Showing posts with label cheep loans. Show all posts
Showing posts with label cheep loans. Show all posts

Sunday, August 3, 2014

5 Reasons Why No Fax Payday Loans are Easier to Qualify For, Faster to Receive, and Cheaper on Your Wallet

5 reasons why no fax payday loans are easier to qualify for, faster to receive, and cheaper on your wallet


No Fax Payday Loans
One of the biggest downsides of getting financial aid is the very first step: Applying. Most people avoid loans altogether because they hate the application process—it’s often time consuming, annoying, and sometimes, even after all that work, it ends up not working out. Fortunately no fax payday loans lenders have implemented a new application process that gets borrowers their cash without a credit check or faxing.

If you hate the idea of applying for financial aid, here are 5 reasons to help you change your mind:


1). Applying for payday loans no fax required takes 5 minutes or less


Unlike banks, credit unions, and store front lenders, direct lenders work exclusively online. Borrowers don’t have to call to make an appointment, wait in line, or come into an office multiple times for paperwork. Any person interested in a no fax payday loan can go online and fill out a 5 minute application. The person is expected to fill out very basic information about themselves, like their name, address, e-mail address, employer, and income. After they finish their application, a direct lender that can fulfill their loan request ($200-$2500) will call the borrower and work one-on-one to reach an agreement. And just like the name of the loan suggests, there is no document faxing required.

2). Proof of employment is the only thing our lenders need from their borrowers


Most people that apply for payday loans with no faxing required get approved. The “big” qualifiers for the loan are proof of income, possession of a bank account, and a driver’s license to prove that the borrower is 18 years of age or older. If a borrower meets these minimum requirements, getting approved is almost always guaranteed.

3). Borrowers get their cash in 1-2 business days


Lenders require their borrowers to have a bank account so they can deposit their customer’s loan proceeds directly in the customer’s bank account. Because direct lenders work via direct deposit, all borrowers can expect to receive their cash within 1-2 business days.

4). No fax payday loans are cheap


Direct lenders compete against each other for business. Because there are hundreds of direct lenders working with one company, direct lenders are forced to lower their interest rates and/or fees in order to gain business. This process enables the customer to get a payday loan at a great price.

5). Borrowers don’t have to worry about when to repay the loan

Payday loans no faxing required direct lenders automatically deduct the amount a customer borrowed from the same bank account they deposited the cash into when the no fax payday loan is due. This process helps borrowers avoid late payment fees and penalties. As long as the cash is in the borrower’s bank account when the loan is due back, borrowers won’t have to pay any extra charges.

“No fax payday loans are great,” Monica James, a no fax payday loans customer said. “It’s not difficult to apply at all. It’s similar to filling out an online survey. It’s easy, cheap, and fast. I’d recommend no fax payday loans to anyone who would like to save time and money.”

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