No Fax Payday Loans are the newest form of payday loans.
As the name suggests, No Fax Payday Loans do NOT require any faxing of documents, and they can be applied for and approved online.
If you need money really fast, and don’t have any other, cheaper lending options, you should consider this type of payday loan first.
The old way of applying for a Payday Advance, or Payday Loan, was that you would have to fax a company all of your documents, proof of ID, proof of earnings, etc, which they would then look at to decide whether to give you the loan or not.
This process could take weeks!
Once a customer had been approved for a payday loan, the lending company would then send the customer a Credit Agreement to sign and fax back. Which again would take time – for some people this is fine and for others they need money really fast for an emergency!
Times change, and now No Fax Payday Loans are the most common and most popular form of Payday Advance Loans.
Most No Fax Payday Lenders will have an application form on the front page of their website.
You can fill in your basic details and apply for a payday loan in around 5 minutes.
You will then receive an instant or near instant approval decision. Most lenders can make their decision in under 15 minutes.
Different lenders have different criteria. Most of them will do SOME form of an electronic credit check the first time you borrow money from them, but no fax payday lenders will accept people with a much lower credit score than companies that lend money for longer periods of time.
If you have decided that a payday loan is you, it is DEFINITELY worth finding out if you are eligible to borrow money in this way. You can help to repair your credit a little bit if you take out and repay a payday loan on time, so long as you do not use them regularly.
If you would like to see the most popular and reputable no fax payday lenders, please click this link (added soon, we are still building this site!)