Guaranteed $2500 Loans – Personal Cash with Any Credit Score
These are loans where one is assured of getting $2500 on application and are normally taken by people with unexpected financial situations. These loans come in handy especially for those people with bad credit history since there is no credit check involved. Guaranteed $2500 Loans are normally payday loans where one is given some cash advance to handle an urgent situation that cannot wait until the end of the month. These loans are repaid at the end of the month immediately the borrower receives his paycheck and the repayment period varies between fourteen and thirty days.
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Features of guaranteed $2500 loans
Easy application- application of such loans is very easy as you just need to find the best lender offering such loans and visit his website where you will be provided with an application form to fill in your details from where you the submit it for approval. Approval usually takes less than five minutes and once you qualify for the loan, the money is wired directly to your checking account. The whole process of application and loan processing takes less than 24 hours. The online application process is very convenient since you can do it from any place as long as you have some internet connection.
No collateral- one does not need to pledge any security to qualify for guaranteed $2500 loans which makes it very easy for those people with no assets to access the loans. However, these unsecured personal loans have high interest rates and short repayment periods as this is the only security that the lender has on his money. Repay these loans promptly as failure to do so will be very costly as these loans have very stiff penalties.
No credit check- the lenders of these loans do not check the credit scores of the borrower and this is one reason why the amount offered is so low to limit the risks involved in lending money to people with bad credit history. These people can also use guaranteed $2500 loans to improve their credit scores by borrowing the money and repaying it in time following the agreed terms & conditions. A good credit history will ensure that you can qualify for even bigger loans.
Taking caution with online application
Make sure that you choose a lender who will keep your financial information confidential and one who has a site with high encryption for security reasons. Watch out for online fraudsters who pretend to be lenders only to lay hands on your cash. You can identify them since they have very unclear websites and they normally ask for some fees during the application process. Do not disclose your personal information to such lenders unless you are really sure that they are legitimate.
It’s quite easy to secure guaranteed $2500 loans and all you need to qualify is to be above eighteen years of age, have a current checking account and show that you are capable of repaying the loan by being employed with a regular monthly income. Ensure that you are dealing with a reputed lender for a smooth process and you can find out this by checking the reviews by previous clients.
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