Everything You Need To Know About Guaranteed Cash Advance And Payday Loans
The subject of guaranteed cash advance, more popularly known as guaranteed payday loans
, cash loans or even as cash loan guaranteed in some cases, is in the limelight these days. It is popular and at the same time controversial making it important to know the pros and cons of the whole business.An Overview
Gone are the days when the whole process of application, sanction and payment of loans used to take ages. Guaranteed cash advance schemes have arrived and it is now possible to manage the whole affair in as little time as 24 hours at the most. Yes you read that right, thats how little time it takes. These schemes enable you to get cash assistance easily and anonymously. All that one needs to do is to fill out an online form (a questionnaire, sometimes) and wait for the stipulated time, which is almost always less than 24 hours, during which the money is transferred to his/her bank account. The whole process is designed to be fast and easy, without any tedious paperwork involved. The loan usually needs to be paid back in 15-30 days.
Advantages
The main reasons for such cash-advances being so popular are that small amounts of cash can be obtained for a short period of time. This, in fact is its primary difference from a usual credit. Amounts up to $ 2000 can be borrowed for a minimum of 14 days. This period can usually be extended in case of any inconvenience.
The other advantage is that the borrower doesnt need to go through any creditscore verification process; nobody checks his credit history or estimates his house, car or other assets. In short, people who have a bad credit score dont need to worry about their application being rejected as a result of it.
The Eligibility Criteria For Getting A Payday Loan Are Simple As Anything - The Borrower Needs To Be:
1. Eighteen years or above in age,
2. An American citizen,
3. Owner of an open account in any bank to receive money on and
4. Have a steady source of income.
Disadvantages
The disadvantage of cash loans lies in the fact that some people doubt the safety of dealing with financial institutions other than banks. Payday loans are usually advanced by small companies.
So this time you receive an unexpected bill, just go for a guaranteed cash advance scheme and pay the expenses. There are sites which give guaranteed cash advance, also known as payday loan guaranteed.
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