Before getting to the point of finding a trustworthy loan lender using a few tips and increase your chances of getting a loan in 1 hour. First, look at some of the common reasons to face payday loans with guaranteed approval rejection at most times.
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Do Not Have Sufficient Income: It is a truth that the
federal government no longer requires borrowers to have a monthly stable income
to become eligible for payday loans. Still, most of the lenders do not follow
this practice and want you to earn a sufficient monthly income. Because, in
case you do not, then the loan will be rejected.
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Fail to Credit Check: Although payday lenders accept bad credit holders and offer the loan at higher interest rates. Still, there
are few lenders who do not consider the profile of bad creditors and reject the
same.
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No Bank Account: The majority of lenders follow
the practice of offering loans to borrowers having a bank account in their
name. It is because they enable the auto-debit option so that loan repayment
gets debited automatically.
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Too Much Bank Account Overdraft: Lenders have the power to
request a copy of their bank statements and if they see the overdraft limit
goes to a higher extent, then there will be loan rejection.
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Paid in Cash: Lenders normally do not consider and even reject the
profile of borrowers who receive their salary in cash. It is because there is
no paper proof of receiving a fixed amount every month.