Sunday, August 25, 2019

How payday no denial loans help the average borrower.

Lenders on the internet offering same day loan no denials can be skeptical of lending to borrowers who do not have a proven record if being able to make consistent payments on time to pay off the loan or loans they recieved in the past. Many of our borrowers are new and this is the 1st time they are using a service like ours and this is the reason they often have a hard time finding a lender because lenders like us usually do not approve loans from 1st time borrowers. A 1st time borrower is one of the riskiest type of clients for us to lend to and as such this is the reason we usually will not lend to this class of borrowers.

If you are a 1st time borrower there are not many things you can do to guarantee yourself funding because it is just too risky for us to lend to you however there are things you can do to increase your approval chances.

These things include

1- Dont take out too much of a loan

Only ask for what you need since the more money you ask for the higher your payment will be every week every 2 weeks or every month and as a result the higher your risk of defaulting on the lender. Perfect example of this is we had a client who was making $1200 monthly and they took out a loan with us for $4800 dollars. When they had paid us back about $2000 they were fired from their job and although we worked with them the next 12 weeks they missed payments as a result it went into default status and now they owe $6200 with all the fees. This is why our advice is always only take what you need.

There will always be small problems that come up in life however if you are determined you can make sure to avoid these as much as possible when borrowing with us. 



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