Rates and Fees
Guaranteed Payday Loan is not itself a lender. Instead, the website provides connect you to a trusted network of lenders, allowing you, the borrower to find a lender in your area without having to search around. As a result, submitting your application incurs no cost on your part. For that matter, searching through the guaranteed payday loan options available to you also incurs no cost.
Federal laws mandated by the Truth in Lending Act insure that all loan fees and interest rates you may incur when agreeing to a loan be presented ahead of time in writing. Once you’ve been pre-approved for a loan, the lender will provide you a loan, contract which you may agree to via e-signature. This loan contract will present all rates and fees, disclosed to you ahead of time, before you agree.
Be sure to read the contract over fully before agreeing to the guaranteed payday loan terms, so that you know the rates and fees you will be charged. You are under absolutely no obligation to agree to these terms until the e-signature has been affixed—deciding not to accept any of the guaranteed payday loan options from lenders in your area will result in no charge to you.
Guaranteed Payday Loan has no bearing on the rates or fees decided upon by the guaranteed payday loan lenders. The amounts are based upon the lenders’ policies and the application information you have submitted.
Policies for Late Payment
Lenders providing guaranteed payday loan services decide upon their own policies in regards to late payments. These policies will be provided ahead of time in the loan contract; be sure to read these over carefully before agreeing to the loan contract via e-signature. Each state has its own laws regarding late payment policies; each lender in our trusted network adheres to the rules and regulations of its particular location.
Policies for Non-Payment
Guaranteed Payday Loan’s trusted network of lenders will pursue all unpaid loans that are past due to the fullest extent of the law. This can mean additional fees, or in some instances, criminal charges.
Policies for Loan Renewal
Loan renewal policies are generally governed by state regulatory legislation; each of our lenders adheres to the laws regarding loan renewal in their particular location. Rollovers, or repayment term extensions, are not allowed in every state, but in those in which they are, substantial interest rate increases and late fees may add a large dollar amount to the end price of the loan. To avoid this, be sure to repay all loans on time, in the term provided ahead of time by your individual lender.
Interest rates for a guaranteed payday loan are generally higher than those associated with traditional loans, as there is no collateral for a guaranteed payday loan and the repayment term is far shorter. Also, you will receive your cash far more quickly than with a traditional loan (within one business day when using Guaranteed Payday Loan).
A bad credit score, or even no credit history whatsoever, will not automatically disqualify you from approval, unlike many standard bank loans.
If you are interested in a guaranteed payday loan, apply today.