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Will Your Definitely Get Guaranteed Loans?
Just because you are hearing that something is guaranteed definitely does not mean that just anybody can get it; guaranteed cash loans are called that because the majority of people who apply are able to get the loan. There are times when people will not get guaranteed cash loans.
The first thing that you will need to consider is the conditions for taking out the guaranteed cash loans. There are many people who are turned down because they have not read and do not meet the requirements. Do not embarrass yourself and risk ruining your credit rating by applying for something that you know you will not get.
Things that you should look out for with guaranteed cash loans are whether you need to be in a certain type of employment and whether you need to earn a set amount of money each month. These are conditions that are put in place for many companies but each one will have different ones; you will need to shop around for conditions for guaranteed cash loans that you can meet.
The most common condition is that you are earning the set amount of money. This will be dependent on your employment status that the lenders for guaranteed cash loans are willing to lend to. Most of the time the minimum amount is £750 per month, which covers most that are in full time employment, but there are some guaranteed cash loans that will accept as little as £333 per month, which covers those in part time employment.
The employment status is something that is important to all lenders. They are more interested in your current financial situation rather than your previous history, which puts them at a lot of risks because they are not checking to see if you have defaulted on payments in the past. Most companies for guaranteed cash loans will ask that you are in full time employment so they can guarantee to get the money back. However, there are some companies that will accept those in part time employment and even those who are unemployed.
Before you can get the guaranteed cash loans, you will also need to think about whether you need to prove your identity or your income. There are some companies that will ask that you send your details via a fax; this will involve your pay slip with your monthly income and your passport or driving license. However, not everybody has a fax machine and it has led to a number of companies that offer guaranteed loans to do the searches on your identity themselves.
Just because you see guaranteed cash loans on a website does not mean that you will definitely get the loan. The loans are only guaranteed if you meet the requirements that they set out and that you have inputted the correct details; you should make sure that you check all details are correct before you continue on with the application because this is a common reason for people not to be guaranteed.