No faxing hassles
Faxless payday loans may allow many people who have internet access and a savings or checking account to instantly decrease some economic worries using always-available cash. Many types of loans require proof of identity and that usually requires faxing. Typically that is never a problem applying through us for a loan.
In our online application, we request all of the relevant identification and financial data that the lenders require to process your loan, no faxing required. This information is securely transferred to the lender who processes your loan, depositing your funds within the same business day, often within a few hours. It’s as simple as that.
Pros of payday loans.
Payday loans are not a long-term financial solution. If you're looking to get a payday loan, chances are your financial situation isn't good. While getting an influx of cash may remove your problems in the short term, it cannot fix the underlying problems that led you to a situation in which you needed such a loan in the first place.
Payday loans may be offered by a fraudulent source. Especially if you are applying for a payday loan online, it’s important to check out the company you plan to borrow from. Make sure that they are trustworthy
Payday loans involve fees and interest payments. The charges associated with a payday loan are quite a bit higher than for a standard bank loan. And if you are unable to pay your loan in full by the contracted time, the fees may double.
Payday loans require the borrower to be employed full time. If you are working part time or receiving unemployment benefits or social assistance, you will probably not be eligible for this type of loan.
Payday loans also require you to have a current bank account. You may believe in dealing with cash only, but payday loan companies think differently.
Payday loans are for relatively small amounts. Generally payday loans are issued for amounts of up to $1000. If you are looking for a larger sum, even if it is only for a short time, you will most likely have to find another source of funds.