Requirements for a Guaranteed Payday Loan

As we all know by now, the recession has forced changes in monthly budgets for the most wealthiest in society to those who struggle at or below the poverty line who simply want to cover their financial bases. One thing remains universal: if there is a shortage of funds from week to week, the added stress is enough to cause lost sleep, anxiety and a host of other physical ailments. Many people have come to depend on the occasional guaranteed payday loan as another financial tool they can incorporate when needed. Today’s payday loans are safer, far more transparent in terms of policies and fees and have become mainstream choices within the financial sector.

What many aren’t aware of is that those who take advantage of payday loans have checking accounts; which means, they have banks they already do business with, but for whatever reason, cannot use their local bank’s financial products. The most common reason? Simply stated, it is the turn around time for signature loan applications to gain approval. Let’s face it, the rent can’t wait seven to ten days for a traditional bank to approve a small signature loan. Vehicle repairs, especially when it’s the sole transportation for a family, cannot wait days for a loan approval followed by even more days awaiting the repairs to be completed. With a guaranteed payday loan, the turnaround time is less than twenty-four hours and in many cases, only a few hours. If a bank’s products don’t ease the strain, then the purpose is defeated. Not only that, but a typical bank application requires documents payday cash advance companies don’t. Consider the comparisons between the local bank branch and a payday cash advance company:

Your Local Bank Might Require:

• Pay stubs for two or more months
• Tax returns sometimes dating two years back
• An acceptable credit report from three credit bureaus
• Copies of credit card, mortgage, utilities and other loan agreements
• Proof of income from divorce and/or child support
• Copies of any bankruptcies from the past ten years
• The potential for collateral, which means gathering documents that prove you own the boat or vehicle you’re using to secure the loan
• A week to ten days before approval is granted or declined

CashAdvance.com requires:

• Pay stubs or other proof of income
• Proof of an active checking account
• Proof of residency
• Less than twenty four hours before approval is extended

Clearly, the more convenient and less intrusive route is CashAdvance.com and its quick approval process. Adding to that convenience and many benefits are the options of a faxless cash advance, direct deposit into your account and automatic, scheduled repayment.

For many, a guaranteed payday loan structure is the right solution for car repairs, rent or mortgage payments, unplanned doctor or dental appointments and many other unexpected emergencies. Couple this with repayment terms that fit your payday, and it becomes clear, a payday cash advance is perfect for your short term financial needs.

As always, you’re encouraged to ask questions, understand the process and your responsibilities as a borrower. See for yourself the convenience and streamlined process cash advance loans have become.