Payday loans are provided to consumers, who need cash to take care of unbudgeted expenses that happen between paydays, Payday loans are required to be paid in full on the next payday. The guaranteed payday loan is one such loan which helps with small amounts of cash, with a short-term policy for about two to three weeks. Though the maximum limit is $1,500, the actual amount a lending company will provide consumers is based on their monthly salaries. One major drawback of payday loans is the high interest rates, and if not paid on time, the consumer can get deep into financial debt. But if the consumer is in urgent need this drawback need not be taken into consideration. However, consumers should refrain from repeatedly getting payday loans. Take a payday loan only if you are sure you can repay the loan on time. Be sure to read the fine print on the loan documents so as not to get cheated by fraudulent payday lending companies. visit website