How Can I Get Guaranteed Approval Payday Loans Online, No Matter What?
Payday loans are short-term cash advance loans that are specifically designed for people to cover unforeseen expenses like medical bills, car repairs, emergency household expenses, unpaid utility bills, etc. They require no collateral and little paperwork. Most of the time, you don’t have to fax or email any documents whatsoever.
The turnaround time for payday loans makes them especially good in emergency situations. When you apply, you can often expect to get your funds in your checking account the next business day. In some cases, you can even be eligible for a same-day deposit.
These loans also have a high approval rate, even if the borrower has bad credit. But that doesn’t mean that payday loans come with guaranteed approval no matter what.
Do Payday Loans With Guaranteed Approval Even Exist?
The short answer is no, no-denial payday loans do not exist. But it’s not just your credit history that matters.
When you search for guaranteed payday loans online, you will find literally hundreds of companies offering them. All those companies have their own, unique eligibility criteria. Some may require you to be actively employed and may not grant your loan request if you receive alimony, disability, or other social security benefits. However, for other companies, that is totally fine. Some companies may not like that you have a low credit score, while others won’t run credit checks at all.
So, even though 100% guaranteed approval on payday loans doesn’t exist, there are certain ways you can increase your chances of getting a payday loan.
Applying with the right lender is one of them.
Should I Be Looking For Guaranteed Approval Payday Loans From Direct Lenders?
As mentioned earlier, there are different types of lenders on the market claiming to provide guaranteed payday loans. The way they operate and their lending criteria may differ. As will the chances of you getting a loan with them.
If you’re interested in getting guaranteed approval loans, here are your options.
Many borrowers strive to get guaranteed payday loans from direct lenders only, which may not be the best option, especially if your credit history is less than perfect.
As mentioned above, every payday loan lender is different when it comes to determining your repayment ability. If the lender you apply with gives more weight to your current credit history than payday loan lenders normally do when calculating your ability to repay the loan, your application will be turned down. In that case, you will have to find another lender and apply with them, hoping they approach making loan decisions differently.
Depending on your current credit history, whether or not you are currently employed, the number of days to your next payday, and some other factors, it may take five to ten attempts before you can actually find a lender ready to approve your loan request. In some cases, you might not be able to find a lender at all.
However, even though there’s no such thing as guaranteed payday loans and you’ve been denied a dozen times already, it doesn’t mean that there isn’t a lender somewhere out there ready to grant your loan request.
Here’s where matching services come in.
Payday Loan Matching Services
A matching service is a company that provides a single entry point to a plethora of direct lenders, sometimes up to a hundred or more. When you fill in a loan request form with a matching service, they will send your application information to each and every payday loan lender they work with, one after another. Once they’ve found a lender, they will redirect you to the lender’s website, where you will find your loan agreement. The loan agreement will usually outline all the terms and conditions pertinent to your loan, including the APR, repayment terms, fees, etc. If you agree to the terms, just e-sign the agreement and wait for the money to come to your bank account.
At PaydaySeek we work with 100+ direct lenders who provide payday loans. Even though guaranteed payday loans with no denial do not exist, applying for a loan with us is as close to that as it gets.
Payday Loan Stores Near You
These storefront lenders are good when you need to get cash ASAP. If you find a lender near you and get approved, you’ll get the money almost instantly. However, there’s another reason we’re mentioning them here.
These lenders may utilize a completely different approval algorithm than online payday loan lenders do. When you apply in-person, most of the time the storefront lender will ask you to provide them with a post-dated check. They will then check it with TeleCheck to see if other checks you’ve written have bounced recently. If they haven’t, they may approve your loan request right away without running any other credit checks.
So if you haven’t been able to get a loan with a direct lender or a matching service, it might be a good idea to go out and try applying in-person.
Again, these are not guaranteed payday loans. You might need to visit a few payday loan storefronts before you actually get approved.
How Do I Get Bad Credit Payday Loans With Guaranteed Approval?
When someone is looking for guaranteed payday loans for bad credit, we are usually referring to their credit history with the BIG3: TransUnion, Equifax, and Experian. Luckily, payday loan lenders rarely check your credit history with those traditional credit bureaus.
However, there are other, smaller credit bureaus like CoreLogic Teletrack or Clarity Services, which focus on subprime lending specifically. This includes payday loans, installment loans, car title loans, etc. So if you have a bad credit history with them, or have an unpaid loan, that might prevent you from getting a new one.
But then again, even if the lender we’ve matched you with does check your credit history with any of the credit history agencies above, they almost never make credit decisions off of your credit history alone. When it comes to short-term cash loans, it’s your repayment ability that matters.
Do No-Credit Check Payday Loans With Guaranteed Approval Exist?
Even though payday loan lenders rarely make loan decisions off of your credit history exclusively, they still usually run a soft credit check on the borrower before pre-approving a loan. This check often includes your credit score and other basic information.
Unlike hard credit checks, soft credit pulls do not affect your FICO credit rating and will not show up on your credit history report.
So instead of looking for guaranteed approval loans with no credit checks no matter what, you’re better off focusing on applying with a few lenders in an attempt to maximize your chances of getting the loan amount you need.
At PaydaySeek we work with a hundred plus direct payday loan lenders offering short-term cash advance loans. Even though there’s no such thing as online payday loans with guaranteed approval, applying with us is as close to that as it gets.
Have Poor Credit and Need a Loan? We can help.
Payday lenders rarely make credit decisions based on your credit score alone when determining your ability to pay back the loan.
However, if your credit history is sub-par and you want to increase your chances of getting a loan and spend as little time as possible filling in payday loan application forms with different lenders, consider PaydaySeek.
We work with multiple lenders providing payday loans. Even though the lenders we work with do not provide guaranteed payday loans, when you apply with us you have more chances of getting a loan than you would when applying to lenders directly. Regardless of your credit score.