Payday Advance With No Faxing
Thanks to advanced technology, you can apply for a payday advance without the need to fax any documents. Having to find a fax machine in order to apply for a payday loan is history. Faxless payday advance makes it possible to apply online. You simply enter your information when you fill out the online application. Make sure to enter your contact information and employment details. The lender will verify the information by using either of two methods. He may crosscheck the details using a third party, or he may decide to run the information through a centralized database provided by a financial institution.
The verification process is much shorter when you apply for a payday advance with no faxing. If all the information is correct and everything checks out, the person is eligible for a loan. Lenders will approve your application in minutes and advance funds within one business day. This quick process is very beneficial when you find yourself in a crisis and time is of the essence.
Are You Eligible for a Payday Loan?
Basically, payday advance loans are unsecured loans. This means that you do not have to be a homeowner to qualify for a loan. The most important requirement to obtain a payday advance loan is to have a steady job. Some lenders may require that you have been at the job for a minimum of three months. Additionally, you must receive a regular paycheck (either weekly or bimonthly). Lastly, you must be receiving your paycheck through direct deposit to your bank account.
Normally, payday advance loans do not require a credit check. You do not have to worry if you have bad credit or late/missing payments. Payday lenders consider your current ability to pay back the loan and not your credit history.
How Much Can You Borrow?
The purpose of short-term loans is to provide relief. Their purpose is to get you out of a financial crisis. Loans typically range from $100 to $1,000. The repayment period is from 14 to 30 days. If you take your time to do your research, you may be able to find a lender that does not charge interest if you repay the loan on time. You would do well to make sure that you pay your loan on time to avoid additional fees, which could start a different chain of events.
We encourage you to compare interest rates from multiple payday lenders. Even a fraction of a percentage rate can make a difference. Payday advance loans can be a great tool for when you have financial difficulties, providing that you use them intelligently and cautiously. They are fast, easy and no faxing is required.