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If you need money right away, Guaranteed payday loans for poor credit Canada may be the best option. Instant approval payday loans are a great option for people who live paycheck to paycheck and need money on a short notice. The repayment terms are also very short, so if you need money quickly, an Instant approval payday loan may be the best option. Listed below are some things to keep in mind before applying for an instant approval payday loan. To avoid getting rejected, be sure to have all of the necessary documentation on hand.
Guaranteed Payday Loans For Poor Credit Canada
Getting an instant approval payday loan used to be difficult. Before, applying for an instant approval payday loan meant driving from store to store. While this option still exists today, it can take up to two days and you may be turned down by the lender if your credit score is not good enough. Even then, you may have to submit collateral to get the money you need. Fortunately, there are now many options that do not require credit checks, and you can apply online without any hassles.
While instant approval payday loans are popular, they do come with high APRs. A $100 loan will cost you $130 to $115 each time you fail to repay it. Taking out a payday loan will help you deal with your financial problems. But it can be a costly mistake if you fail to pay it back on time. So it’s important to know exactly how much you can afford to borrow before your next payday.