Can You Really Get Guaranteed Cash Loans?

You may have seen lenders offering guaranteed cash loans, but do these loans really exist or are they just a marketing gimmick? Read on for the truth about loans that lenders claim are guaranteed.

The bottom line is that no loan is guaranteed. All lenders subject borrowers to some sort of qualification or approval process, and there is always a chance that the borrower may not get approved.

In this way, no loan is ever really "guaranteed." Typically, what lenders mean when they use this term is that you will receive a cash loan pending an approval decision.

To get approved, you usually have to meet specific monthly income requirements and other criteria set by the lender. So remember that although payday loans are pretty easy to qualify for, they are not necessarily a sure bet.