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Instant Faxless Payday Loan

Updated on May 23, 2009

In Times of Emergency

Guaranteed approval payday loan is beneficial for people living from paycheck to paycheck. All face the financial crunch in one or another stage of their working life. When something urgent comes up, waiting for the check of your salary isn't an option anymore.

Worse, after exhausting all your disposable income on the current month, you realize that some important bills are outstanding.

What's the best recourse in that case? Banks? Banks take notoriously and exceptionally long time to approve the loan, bearing in mind that you must be qualified enough to secure a loan.

In times of urgency, your best bet is instant faxless payday loan.

An Overview

To apply, there are a few simple steps to take.

First, you must fill out an online form to apply for any payday loan. The application process is simple and mostly they ask about your basic personal information, employment details and bank details.

These financial companies have a foolproof system that allows them to accept your application in minutes via the Internet.

No fax is required for any documents to get loans. This is why they are called instant faxless payday loans.

After approval, funds are transferred to your checking account the next day or the day itself. These companies no credit check for approval, so that even people with credit problems can get 100% guaranteed approval payday loans.

However, there are some basic requirements to be eligible for faxless payday loans. You must be a citizen of 18 years or older, working full time over three months with minimum monthly salary of $ 1000 and remain in the same house for more than three months.

Typically, the payday loans are short term loans for a period of approximately two weeks. You must specify expiration date on the application form. Accordingly, the lender for borrowing the amount from your account on that date.

If necessary, you can also discuss postponement of due date with your lender and obtain an extension for another month by paying minimum charges.

Benefits of Faxless Payday Loan

Similar to 30 day payday loan, faxless payday loan provides a high approval cash advances without qualification. You do not need any documents like bank statements or paycheck proof. You do not need any guarantees or asset evaluation. You can get these loans approved from the comfort of your home or office.

This system works completely on-line transmission of the form, lenders' verifying your details, transfer money into your bank and automatic withdrawal at the time of refund. The approval is for 1 hour. You may apply at any time of day, any day of the week.

Some of the main benefits of no fax payday loans are:

  • This type of loan is suitable for people with bad credit history
  • The loans can be repaid. In general, it is cleared from the bank account automatically.
  • The money is approved and transferred within 24 hours.
  • No need to send documents by fax.
  • If the borrower fails to repay the loan within the time limits may be extended for another term.

Once the borrower meets the basic criteria, usually within an hour of his request, an approval email will be sent to him. Then, within 24 hours, the cash is transferred to the account of the borrower - almost instantly.


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