As a borrower, you should know that there is no such thing as a guarantee when it comes to a loan. People who want guaranteed payday loans no matter what are kidding themselves. The closest the lenders have gotten to guaranteed payday loans no matter what in Canada is that they are offering a loan with more flexible criteria than the banks.
These lenders ignore your bad credit history (here’s how other people can affect your credit score) or your lack of a perfect credit score in order to charge a high interest rate. They are also more interested in your ability to pay back the money in time. For that, they study your current sources of income.
The online loans in Canada provided by these lenders are usually offered quickly and must be paid swiftly to avoid high penalties. Also, these lenders have some specific eligibility criteria that must be met for a loan to be approved. To know more about guaranteed payday loans in Canada, just keep scrolling!