Applying does NOT affect your FICO® credit score!
Payday loans have a high rate of approval but are not guaranteed! So like the majority, if you want to know that are there any guaranteed payday loans?
The answer is ‘No,’ there is no such thing as a guaranteed payday loan. All loans are based on lending criteria. The primary criterion used for approval of payday loans is your ability to repay the loan. This means you have a job and have been in it at least 3 months but preferably 6 months or longer.
No, they do not. Bad credit payday loans have a good approval percentage (more than half of those you request a loan), but there is no guaranteed approval from any lender. Lenders who guarantee approval should be avoided as this may be a scam, but it is misleading at the very least.
Again, approval for a payday loan is never guaranteed. Having a higher credit score can help, but many lenders do not even check your credit score. They do verify your employment and length of it. They also check other data to assure that you can and will repay the loan. Remember, payday loans are typically repaid on your next pay date. So, they are emergency, short term loans and should only be used for real cash crunches.
Eligibility for any type of loan varies depending on the applicant and the data you submit on your loan request form. Since there are no guaranteed loans for bad credit the best policy is to provide accurate data and only apply to one source, e.g. FaaastCash.com
Why you may not know but when you apply to more than one lender or referral source (like FaaastCash) you will be disqualified automatically by the second lender or any others. That’s why it is best to use a referral service where your loan will be seen by over 100+ lenders from your single request. Your odds of approval are much higher. FaaastCash has an approval rate of more than 80% of its applicants.
No, they do not. As noted above, there are no guaranteed approval loans for bad credit or for any reason. But, having bad credit does not disqualify you from applying and getting a bad credit payday loan. Millions of people each year, who have bad credit, get approved for emergency payday loans
First, only apply to one place. This is usually online, and you get exposure to more lenders, it is faster, and you don’t have to drive around to find a storefront lender. Also, it is easy and secure. Second, do not misrepresent any of your information. Be accurate, if you lie almost every lender will find out and disqualify you for misleading them (even if they would have approved you otherwise). Third, use a referral service like FaaastCash, so your loan request is shown to over 100 lenders which increases your chances of approval.
Also, applying on weekdays is better. Some lenders have fewer people working on weekends and holidays, or they even work fewer hours. If you are in a real emergency on the weekend you can apply. If you are not approved then reapply on a weekday, you may be approved, even if rejected on the weekend as more lenders are available to see your request.