Tips on How to Get a Guaranteed Bad Credit Personal Loan
High Risk Personal Loans Presents:
Tips on How to Get a Guaranteed Bad Credit Personal Loan
By Robin O'Brien
If you have bad credit you may think you won't be able to get a guaranteed personal loan. However, you'd be wrong. The key to getting a cash advance loan is to forget about your credit history and concentrate on giving the lender the answers they want.
First off, bad credit won't ever prevent you from getting a bad credit personal loan or payday loan. That's because online lenders don't care about your credit score; yes, that's right! When you complete an online application form the lender will not perform a credit check.
What the lender cares about is whether you are who you say you are and whether you will pay back the loan.
So, what does the lender want from you? Firstly, you need to be aware that getting this type of cash advance loan for bad credit means that the amount you can borrow is usually a maximum of $1,500.
Therefore to ensure that you will be approved (and over 98% of applicants are approved even those with very bad credit) you will need to be able to supply the lender with the following details.
You will need to show that you have lived at your address for a period of time - usually more than six months. You don't have to be a home owner either; you can get a guaranteed bad debt personal loan even if you are renting. When you supply your home address, the online process will usually be able to check out that this is true almost instantaneously.
Secondly, you need to be able to prove that you receive a steady monthly income. The lender will want you to be able to prove that you have at least 3 months of steady monthly income and that it is at least $1,000 per month. If you are employed you simply enter these details on the application form; these can also be easily verified by the lender.
Remember, the amount you can borrow is mainly dependent on how much you earn or receive each month.
Thirdly, you will need to prove to the lender that you are who you say you are. By providing the details to the 2 previous categories you have more or less proven who you are.
Finally, and this is the most important tip in getting you a guaranteed bad credit personal loan; be totally truthful when applying. Lenders are experts in finding discrepancies in your application request. You're best advised to be 100% honest.
Most lenders have extremely high approval rates - some have a 98% or 99% approval rate - even for applicants with poor credit. You just need to be over 18, have a home address, have a steady monthly income, have a clean checking account, be not undergoing bankruptcy proceedings, and to be truthful in your application.
Many of the Nation's leading lenders WILL approve 98% of guaranteed bad credit personal loans. So, shop around with confidence and don't let past financial problems dissuade you from getting the best 100% guaranteed personal loan for you today.
Article Source: http://EzineArticles.com/?expert=Robin_O'Brien
First off, bad credit won't ever prevent you from getting a bad credit personal loan or payday loan. That's because online lenders don't care about your credit score; yes, that's right! When you complete an online application form the lender will not perform a credit check.
What the lender cares about is whether you are who you say you are and whether you will pay back the loan.
So, what does the lender want from you? Firstly, you need to be aware that getting this type of cash advance loan for bad credit means that the amount you can borrow is usually a maximum of $1,500.
Therefore to ensure that you will be approved (and over 98% of applicants are approved even those with very bad credit) you will need to be able to supply the lender with the following details.
You will need to show that you have lived at your address for a period of time - usually more than six months. You don't have to be a home owner either; you can get a guaranteed bad debt personal loan even if you are renting. When you supply your home address, the online process will usually be able to check out that this is true almost instantaneously.
Secondly, you need to be able to prove that you receive a steady monthly income. The lender will want you to be able to prove that you have at least 3 months of steady monthly income and that it is at least $1,000 per month. If you are employed you simply enter these details on the application form; these can also be easily verified by the lender.
Remember, the amount you can borrow is mainly dependent on how much you earn or receive each month.
Thirdly, you will need to prove to the lender that you are who you say you are. By providing the details to the 2 previous categories you have more or less proven who you are.
Finally, and this is the most important tip in getting you a guaranteed bad credit personal loan; be totally truthful when applying. Lenders are experts in finding discrepancies in your application request. You're best advised to be 100% honest.
Most lenders have extremely high approval rates - some have a 98% or 99% approval rate - even for applicants with poor credit. You just need to be over 18, have a home address, have a steady monthly income, have a clean checking account, be not undergoing bankruptcy proceedings, and to be truthful in your application.
Many of the Nation's leading lenders WILL approve 98% of guaranteed bad credit personal loans. So, shop around with confidence and don't let past financial problems dissuade you from getting the best 100% guaranteed personal loan for you today.
Article Source: http://EzineArticles.com/?expert=Robin_O'Brien
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