Getting a Guaranteed $10,000 Personal Loan in an Emergency


When a person is in urgent need of cash quickly, financial assistance may be offered in the form of a guaranteed personal loan by non-banking institutions. This kind of loan is particularly easy to receive, as there are no credit checks involved. In addition, borrowers are not required by the lender to offer any collateral.

Is obtaining $10,000 during an economic downturn even feasible? Well, for a borrower with poor credit, he or she may well have difficulty obtaining that amount of money from large banking institutions. There are ways, however, to get this amount of money. Just follow these steps:

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Step 1: Have a reliable job

Lenders want to know that you can repay the money that they lend to you. One way they are able know that, is if the borrower has a steady job. In most instances, if you have maintained employment with the same company for 90 days or more, this will meet the employment requirement in the current loan market.

Step 2: Make sure your bank account is in good condition

In order to qualify yourself for this kind of loan, make sure to have an active bank account. It doesn't matter if it is a savings account or a checking account or both, but having an account, and having had it for at least 90 days, is essential. Lenders want to know that you are responsible enough to keep your money in a safe place and trustworthy enough to keep up on any fees that you might incur for various reasons. If you have overdraft charges and you can't use your checking account until you pay them off, try to borrow a little money from anyone to get your account current, and then you can repay them with your loan.

Step 3: Have your paperwork in order

How are borrowers able to provide proof of their ability to repay their lenders, let alone their identity? Well, especially since there is no credit check involved, you must have supporting documents. Anything that a lender can use to make sure that you are who you say you are and have a monthly income is going to help you in obtaining funds. Examples of supporting documents include pay stubs, recent bank statements, appointment letters, and a driver's license. The loan process will be much quicker and easier if all of your paperwork is in order.

Step 4: Shop around for the best interest rate

There are many lenders offering guaranteed loans at a variety of different interest rates, particularly in an uncertain economy. To save yourself some money, it is advisable to look at interest rates and late fee charges offered by different institutions before signing on the dotted line. Another thing to look for is prepayment penalties. If you find a lender who won't charge you for paying back the loan ahead of time, then you can save some money on the interest payments.

In short, you can get quick funding as long as you make certain that you meet the requirements of the loan provider. Just be sure to use your money wisely, have your affairs in order, and make your payments on time.


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