Guaranteed Payday Loan - for Immediate Cash Needs!

By: Apurva Shree

There are times when we urgently need some extra cash; a guaranteed payday loan can take care of such extra cash requirements. It assures a sum of $100-$1500 for those mid-month emergencies, like sudden vehicle break-down or unexpected medical expenses, for which we don't have adequate balance left from our previous salary.

This type of guaranteed approval payday loan provides you the small amount of money when you need it, so that you are not left stranded till you get your next paycheck. And you can pay back the whole amount, including the interest on it, as soon as you get your next month's salary. The concept is as simple as that.

The Benefits

The main benefit of using such a cash advance is that you are assured of help even if your poor credit history makes it impossible for you to borrow money from anywhere else like- your friends, relatives, or even any other lending institutions like banks. This provision is given because a bad credit score does not always imply poor financial management. It could also be due to just mere rotten luck! And the best part is that you can get a bad credit cash loans without placing your home or any other property as collateral against it.

The Catch

Obviously there is no such thing as a 'free ride' in this world. So if you are getting a cash loans without any credit or telecheck, and that too within 24 hours of applying for the loan, that means that there has to be a heavy price to pay for such a privileged facility! You are right!

These paycheck loans come at an interest of 15%-30% per 14 days. In simple words, if you borrow $1000 against your paycheck, you have to pay back $1300 after two weeks. And if you extend the amount for another 2 weeks, you have to pay a further interest on that extra $300 too, that you accumulated previously! As such, your no fax instant cash advance can lead to a very heavy debt liability if not cleared on time.

The expensive nature of such immediate cash advances makes it absolutely necessary that you take them only in cases of emergency and not for buying your groceries! You must repay the entire amount as soon as you get your next salary, on a top priority basis. Always remember that borrowing money as a guaranteed payday loan is serious business and should not be taken casually. And it's always better to "save" than to "borrow"!

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