If you’re looking for a payday loan but have bad credit, there are still options available to you. Here’s a step-by-step guide on how to get bad credit loans guaranteed approval.
The first step is to fill out an application form.
When you’re filling out the application form, be sure to include all of the required information. This includes your name, address, phone number, and email address. You’ll also need to provide some basic information about your employment and income. Be as accurate as possible when providing this information, as it will affect your loan approval.
The second step is to provide proof of income.
When you’re applying for a payday loan, one of the things lenders will want to see is proof of income. This helps them determine whether or not you’re able to repay the loan. Documents that you can use to prove your income include pay stubs and tax returns. If you don’t have any of these documents, you may still be able to get a loan if you have another form of income, such as Social Security benefits or child support payments.
The third step is to provide proof of residency.
When you apply for a payday loan, you will need to provide proof of residency in order to be approved. This can be done by including a copy of your driver’s license or utility bill with your application.
The fourth step is to have a cosigner.
A cosigner is an important part of getting approved for a payday loan, especially if you have bad credit. Having a cosigner means that there is someone else who is willing to be responsible for the loan if you are unable to repay it. This gives the lender additional security and increases the chances that they will approve your loan.
If you are considering using a cosigner, it’s important to choose someone who has good credit and a steady income. You should also make sure that this person is willing and able to take on this responsibility. Once you have found a suitable cosigner, you will need to include their information on your application form.
The fifth step is to submit the application.
If you’re submitting the application online, you’ll need to provide your bank account information so the lender can deposit the money if you’re approved. If you’re submitting the application in person, you’ll need to bring along all of the required documentation and any applicable fees. Once everything is submitted, the lender will review your application and make a decision. If you’re approved, you’ll typically receive the money within 24 hours.
Conclusion
If you’re looking for a payday loan but have bad credit, there are a few steps you can take to improve your chances of getting approved. First, make sure to fill out the application form completely and accurately. Second, provide proof of income with documents like pay stubs or tax returns. Third, provide proof of residency with a copy of your driver’s license or utility bill. Fourth, find a cosigner who is willing to be responsible for the loan if you can’t repay it. And fifth, submit the application online or in person. By following these steps, you’ll increase your chances of getting approved for a payday loan with bad credit.
