Guaranteed Online Personal Loans - The Fastest Way to Get the Cash Advance You Need By Robin O'Brien

Just a few years ago there was no such thing as a guaranteed personal loan. But, thanks to de-regulation, competition and, above all, the internet, you can be sure to be approved for a pay day loan. And, don't think that bad credit will disqualify you; it won't.

There are many who have bad credit but require an emergency or fast loan. Until recently, if you had bad credit you had little chance of getting the money you needed. However, the last few years has seen the emergence of 'payday loans'. These have been designed so that anyone - even those with very bad credit - can quickly get approval and the money they need.

The amount that is loaned on this type of loan is usually small and manageable; between $500 and $1,500. As its name suggests, the money is often paid back when the borrower next gets paid, however, payments can also be spread across several months.

So, how does an online application for a guaranteed personal loan work?

Before applying you need to be able to answer 'yes' to the following questions.

1. Are you a U.S. citizen and over 18 years of age? 
2. Do you earn at least $1000 for the past two or three months (stable income)? 
3. Do you have a checking account that is current and non delinquent?

In addition, you must also not be currently undergoing a bankruptcy process.

When you apply online you'll be asked a few simple questions about where you live, your identity and your employment. After completing you application, approval is almost instant and you can expect to receive the cash by the next working day.

If that wasn't good news enough, when you apply for your loan you will not be credit checked and you will not have to send any faxes. The credit check part is a major plus point, especially if you have poor credit, as every time your credit history is checked, your credit scoring is adversely affected.

There's no doubt that getting a guaranteed online personal loan can be invaluable for many, especially those with bad credit. The main points are that the approval process is almost instant, the money is paid straight into the checking account the next day, no co-signer is required, no collateral is required and there is no credit check.

However, you should be aware that the loan amount is usually quite small although some lenders are prepared to loan more, although further credit checks will then be required.

You should also be careful about the lender you're borrowing from. You can check if they are legit by reading third party consumer reports or by contacting your state's Attorney General and asking if the lender has received any complaints from other borrowers.
Still don't believe you qualify for a guaranteed online personal loan? The links will lead you to lenders who WILL give you a guaranteed personal loan no matter what your credit history. You could have the money you need by this time tomorrow.

Article Source: http://EzineArticles.com/?expert=Robin_O'Brien