Why Do Some Lenders Offer A Guaranteed Approval?
Anytime we go to our local bank to apply for an installment loan or personal loan, we always expect some sort of validation or verification process to go along with it. The bank pulls your credit report and likely validates your stated income before making a decision on whether or not to approve your loan request. The terms of your approval also very on the information received in their underwriting process. This is very common and most people don’t seem to expect it when going that route.