Borrowing money should not be limited to those who have spotless credit. There are plenty of worthy borrowers out there, honest and hardworking individuals who need to borrow money for many purposes. Many individuals have bad credit due to circumstances beyond their control, such as job loss, or an illness or injury that prevented you from working and making payments to your creditors. If you are among those who normally get turned down when you need to borrow cash for emergency purposes, then you should take out a guaranteed online loan for those with bad credit.
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Borrow Up To $1500 Or More
A guaranteed online loan for bad credit is also known as a payday loan. Guaranteed online loans are very popular because of their ease of availability, nearly all borrowers can get one in amounts up to $1500 or more. The requirements are not strict, only that you have a job and an active checking account that is not in arrearage. There is no credit check, so all borrowers who meet these two requirements are approved, regardless of bad credit, bankruptcy, judgments, and more.
Money Until Payday
A guaranteed online loan for bad credit is a short term loan that is granted until your next payday, which might be up to a month from now. You provide your lender with your checking account information, and agree to have the amount that you borrow, plus interest and fees, deducted from your checking account on the due date of your guaranteed online loan. The simple process to apply for your guaranteed loan takes just moments to complete, and you can have your money deposited into your checking account in minutes.
Avoid Bounced Checks
Many folks who take out a guaranteed online loan do so to avoid bouncing checks with their bank due to non-sufficient funds. Bouncing a check with your bank can cost hundreds of dollars in fees to your bank and the merchant who accepted your check. The guaranteed online loan is a great alternative to paying these outrageous fees, and avoiding possible negative effects to your credit rating, and in some cases, being jailed!
It is important that you have enough funds to cover the guaranteed online loan when your lender makes the electronic deduction from your account on its due date. If, for any reason, you are unable to repay the loan on time, you need to contact your lender immediately. Your lender can possibly allow you to repay just the interest and fees, and make the deduction for the guaranteed online loan amount on your subsequent payday. Keep in mind that you will pay interest and fees again when the loan is actually debited from your account.
Because of the variety of lenders that offer these guaranteed online loans, there are usually special offers going on with various lenders for new borrowers or returning customers. Do a bit of comparison shopping to find the lender who can give you the best rates and lowest fees on your guaranteed online loan.
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