There are currently several Payday Loan or Cash Advance programs available on the internet for fast cash personal loans. It is very easy to pick the wrong program when you are in a rush. Because of the vast amount of programs available, it's important that you pick the best program to fit your current situation and needs. In this article I will lightly cover what types of programs to look for, but I will mainly be outlining the 2 secrets to guaranteed approval with a cash lending provider.
Having used payday loan services multiple times, for personal use as well as research, I have found that the absolute best types of loan offers can be found by programs which submit your application to several independent (private) lenders. This is because it allows you to choose from several different lenders that approve your application, and find which lender best meets your needs. This allows you to choose the flexibility of your loan terms.
For guaranteed approval, I have to main suggestions:
- Have a Job or a Steady Source of Income This sounds something like a no-brainer, but it is helpful to know as it is one of the 2 major criteria that short term lenders judge your eligibility from since there is no credit check involved. While there are a couple of programs that will even lend to the unemployed, it makes the application better when you can give a solid pay date that you will be receiving your paycheck. Alternatives would be pensions, retirement funds, settlements, etc. So long as you can specify an amount and a date which you regularly receive payment, you will be increasing your chances of approval very much.
- Be Paid by Direct Deposit One of the main criteria when lenders approve an application is how you receive your paychecks. While it is not completely necessary or required, you increase your chances of getting approved several times over when you can state that you are paid from your employer via direct deposit. This allows the lender to know exactly when you get paid and a confidence that the funds will be available when it comes time to make a repayment on the loan. If you are not currently using direct deposit, check with your employer about possibly changing your payment method do direct deposit before your next pay period. If you employer can change your payment method for the next period, you should have no problems specifying the date of your next paycheck to your lender and getting approved.
There's not much to do as far as the process goes, most payday lenders do not conduct credit checks and the above criteria are how they decide who they can lend to, and how much you can get a loan for. Most payday loan "networks" as outlined before will simply take a little information from you and forward it to be reviewed (usually automatically) by the lenders underneath it's network. Most networks offer responses within 5 minutes, and upon approval, instant delivery of funds into your account via direct deposit.
If you follow these tips and the 2 secrets for guaranteed approval, you should be able to get a fast cash personal loan within the next 24 hours. Remember, this money can be used for anything at all! (Although I would not recommend using it as a $ 1500 roulette bet!)