An advertising promise must be read with its conditions

The phrase guaranteed approval does not establish that every applicant will receive a loan. A provider may still impose residence, identity, income or other conditions, and the advertised product may be a card rather than a cash advance. Capital One’s guaranteed Mastercard is an example of a named product with published eligibility requirements; it should not be described as an unconditional loan or immediate access to unrestricted cash.

Distinguish a conditional card offer from a cash loan

Read the conditions before supplying sensitive documents, and obtain the creditor’s identity and proposed agreement. The Canadian Anti-Fraud Centre warns about loan scams that use attractive approval claims and demand payments before releasing promised funds. A claim of no refusals is particularly unhelpful when the seller will not explain the actual assessment or repayment obligation. Compare the written terms with the advertisement, and treat a demand to send money by an unusual route as a reason to verify independently.

Question pressure to pay for guaranteed acceptance