Guaranteed Payday Loans Direct Lenders (2022)

guaranteed payday loans direct lenders

If you have landed on this page, it means you’re interested in getting guaranteed payday loans direct lenders. I have been able to research and provide you the sure fire way to get loans from direct lenders with bad credit score.

First of all, there is no such thing as guaranteed payday loans direct lenders. Any lender claiming to offer guaranteed payday loans is not being completely truthful. The explanation for this is straightforward. In many ways, payday loan lenders are similar to banks. They are unable to make loans without performing the proper checks. Your desired Guaranteed Payday Loans Direct Lenders must confirm that you match the fundamental eligibility requirements for payday loans in the United Kingdom, which include:

  • You are over the age of 18 and a UK resident
  • You are employed or have confirmation of a regular income

If you don’t meet the fundamental requirements, you won’t be able to get a payday loan in the United Kingdom. Payday loans that are guaranteed are a fallacy. What you should be concerned about is your favorite lender’s loan approval rate.

Best Tips to Guarantee Payday Loan from Direct Lenders

Have fair to good credit: Your credit score is based on how well you’ve paid off previous credit transactions, such as credit cards, loans, phone bills, and utility bills. Your credit score will fluctuate depending on how well you keep up with payments, but if you can maintain a good or fair credit rating, you will always be in a strong position to acquire a guaranteed loan. Learn how to improve your credit score using self here.

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When a lender sees that you have an excellent credit history and a track record of repaying other loans on time, it will make it easier for you to receive guaranteed loans.

Have a consistent source of income: In addition to having a good credit history, you should have a consistent source of income, which you can get through work, because this demonstrates that you have the means and money coming in each month to pay off your loan.

If you’re looking for guaranteed loans for unemployed people, the process may be a little more difficult, and you may be required to produce proof of income. A recent payslip or a copy of your bank statement may be required by some lenders as proof of income. The amount you make from your job and other sources of income will determine how much you can borrow from your loan.

No recent defaults: Lenders will look at your credit score to see whether you’ve defaulted on any previous loan products, and any multiple missed payments over a long period of time will raise red flags and make them wonder if you’ll be able to pay this next loan on time. The lender does not want to place you in a more difficult financial situation that could lead to a debt spiral.

Solid debt-to-loan ratio: While a decent credit rating and steady income are important, they must be balanced by a good debt-to-loan ratio. This implies that if you have multiple personal and payday loans open, it may appear that you are financially stretched or taking on more than you can handle, causing the lender to be concerned.

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FAQs on Guaranteed Payday Loans Direct Lenders

Can You Apply For Guaranteed Loans With Bad Credit?

Yes, is the answer. Many lenders, like Payday Bad Credit can give you loans even if you have a bad credit. So even if you have bad credit or a poor credit history, you can apply for a guaranteed loan. Of course, your eligibility will be determined by your ability to repay the loan and your intention to do so on time.

Many of the Guaranteed Payday Loans Direct Lenders have the below basic requirements:

  • Over the age of eighteen
  • resident of the United Kingdom
  • Working and earning a monthly salary
  • A valid UK debit account, a mobile phone number, and an email address are all required.
  • Able to repay your debts

Is It Possible To Get a Guaranteed Loan If You Are Unemployed?

Yes, guaranteed loans are available to unemployed people, however some lenders require a solid income and the passing of a credit check to obtain a payday loan or personal loan.

If you need guaranteed loans for unemployed individuals, consider guarantor loans, which require an additional person to co-sign your loan agreement as financial security. Alternatively, if you fulfil the eligibility requirements, you can apply for benefits.

Are There Guaranteed Loans With No Guarantor Required?

Yes, there are guaranteed loans that don’t require a guarantor, so you don’t have to seek the support of another person to co-sign your loan agreement and participate in the application process. You will typically need a consistent monthly income, employment, and an excellent to acceptable credit history to qualify for a guaranteed loan with no guarantor.

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