If you have no cushion to fall back on and no established relationship with a bank, you should think about what you would do in an emergency. It is possible to get money quickly, but it takes a little more time and effort to lay the groundwork. You first need to arrange a pre approved personal loan.
What Are My Options For A Pre Approved Personal Loan?
They come in two formats. The first is a flex loan.
This is sort of like a credit card. It creates a line of credit that you can tap at will any time you need a little extra, assuming there is still some available.
They call it a revolving line because you take money out, you pay some of it back, and then you can take money out again. It’s an effective substitute for a credit card.
The second type is payday loans that accept prepaid debit cards. The reason you need to get this pre approved is because they will want to issue you a debit card. They probably won’t let you use just any prepaid card.
Once you have established a relationship with a lender, you can arrange to borrow from them again as needed. They will use the same prepaid debit card to issue the money.
Let’s Talk About Pre Approved Personal Loans.
A payday loan with no bank account required is a little more work to arrange than usual. For one thing, you won’t have the most commonly used proof of income: A recent bank statement.
You will need to provide other paperwork, like a copy of a recent pay stub. You will also need to provide identification, such as:
- A driver’s license.
- A state-issued ID card.
- A tribal ID card.
- A military ID card.
You will also need some lead time so everything can be arranged. In other words, you need to start the process before you really need the money, at least the first time. Once you have an established relationship, it can be nearly as quick and seamless as other loan products.
Why Would I Want One?
A pre approved personal loan can make sure you have access to funds in an emergency. Otherwise, you may have no choice but to sell something you may to sell to come up with the funds.
If you can’t get any funds, problems can rapidly snowball. It can quickly become “the war was lost, for want of a nail,” so to speak.
Get Your Pre Approved Personal Loan Started.
TheGuaranteedLoans helps people find the financial products they need. We do the research so you don’t have to do it yourself.
Give us your information and let us check our records and put a lender in touch with you. You can fill out our online application now. Then we can connect you to a lender that offers pre approved personal loans.