How To Qualify For Guaranteed Loans
devider Unlike shopping for shoes or new tech gadgets, shopping for a loan isn't fun. There are probably a million other things you'd rather be doing than sorting through form after form. That's why guaranteed loans are great! If you fit the basic criteria- you're approved! With one application, you'll have the cash you need in as little as a few minutes.

Requirements for a guaranteed loan:

  • U.S. citizen
  • 18 years of age or older
  • Have an open checking account
  • No other open payday loans
  • Make at least $800 per month
  • Request a loan amount of $500 or less


If you can check off each of the items mentioned above, you're automatically approved! So, there's no need to waste anymore time applying for other types of loans. You can scratch this to-do off your list and move on with your day.

As with any financial product, it's important to fully understand the terms. Any type of short-term cash loan is intended to be repaid by your next payday (usually 14 days). If you cannot repay the loan in full by the due date, you should consider alternative options. Try asking family or close friends to loan you the money instead. That way you'll avoid costly interest fees and the risk of defaulting on your payments. Not to mention, the harmful effects that late payments can potentially have on your credit.

If you can, work towards paying off any outstanding loans you have. This will improve your credit score and enable you to qualify for higher loan amounts at better interest rates.

If you need help budgeting, checkout our article, How to create a budget

For additional ways to save money, checkout tips from The U.S. Department of Energy.

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