feature makes it easier for more people to take payday loans.
Some companies may require you to fax papers like payment stubs before they approve your loan. Most companies however have a no fax policy and you can get an approval even without having to fax any papers to them. Short Term Solution
A guaranteed approval payday loan is perfect if you need a loan of a small amount of money. It is usually granted for amounts ranging from $100 to $1000. The loan period is short term as you have to repay the loan on your next payday. You can request for an extension of the loan but that is not a good idea as the fees for an extension is calculated on a daily basis. You may end up paying much more than you borrow.
In a personal unsecured guaranteed payday loan you need to be careful of the fees and interest rates attached to it. If you are careful you can save a lot of money by finding the company that charges the lowest fees and interest. Once you do that you will find that the guaranteed approval payday loan is the best solution for you.