Archive for: ‘December 2011’

Payday Loans No Faxing Are Available To Help

December 9, 2011 Posted by admin

These days, many people have discovered payday loans no faxing as a way of meeting their sudden expenses in between paydays. Financial emergencies can range from any number of sources from unexpected medical bills to car or home repairs, etc.   Having this avenue of assistance can make all the difference.

One can easily access one of these loans since the entire process is completely online. Your approved loan amount is directly deposited into your bank account and you can use it as per your requirements. These loans are quite helpful in financial emergencies when you have no other way to arrange for cash.

Guidelines regarding these loans

When compared to those of traditional banks, you get instant approval for these loans.  You can borrow from $100 to $1,500 for a period of one month, or until your next payday, whichever is agreed upon by the lender.

There are only a few requirements of payday loan providers. You should be a US resident, have stable employment, and you should also maintain a checking account where your salary goes every month.  Your monthly income, after taxes, has to be sufficient to support the loan amount that you need.  Being able to meet your other financial obligations also has to be taken into account.

In the past few years, there has been an amazing increase in the number of payday loans being offered.  For many, these loans have emerged as the best solution for their small financial needs. Being a highly regulated industry, lenders have to comply with strict lending guidelines or risk being labeled as a predatory lender.  This means extra protection for the borrower.

Application Process

Once you have searched for a loan provider, you can visit their website and fill out the application in a secure environment.  Your information and identity are kept strictly confidential.  There is often no credit check and once the details provided by you are confirmed, the loan amount is electronically transferred into your account. You will have to return this amount, plus any applicable fees, on your next payday.

If you find that you are unable to meet the repayment deadline, the lender has the option of extending your contract due date- for a nominal fee.

When you utilize payday loans no faxing it means that you are taking the first step in getting yourself back on track. Having this kind of emergency fund readily available gives you the peace of mind that you need so that you can focus on repairing the damage before it gets out of control.

No Fax Payday Loans Are There When You Need Them

December 9, 2011 Posted by admin

No fax payday loans are often called fax-less payday loans. If you need money in a hurry, nothing can take their place. These loans do not commonly require the hassles of a standard payday loan. Because a great deal of loans call for documents to be faxed for approval, the concept of no fax loans was born. It means you can now apply for them any time of the day and it saves you the trouble of finding a physical store location or access to a fax machine.

These loans have grown in popularity since their introduction.  This is a new way that the convenience of payday loans have been made that much simpler to use.  They are essentially a short-term loan contrived to offer financial aid with no delays.  This means that online approvals are even faster.

Many lending institution do not even check your credit history, which makes them more appealing. However, you will need to meet certain qualifications.  You should have a permanent job with a steady fixed monthly wage.  You need to be a minimum of 18 years of age,  have a valid checking account, employer’s phone number and proof of  residency.

There is also an income requirement.  Most lenders require a minimum income of between $1000 to $1500.  The loan are normally approved in 24 hours or less.  The amount you qualify for varies among lenders, but you can get anywhere between $100 and $1000, based on your monthly take-home pay.  Qualifying is also based on how much pay you will have in reserve for your other financial obligations. Fees are also based on the amount borrowed, so, for example, it can be $10-$15 for each $10 you borrow.  This means that if you take out $1000, you will pay back $1100.

Be certain you understand all the terms before applying for no fax payday loans. Know about all of the fees since you may be billed for a processing fee or extension request.  Remember:

  • Comparing lenders can save you money
  • Never go with the first company you find
  • These loans may not be suitable to all situations
  • Do not borrow the money unless you really need it
  • You should only take out amounts you can comfortably afford to pay back.