Payday Loans can help you through real emergencies. If you find it difficult to obtain one, you should find a direct lender who will ease out the process to give you guaranteed payday loans. It can also help reduce the risk of fraud from a predatory lender.
Once you find a reputable direct lender, you can get started on getting the money you need to make it to your next payday.
Step 1: Fill out the Application
The application process for guaranteed payday loans is quick. You should be able to complete your application in less than 15 minutes. As they can be done online, you don’t have to worry about keeping track of the paper or keeping your personal information safe. Like any other payday loan, you only need to provide basic personal information.
Step 2: Get the Approval
The approval process for a guaranteed payday loan is remarkably fast, so you know if you are approved soon after you submit your application. Typically the process can be completed in about an hour, so you will know the same day if you are approved and for how much. If you prefer to submit your application over the phone, you can get the results before you hang up.
Once you are approved, the money can be deposited directly into your account within 24 hours. That way you can start taking care of the bills and emergency expenses without having to worry about when you will have the money.
Step 3: Know the Interest Rate
The interest rate for guaranteed payday loans does not compound daily like it does for other payday lenders. Instead, interest is paid only on the principal amount, so you know exactly how much you will be charged. This makes it a lot easier to plan for paying the loan back, while still being able to pay your other bills.
When you are already having financial trouble, you don’t need another variable, like compound interest, to make it difficult to know what the final cost will be.