Practically it doesn’t sound possible to get an assured approval on your loan application. After all, there are so many things in the name of formalities, what about them? No, it cannot be possible , do not even think about it.
But... wait a minute. Who is asking you to believe that without any reasons? There are due and rational causes for that.
But... wait a minute. Who is asking you to believe that without any reasons? There are due and rational causes for that.
Guaranteed loans need to come into the picture
Have you ever heard about guaranteed loans? NO? YES?
Whatever, just get into the concept and know what exactly it is. These are the loans for not a very long term but with the assurance of approval. The word ‘guaranteed’ denotes, surety of acceptance on loan request. These loans are online and you can get them through easy and simple procedures.
How to get a confirmed ‘Yes’
There are several ways through which you can get an actual ‘yes’. If you follow them and stick to the rules and guidelines, everything is certain to become smooth.
- Prove repayment capacity – The lender cannot invest on a risky bet. Your capacity should be strong enough to pay back the borrowed amount. Your salary slips, bank statements are important tools to confirm that you can pay the instalments on time. If everything is fine on this aspect, nothing can stop you from availing funds.
- Credit score performance – Oh, this is the first love of lenders when it comes to lending. Good credit score means the applicant is responsible in financial behaviour and bad credit score means not much promising. However, there is something to tell you. The online lenders even provide guaranteed loans despite bad credit. Just do not forget the rule of repayment capacity and try to look best on that side. The second solution is, improve your credit score status through some ways. Pay the bills on time, close unused bank accounts, quit from the financial associations with the ex partner, get on the electoral roll. All of these ways help in some or other way to improve the credit score performance and then you can easily and surely get the pleasant message of approval.
The obligations
To be precise, the obligation policy changes according to the financial efficiency of the applicant. Take a look below.
- For an employed person with good credit score – An average repayment capacity(current income) is fine.
- For an employed bad credit scorer – The current income status should be good and it is also necessary to provide latest bank statement.
- For an unemployed – As there is no income to show, the applicant should back the loan application either with collateral or with guarantor.
- For Very bad credit people – Oops! This is a difficult case and the advice to such applicants is to search very bad credit loans, as it is not wise to expect an approval. However, it all depends on the discretion of the lender. If the applicant is providing security or guarantor then the lender may consider the application. But it is just a chance and this may or may not happen.
Tips to increase the chances of approval
Besides the above conditions, there are several tips that you should use. They can help get a smoother approval on the loan application.
- Apply to only one lender at a time – Do your research for the guaranteed loans, finalise a lender and then apply. Do not make multiple applications as it leaves detrimental effects of multiple search footprints. This makes you prone to rejection and for sure, you do not want this to happen. Right? The lenders have access to your credit file and when they see that many other loan companies are performing credit check on your credit file, they take you as credit hungry. This makes them feel that you are too much in a financial crisis that is why looking for the funds immediately.
- Stay loyal to the guidelines of the lender – More loyal you stay with the rules and regulations of the lender, more are the chances of approval. Lending companies prefer the borrowers that are loyal and cooperate with them in every situation. Stay in a conversation with them and whenever required, provide due information. In fact, this has long-term benefits. In future if you apply to the same lender, you can get some unprecedented offers. Attitude and behaviour work on every aspect in life as it is human nature to get inclined towards the good people.
Keep the things above in mind and get the guaranteed approval and feed your financial needs. ALL THE BEST and a congrats beforehand as the approval is guaranteed.
Description – Guaranteed loans are not impossible, you just need to follow certain rules and then enjoy the financial assistance that is sure to come.
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