If you are wondering whether guaranteed bad credit loans exist, the answer to that question is a definite yes. All that you need to do is find out where and how to get access to them.

Let’s face it, not everyone manages to maintain a near perfect credit score, if they did, everyone would be living in homes they owned rather then renting. But if you work hard enough, even if your credit history is not great, you can still get a bad credit loan.

One of the biggest requirements any lenders will look for before approving guaranteed bad credit loans is your income. You have to have a minimum of at least $1,000 a month of income and you need to be able to prove that you have made this much over the course of the last 3 months. You also cannot be currently in the middle of a bankruptcy, but any discharged bankruptcies will not matter. Then assuming that you are of the legal age and that your checking account is not delinquent you will be able to find a guaranteed bad credit loan.

The most common of these types of loans is that of the payday advance which can be obtained from a number of locations including the internet, pawnshops and even convenience stores. There is never any co signer needed for these types of loans, or any collateral. All that is required is that you have a bank account for which to draft a post dated check to insure timely payment of the loan.

In some cases this will also require an approval period which takes about 24 hours to complete. At first you may be limited to the amount of the loan but after having completed several of them through the same company and paid in full, you will soon be able to borrow the sum of an entire paycheck’s worth of income.