Securing Guaranteed Payday Loans

Guaranteed payday loans are cash advances offered by lenders to supplement cash flow between paychecks or when you find yourself in a desperate situation. Guaranteed payday loans are fairly easy to come by. You will not need to provide collateral or submit to a credit check. However there are some things to know when considering a payday loan.

Shop Around

When looking for a guaranteed payday loan it is best to start by talking to several different lenders. Ask about their pay back time frame as well as the annual interest and any associated fees that they charge. You can also look around online for various ways to obtain a payday loan. Whatever you choose, stick to a reputed lender.

Writing the Check

Most lenders will require you to write them a check for the amount of the loan plus any fees associated (typically $30 to $40 per hundred dollars borrowed) dated two or three weeks in the future. For this reason, do not borrow more than you will realistically have in your account on that date.

Keep In Mind

Lenders of guaranteed payday loans make their money in two ways: with usage fees and by charging extremely high annual interest rates. By paying back the loan in the short time frame set out, you can avoid being subjected to the interest rates; but if you are unable to pay back the guaranteed payday loan in time your finances as well as your credit record will suffer greatly.


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