Yes, payday loans are for emergency purposes and should not be used for everyday expenses. These loans are typically for $500 or less but can go as high as $1,000 in some states. Each state has different regulations for payday loans. Check your state website for your regulations. They are in the Secretary of State section of your state’s website. First, you want to not assume there's a 'guaranteed' payday loan. At Compacom, we are proud that we refer quite 80% of loan requests to lenders who will lend to you. However, we cannot achieve 100%. this is often thanks to factors we cannot control, including if you've got previous loans you defaulted on, sleep in a state that doesn't allow payday loans, e.g., New York, or other factors. We present your loan request to our 120+ lenders and roll in the hay quickly and securely, just a couple of minutes of some time , in order that you've got your answer fast. With quite 80% of loan requests approved for a few amount, we offer the simplest odds for your request to be approved.