The guaranteed payday advance is a convenient way of borrowing
Payday loans are created to help people solve their emergency situation as soon as possible. And that is why guaranteed payday advance is usually granted within 24 hours after application. Urgencies can often leave people short of money when they need it most. What to do if your car breaks down and your salary is still in a week?
There you have two choices – you can apply for payday loans or you can wait until your salary to repair your car. If you wait until your salary you may have to miss work or spend hours of travel by public transport. The reasonable option is to take a loan and have the car repaired.
A guaranteed payday loan is a short term loan that is usually advanced for a period of 15 to 30 days. The loan should be repaid on the next payday of the borrower. As usual you can extend or “roll over” your loan, but it is best to check with the lender before you sign on the dotted line.
Lenders will charge a fee of $ 15 to $ 30 for guaranteed payday advance. There are so many payday loan services, so it is not difficult to find a loan with affordable fees.
The payday advance is very useful, because the applicant does not need to send a lot of documents or display a good credit score to avail money quickly. To be eligible for this type of loan, the applicant must:
be 18 years of age or older;
be a U.S. citizen;
have a regular job during the last 90 days;
have an active bank account.
Those who are applying for the first time can get as much as $ 1500. The amount you can get with guaranteed payday advance is based on your monthly income. The borrower must be earning at least $ 1000 per month for a payday loan. If the borrower pays on time, he / she may receive a higher amount the next time.