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To be precise, the bad credit loans on guaranteed approval direct lenders are useful. For sure, mainstream lending is important as people trust it but the direct lending is not behind incompetence. It wins the popularity with its speed and convenience.

The promise of assured approval – The approval on the loan is assured. With a guarantor and good income status, you can qualify for the loan and get an assured approval. The lenders need to see the repayment capacity in the applicant and if that is available, approval is an easy thing to achieve.

The instant approval decision – In the hurry to borrow funds you cannot wait for long approval procedures. The lenders provide funds on instant approval decision. After you submit the loan application, the approval decision comes in a few minutes.

Apply despite bad credit – Who says that you cannot get funds with bad credit? Of course, you can get and that too with the guarantee of approval. Like a good credit scorer, you need to apply with a second applicant and a good repayment capacity. If you are prepared on that side, there is no need to worry about the approval. The best part is, you can get more relaxation in rates if your bad credit situation is not consistent.

No upfront fee – It is true that some lenders take the upfront fee that is not good and ethical. But at the same time, there are some lenders who offer funds with fair deals, they provide funds without an upfront fee. Also, they do not take the hidden charges.

The bad credit loans on guaranteed approval by direct lenders are useful in every sense and the above points prove that.