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8 Best Guaranteed Payday Loans No Matter What Canada

Most Canadians have been led to believe that there are guaranteed payday loans no matter what in Canada.

This is because, some lenders claim to offer guaranteed payday loans for those with bad or no credit, and even those who have already defaulted on previous loans.  

But let me tell you, this isn’t true. Guaranteed payday loans no matter what are nothing more than a business scam. 

You’ve probably heard of guaranteed payday loans but you haven’t thought about whether they are a good deal or not. 

In this article, we will discuss everything you need to know about guaranteed payday loans no matter what in Canada. We will also provide you with some of the best alternatives.

So continue reading to find out!

Guaranteed payday loans no matter what Canada
Photo Credit: Gildas Gildas

What are Payday Loans?

Payday loans are short-term, high-interest loans that are intended to cover a borrower’s expenses until his or her next payday. 

They can be used to pay bills, pay for other expenses, and even to meet other unexpected emergencies. 

Payday Loans are an ideal alternative for people who have a hard time getting loans from traditional sources due to poor credit or other reasons.

Unlike traditional bank loans, payday loans do not require collateral. Most payday loans also don’t require a good credit score. 

Payday loans can be paid back over a number of weeks or months depending on the lender you use. 

Also, each lender has its own set of rules and regulations regarding how much money can be borrowed, how much interest will be charged, when payments must be made and so on.

However, these loans often come with high-interest rates and fees. As a result, it is advisable to only use them when you are out of options.

Does Guaranteed Payday Loans No Matter What Canada Exist?

As mentioned above, there is no such thing as guaranteed payday loans no matter what in Canada.

The truth is that most lenders run background checks on their applicants before approving them for a loan. 

This means that they are looking at your credit history and any other information you provide to them when you apply for a loan. 

They will also look at your employment history as well as your income and other financial details that are relevant to the amount of money you are borrowing. 

If any of these things are missing or if there are any problems with your credit history, then it is more likely that you would not be approved for a payday loan.

This is because these lenders want to make sure that the applicant can repay their loan on time and in full every month. 

They do not want to risk having bad debts written off against profits because they did not make sure that this was possible before approving an application.

There are some lenders out there who offer payday loans that are almost guaranteed but it’s important to know that these types of loans are not usually a good idea. 

This is because they can end up costing you more money than they’re worth due to high-interest rates and penalty fees.

Guaranteed Payday Loans No Matter What Canada 

Although there are no guaranteed payday loans no matter what in Canada, a lot of lenders provide loans with high acceptance rates.

When you are faced with an emergency and need to borrow some cash right away, these direct lenders can be a great help. 

They offer a fast and easy application process so that even those with poor credit scores or no credit history will be able to get approved for one of these payday loans quickly and easily.

Here are some of the best payday loans that offer instant approval in Canada:

1. iCASH

iCASH is a prominent online loan provider whose goal is to assist Canadians with their urgent financial needs.

Your ability to pay back the debt is more important to the company than your credit score. This means even if you don’t have a good credit score, you can be approved for a loan from iCASH.

The company is renowned for its top-notch customer service and financial transparency. iCASH ensures that you get your loan promptly.

Applying for a loan online is simple with iCASH, and you can get a payday loan of up $1500 to settle your urgent financial needs before your next paycheck.

To compensate its consumers, iCASH also provides a special Cashback program. Upon loan repayment, you may receive up to 20% of the amount you spent on borrowing with the program.

2. Payday Hunt

Payday Hunt is a loan provider that compiles all of the top alternatives for online guaranteed payday loans for Canadians.

Its mission is to help Canadians find the best and most affordable payday loans available.

Payday Hunt connects you with over 300 lenders where you can easily get a payday loan with instant approval.

You can get access to a loan through Payday Hunt any time any day with flexible repayment options.

The best part is that you can get a loan that is up to $5000 without providing a collateral or guarantor.

3. Crediteck

Crediteck is one of the top leading agencies that focus on helping you find a lender for any type of loan you need, whether it’s a payday loan or an installment loan.

Loan amounts between $100 and $1,000 with durations ranging from four to twenty-four months are available through a quick application process on the Crediteck website.

The company’s website is easy to use and navigate, with clear information about the types of loans available through them. 

They also have an extensive list of lenders listed on the site, so you can find a lender that suits your needs best.

4. Canada Payday Loans

Canada Payday Loans is a reputable lender that offers small, short-term cash advances that are deposited directly into your bank account.

With Canada Payday Loans, you can get a quick payday loan that ranges from $500 to $50,000 within minutes of application.

There’s no need to wait around in line at an office or fill out any paperwork at home; all of this can be completed online.

You can then use these funds for any personal expenses, such as paying utility bills or paying hospital bills. 

5. Payday Mart

If you’re looking for a payday loan with reasonable interest rates and fees, Payday Mart is one of the best places to start your search.

Payday Mart’s website includes tools that allow users to compare different lenders’ rates and fees based on their credit score, income level and location. 

With Payday Mart, you can get a payday loan regardless of your credit score or financial history. 

This is a great way to take care of unexpected expenses, pay bills, or avoid getting into serious financial trouble.

6. My Canada Payday

My Canada Payday offers loans to people who are in dire need of money due to unforeseen emergencies and other financial problems. 

The company’s goal is to provide loans to those who have been refused by their banks or other lenders in the past and help them get out of financial distress. 

My Canada Payday offers payday loans regardless of your current financial status or history. You can get a loan of up to $1500.

The best part is that you won’t need to provide any documents or proof of employment when applying for a payday loan with My Canada Payday.

All you need to do is answer a few simple questions about your income and financial needs.

Once you do that, your application will be reviewed by the company’s team members and processed accordingly. 

7. Friendly Lender

If you have bad credit, it might be difficult to qualify for a payday loan. However, with Friendly Lender, you can get a payday loan regardless of your credit score.

To qualify for a loan with Friendly Lender, you have to be a Canadian citizen who is up to 18 years old.

The company’s website has detailed information about different types of loans and how they work so that you can make an informed decision about which one is right for you.

The main advantage of using My Canada Payday is that they offer personalized service that goes beyond what banks and traditional lenders offer. 

You can get a loan from My Canada Payday that ranges from $100 to $1,000 with flexible repayment terms of 4 to 24 Months or even more.

8. Mr. Payday

Mr. Payday is a direct lender that offers personal payday loans no matter what your credit score is. 

The company has been in business since 2002 and has helped thousands of Canadians secure cash advances quickly. 

Mr. Payday understands that it can be difficult to qualify for a loan while you are struggling with bad credit, so it provides the best possible solution. 

With Mr. Payday’s easy application process and fast processing time, the company ensures that all your needs are met within minutes of submitting your application form online.

How to Apply for Payday Loans in Canada

The best way to get a payday loan in Canada is to easily apply online from the convenience of your home.

Payday loan approvals are instant, and you do not have to wait long at all while your application is reviewed. 

To apply for a payday loan in Canada, first, you have to choose which lender you want to work with and fill out their application form online.

Make sure you include all the required information, which may include your name, address, phone number and email address.

After providing the necessary information, the lender will review your application and decide whether they want to approve it based on their standards and procedures. 

If they don’t approve the loan request, you will be informed. But if they do approve it, they’ll send you an email confirming this decision. 

All you have to do is agree to the lender’s terms and conditions, which include an interest rate and repayment period.

After agreeing to the terms, your loan will be disbursed straight into your account within a few minutes.

You should however note that some payday loan companies perform a credit check to determine whether you can repay your loan in full and on time. 

As a result, if your loan application is denied, this could be due to existing debt or poor credit history.

RECOMMEND READING: Best Credit Cards in Canada

Final Thoughts on Guaranteed Payday Loans no Matter What Canada 

As you can see, there is a wide variety of lenders offering payday loans online in Canada. 

This article has provided you with a comprehensive list of suggested payday loan sites that can cater to your financial needs. 

The payday loans in Canada that we have recommended all come with guaranteed approval. 

This means that you will be able to borrow the money you need, without having to worry about being turned down.

However, the best option is always to compare several payday loan rates to find the best one for your situation.

Also, you should make sure the lender you choose has been licensed. If not, don’t use them.

Additionally, the lender must provide you with all the necessary information about the loan and its conditions.

Hopefully, this article has helped to clear up some of the confusion around guaranteed payday loans no matter what in Canada. 

Be sure to share this article with your friends and family who may also be looking for a guaranteed payday loan in Canada. Thanks for reading!

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About John Adebisi

John Adebisi is a CPA, FCCA and MBA holder with a Bachelor's degree in Accounting & Finance. He has over a decade of experience in writing personal and business finance content for audiences across North America, Europe, the UK and Africa. In addition to his writing experience, he also has a strong background in financial research and analysis, giving him a unique perspective of the financial markets. John derives pleasure in helping people make smart financial decisions, and he believes that knowledge and experience can be valuable resources for anyone who wants to learn how to manage their money.

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