It is almost impossible to find installment payments for a guaranteed bad credit loan because many (if not all) direct lenders tend to use some type of credit check method and do not have an approved guarantee. Although lenders may not use so-called hard credit checks, in reality they will try to verify certain things such as employment and income to determine how likely you are to pay them off if they allow you to borrow from them.
In other words, the guaranteed bad credit guarantee installment loan is a myth, and some lenders try to use it to attract more applications. Things such as not offering credit check installment loans are another example of some lenders using these terms for the same reason. The idea of guaranteeing installment payments is actually a bit funny, because any lender will not operate that long as long as it guarantees approval and only allows anyone to borrow without checking whether it can be paid off.
But if you think about it, approving or guaranteeing installment loans is not so surprising. If you are a lender, you probably want to make sure that you can get the repayment and do some kind of checks yourself to reduce the risk of others borrowing money from you.
Guaranteed installment loans from bad credit direct lenders
People with bad credit will be attracted by the idea of direct lenders to provide guaranteed installment loans, except for the myth explained above why the idea of approval is not approved, because most (if not all) lenders will conduct some kind of credit check. However, another consideration when applying for an installment loan is that if you visit a store and have a poor reputation, you have less chance of being approved. The reason is that you are applying for a brand. When you apply through Flex Loans Online, we will work with multiple lenders and evaluate whether to lend to you in most of their own unique ways. This means that you will have more chances to be approved through our application and the lenders working with us, because you will submit your application to multiple lenders through us. Unless your credit is really bad, we usually provide lenders for many (if not most) applicants. But in any case, saying that guaranteed installments are absolutely misleading and not true, because there will always be some that have not been approved.
Instalment guarantee guarantee
As mentioned earlier, the idea of having guaranteed approved bad credit installments is more fictitious than anything, and is a way for lenders to try to attract applicants with bad credit. In other words, they do not exist because most (if not all) lenders will perform some type of credit check to ensure that your loan will be paid off before the due date. If you think about it, the whole idea of a guaranteed installment loan is actually a kind of entertainment.