Guaranteed Acceptance Loans or Cash Advances
Do Guaranteed Acceptance Loans Exist?
Do Guaranteed Acceptance Loans Exist? – Well the answer is yes and no. You may see adverts from companies that ‘guarantee’ to get you a loan but for which you have to send off a fee with the application
They then offer to lend you a VERY small amount of money whatever your situation, typically £75 payable in four instalments of £25 including the interest, they don’t tell you that you will be offered such a derisory amount and in essence by getting you the offer of a £75 loan they have fulfilled their obligation under their guarantee.
The end result is that you have borrowed £50 and repaid £125, legalised loan-sharking by any other name.
It stands to reason that if you are a serial defaulter you are going to find it impossible to get credit, any lender will assess the risk of the borrower defaulting.
There are lenders who have much lower credit requirements than the main stream banks but the flip side is that they charge a much higher interest rate, after all they are taking a much greater risk
If you can’t mainstream credit then a same day payday loan cash advance may be available to you. Apply below.
USA Applicants
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