The term “guaranteed approval loans” is used in most ads on the Internet. Each website has its own perception of this concept. Some guarantee loan approvals, guarantee no credit checks and others guaranteed fast decision for a loan request. But how real is that?

The only thing personal loan lenders can truly guarantee is a quick response to a loan request when one needs emergency cash. This is what everybody should mean by guaranteed personal loans.

Why Do People Need Guaranteed Approval Loans For Bad Credit?

When advertising guaranteed loans, online services focus on promising the borrower the emergency money he or she needs. People fall for these ads and desperately give their personal details. To get the money without difficulty, applicants should focus on the following things:

1. The direct lender offer an instant response and not instant cash advances.

2. The lending company doesn’t advertise no credit check loans and performs a soft pull of your credit without hurting it. It focuses on one’s monthly income rather than credit score. Nevertheless, make sure to work with your credit score trying to improve it. This will always increase chances of approval for financing with lower interest rates and with longer repayment periods.

3. The lender offers a transparent application process with transparent fees and conditions.

4. The lending business has a license in the state where the borrower applies. Make sure to check if payday lenders have a legal status in the state you reside.

What Types Of Financing Can One Get Instead Of Guaranteed Approval Loans?

We offer personal loans, installment loans, bad credit loans, payday loans or cash advances. These are all online unsecured loans but their interest rates (APR), fees, amounts and repayment terms differ. The loan amounts range from $100 to $10,000 and $35,000, and the term from several weeks to up to 5 years. On the contrary, title loans are secured, have a short term of a few months, and the collateral is always your car.

When Do People Look For Guaranteed Loans?

A person might need to take such a short-term loan when they have a bad credit history or no credit history at all. Usually, such customers are declined for traditional credit options from banks or credit unions. They often face urgent bills, emergency expenses or unplanned purchases that can’t wait several weeks for loan approval. If an individual has no other means for getting extra cash from friends, family, colleagues or credit card, such a small unsecured bad credit loan can be an option to consider. The big benefits of this type of financing is that one can apply 24/7, get the immediate lending decision and receive the money on the bank account on the same or next business day.

When Borrowing Money Is Not A Good Idea?

There are cases when no one should take a loan. Borrowing for luxury items, like the latest model cell phone, new car or other things that are not urgent, is a bad idea. Taking out short term cash advance for the wrong reasons is a sign of irresponsible borrowing and borrowers should have a justified reason for borrowing money. Also, all borrowers must check their ability to repay the credit before they borrow, as payday loans carry high interest rates and monthly payments! Don’t fall into debt traps and be financially responsible.

What If I Have Bad Credit Score?

Many people wonder if they need good credit to get a loan online. Direct lenders usually focus on people’s monthly income rather than on a good credit score. They perform a soft credit pull with alternative credit bureaus to find out more about the borrower’s financial profile. This type of credit checks will not hurt the FICO score, so borrowers with bad credit score can apply safely and can be approved for a short-term loan they need! Apply today and get the money if approved as soon as on the next business day.

How to protect from payday loan scams?

Predatory lending is typical in the money world. To minimize the risk of being a victim of predatory lending companies, borrowers should avoid online websites claiming:

How to Get a Loan? Apply!

The application process is easy at DirectLoansLenders and the eligibility requirements for getting a loan are minimal. When an emergency happens, borrowers can fill out the online application from home or office. When you apply for a payday loan, the following information is necessary: Name, email address, phone number, ID or driving license, bank checking account number and income details. A lender may ask for extra information if the application form has been filled-in incompletely, so we advise filling in the form carefully and answering all questions.

Once the loan request is approved, the customers receive the money within one business day through a bank transfer. Make sure to check the loan amount, interest rate, loan terms and fees. Pay your cash advance on time to avoid higher extra fees.