The average household is living from paycheck to paycheck and this is just to pay the bills and keep the lights on. When an unexpected emergency comes up like a car repair bill or an overdue gas bill needs to be paid, there just isn't enough money. When these situations come up, consumers often turn to faxless payday loans.
There isn't a shortage of payday loan companies that offer these types of loans. So it is in your best interest to be cautious when deciding on a payday loan lender..
Taking your time and doing your research is a must. Compare and review interest rates that are reasonable as well as flexible.
In life, it is most likely that you will encounter the bad before the good comes along. The same can be said with online money lenders. If you don't do your research and sign up with the first money lender you see, you will more than likely be paying more than what you bargain for which will result in more financial burden in the future.
I highly suggest you use these guidelines when looking online for a no fax loan.:
#1 No Scanned or Faxed Documents
This is why they are called no fax loans. When you land on a payday loan site that says they offer these types of loans, make sure they do by reading the information given on their website. A customer service representative will be glad to answer any questions you might have before taking out a loan with them. Use this to your advantage to be sure their company offers no fax loans..
There are lenders on the Internet claiming they offer paperless loan services but when you submit your online application form, they will turn around and request additional information before they can process your loan request. To prevent this from happening to you, just contact their customer service representative, get his/her name, and make sure what is discussed is outlined on their website.
#2 No Credit Checks
The ideal no fax lender to work with will not conduct a credit check using your SSN# nor will they hassle you for any supporting financial documents, such as your previous years tax returns.
Before settling on a lender, do some comparison shopping with other lenders that offer faxless payday loans with no credit checks required. You can either speak to a customer service representative to help with your comparison shopping or you can read the information on their website.
#3 Competitive Interest Rates & Quick Approval
These money lenders want your business. They offer competitive rates and they are flexible with repayment schedules. They will also get you your money as fast as possible.
Many payday loan lenders will get you your monies the very same day after processing your application.. Others may get you your money within a few days. Before signing up with any loan company make sure you know when you will get your money and more importantly make sure you know exactly how much you will have to repay.
#4 Secure Submission Form
This is the most important step of all, make sure the cash advance lender has a secure website with security certificates displayed like MaCaffee Secure or GeoTrust. The last thing you need is your identity stolen.
When searching for faxless payday loan lenders, keep these four important guidelines in mind to get the best rates and results.
If you don't have the time and the patience to research these companies, you can always have an indirect lender do all of the leg work for you, but this costs extra.
Indirect lenders have access to a large database of payday loan lenders that use the information you give to them and match you with a faxless payday loan lender that fits your needs.