FAQ’s

Answers to Your Questions about Payday Loans and Our Services

We welcome you to the FAQ section of GuaranteedPaydayLoanz where we answer the most common queries about our services of Payday loans. In the event that you may still feel the need to gain further clarity about any of our services, you could head to our “Contact Us” page. Our team of expert advisors shall be happy to assist you with answers to your queries and to work with you to suggest the best ways to get good results from our payday loan solutions.

What is a payday loan?

A payday loan is short a term loan with a fee and a fixed interest rate that is repaid in stipulated payment periods (typically 7 days or up to 30 days depending on your loan terms) and it is usually intended to be repaid on your following payday(s). Loan offers and eligibility depend on your individual credit profile. Our lenders provide as much as $1,000 depending on the eligibility as determined by the lender, your state laws and your financial situation.

What is required for me to be eligible to a payday loan?

Qualification for payday loans are simpler than conventional loans. Lenders require basic information about applicants to gauge if it is secure to provide credit. These requirements make you eligible for a payday loan:

• 18 years of age or above
• Must be employed with the same employer for a minimum of 90 days
• Must be a permanent resident of the United States of America
• Must have a valid and functional telephone number and email address
• Must have an active and stable bank account
• Must not currently be in debt of another payday loan

What documents do I need to provide for a payday loan?

You shall be asked for these documents and details when filling out the form for application of a payday loan:

• Social Security Number
• Income Statement / Pay stub
• Checking Account Details
• Verifiable Contact Details
• Age Proof (18 years or more)

Is the loan process private and secure?

At GuaranteedPaydayLoanz, we understand the expectation and need of secure and private transactions. Our own system is designed with industry-leading security integrated at all levels. Any data shared externally is done with your consent and strictly to enable the provision of best services to you. Our trusted lenders are also selected carefully and are obligated to work with us on terms that ensure secure and private transactions, keeping your data safe at all times.

Can I get a loan despite a bad credit score or with no credit check?

When you apply for a loan service that is designed to serve you despite a bad credit and/or skip the credit check process, the request for your loan goes out to a select list of trusted lenders who agree to work with such terms. What they check, is that you must not be bankrupt and that your income is stable, giving you an ability to repay the loan along with the interest on it. This is how we enable you to get a loan despite bad credit and/or with no credit check.

How long does application and loan deposit take?

The online service for our payday loans is always available. Finding the right loan for you can be a matter of a few minutes and provided you have everything ready, the application form can be completed in another few minutes, making the application process virtually instant.

The process of distribution of the loan request to matching lenders is seamless and as soon as the right lender makes a preliminary assessment, the customer and the lender are connected. An agreement is provided by the lender after a complete assessment of the customer, and once mutually agreed, the loan is deposited directly into the customer’s provided checking account within a few business hours. If the lender does not approve the customer’s request after assessment, or if the loan offer or agreement terms are not acceptable to the customer, the customer can choose to repeat the search to find other lenders.

The whole process usually by the end of the next business day of application. There are loan services offered by us that change the process a little and make the process faster. All such offers describe the time and change in scheme on the respective webpage corresponding to the offer.

Why do I have to directly contact the lender?

GuaranteedPaydayLoanz serves as a matching service that enables customer to access a frequently revised database of trusted lenders and get best loan options. We do not store information regarding particular loan products and their terms. Also, we do not take any credit decision. For completion of transaction and should there be any loan related issues, the lenders are to be contacted directly by the customers.

Can I renew my loan and save on penalties?

Yes. We encourage borrowers to contact lenders at the earliest possible, if they feel that they shall be unable to pay a due amount on time.

It may be times when repaying a loan is difficult due to unforeseen circumstances. Additional interests and penalties get added in such situations. A loan renewal if permitted by your state law and accepted by your lender, is more affordable than the addition of a penalty, and contacting the lender is the first step towards this process.

It is recommended that you check applicable laws and the terms, fees, rates and penalties before taking up a payday loan.

What happens if I am repay on time or at all?

The terms and conditions related to defaulted payment are explained in each loan agreement along with applicable penalties, additional fees, collection practices and other actions associated with delinquency. Borrowers must check these terms before signing the agreement. We continually ensure that all the lenders in our network adhere to the best practices in the industry, follow federal and state laws and promote responsible lending practices. All the lenders in our network are required to operate within the stated limits. We encourage borrowers who anticipate delinquency or default payments to contact corresponding lender at the earliest possible.

How many loans can be taken up simultaneously?

With respect to payday loans, we do not encourage taking multiple payday loans at a time. The number of credit products taken simultaneously as well as the “cooling time” terms are determined by the laws of your state (where applicable). Additionally, the lender reserves the right to determine the maximum of simultaneous and/or consequent credit agreements within the limits of applicable laws. It is highly recommended that you transparently inform the lender about current credit standing and the facts of defaulted loans before any agreement is signed.