No Fax Required Payday Loan: Internet Make It easy

There are various kinds of paycheck advances available, out of all of them, the no fax required payday loan can be deemed one of the fastest and easiest ones to secure quick cash. This cash advance loan is usually a small amount in the range of $100 to $1000, which is borrowed till you receive your pay. On your payday, you are expected to pay back the amount plus the fee to the lending company. The online no fax payday loan companies charge anywhere from $20 to $30 per $100 that you borrow as their fee.

Using The Internet For Securing Payday Loans

You can search for the advance payday loan companies on the internet. In the growing world of online business, almost all lenders have websites through which you can directly apply for the no fax required payday loan. You have to fill up the online form and the approval is sent to you within a few hours. After that, you have to go through the terms and conditions of the loan, agree to them and send your consent. You receive the borrowed amount in your bank account through direct wire transfer through the internet facility.

The whole process is rather simple and it´s designed in such a manner that it extends fast financial support to you in times of emergency. When you are facing a sudden money crisis, the only thing that you would want is a reliable source through which you can borrow money to meet the urgent requirement. At that time, you would not want any waiting time or questions asked regarding what you would need the money for. The online no fax required payday loan provides just the same to you.

The Eligibility Requirements

The criteria for eligibility for the no fax required payday loan is straight forward. You need to fulfill the following conditions-



1 You must be a legal US citizen.

2 You must be at least 18 years of age or older.

3 You must be in a stable job, working for the same employer for at least last 3 months.

4 Your monthly salary should not be less that $1000.

5 You must have an active bank account in your name.

The basic criteria are as mentioned above; they can vary slightly from company to company.

In case of personal paycheck loans, the companies do not ask you to fax any documents like your pay stub, your bank account details, bank statement etc. They verify everything online through the phone and internet tools. The same day no fax payday loan is a fast money option as the cash is delivered to you within 24 hours. But do remember to use this facility only in case of emergency situations- such as ones where you are unable to wait till your payday. The fee charged is high; the late payment penalties are even higher and lure for fast cash is over-whelming. It´s better to first exercise some control over your financial condition and restrict your expenses. If faced with extremely pressed financial conditions, do take advantage of the no fax required payday loan…it is yet another alternative that can bail you out in contingencies.

No fax required payday loan means simple application and speedy disbursal of money. The amount is deposited in the borrower´s account within 24 hours in case of same day no fax payday loan.The process involves no paperwork, thus online no fax payday loan is rather convenient.
source:http://www.losangeleschronicle.com/articles/56376

No Fax Payday Advance – Easy Cash

Urgent requirement of cash may arise for anyone of us at anytime. You may need cash because of the need arose by sudden medical bills, telephone bills or anything.

No fax payday advance is the best answer to tackle these emergency financial problems. The biggest benefit of no fax payday advance is that you can get the loan pretty fast and directly into your account. Sometimes it takes only few hours to transfer the loan in your account.

Availability

It is very easy to get no fax payday advance as all you have to do is to apply for it. The information you supplied is then verified by the lender. Your credit report is not checked but it is necessary that you should be employed. Applying and getting loan is very quick procedure and it may be approved in a few hours too. Also online appliers get extra benefit in the matter of time and comfort as the loan is granted quickly. With no fax payday advance, you are not required to fax any documents for the loan grant.

It is a short term loan usually granted for 2 to 4 weeks. So it’s necessary to pay it on or before due date. Its interest rate is a little higher then traditional loans but a borrower can’t feel the burden as it is to be paid in a short term. The exact loan amount being granted depends much upon your exact monthly salary and your credit rating.

Advantages

One of the most significant advantages of payday cash advance is that it is approved easily and takes minimum amount of processing time. It meets the emergency needs of day to day life. Also having poor credit generally does not matter in the approval of payday cash advance.
The requirement for the qualification for payday cash advance is very simple in terms. All you need is to be an employed person drawing regular salary.

Andrea Fletcher is an MBA with a Master's in Finance. She has an expertise in writing on topics related to finance. Here she shares her views on no fax same day loans.

source:http://www.bestsyndication.com/?q=20080314_no_fax_payday_loan.htm

All About Payday Loan With Savings Account Only

There can be certain situations in your life where you require urgent cash to meet certain unexpected expenses. You may have a car breakdown, some house hold repairs, overdue payments or medical expenses which need to be cleared before your next paycheck. To meet such expenses, when you seem to be running out of other viable options, here is the alternative of payday loan available with savings account only. The processing time of these loans is quick and is usually done within 24 hours of application.

Procedure

There are some details that you need to furnish for the speedy processing of the application as well as for increasing your chances of approval. You need to give your name, address, contact number, place of work, position in the company, duration of employment, work contact details and employer´s name and address. These details will give the assurance to the lender that the borrower is in employment. The borrower is required to be at his present job for a minimum period of 6 months. You also need to give your bank account details where the money gets wired directly into the account.

You need to ensure that you fill your details correctly. This will reduce time taken to a great extent in checking the application as well as with the processing.

An online submission of the application form is also highly convenient as you can file your form at a faster pace and can obtain speedier approval. You also have the advantage of accessing the internet from anywhere, thus making a quick payday loan application. The companies usually respond to customer applications, requests, and queries within 24 hours. You can thus have instant cash advance approval from any part of the world. The faxless savings account payday loan also gives you the benefit of fast processing with no faxing of documents.



More Security

Payday loan using savings account gives more security than some other cash advance loans. There is security with submitting the application online and the loan amount, after approval, is credited directly into the bank account. This is a safe and secure way of depositing the money and also ensures speedy delivery. These loans also allow the customers to hold on to their privacy and their information is also kept confidential.

No credit check is done for savings account payday loan and thus even those with a poor credit score can avail these cash advances to meet their urgent cash requirements. Availing these cash advances also give an opportunity to these people to work on their credit scores by ensuring timely repayment of the borrowed sum.

The payday loans should be applied for only if you are in real need of money. Try and meet your expenses without these quick paycheck substitutes as they come with high interest rates. Do make it a point to repay the borrowed amount as soon as you get your paycheck as otherwise you will have to pay an exorbitant sum due to added interest and other penalties.
source:http://www.losangeleschronicle.com/articles/55085

Payday loan bill advances

A bill to cap fees charged by payday lenders moved to the full Senate on Wednesday despite pleas from the industry that it would be killed off by the measure.

The Senate Judiciary voted 4-3, on a party line vote, in favor of House Bill 1310. The bill limits the annual interest rates on deferred deposit, or "payday" loans, to 45 percent. Currently, the fees charged on a payday loan translate to an annual percentage rate of more than 390 percent.

A coalition of political, social and religious groups has targeted the industry, saying it profits from customers trapped in a cycle of debt. Figures from the Colorado attorney general's office, which regulates payday lenders, estimates the "average" customer paid $573.06 in total finance charges to borrow $353.88 for about 51/2 months.

"A payday loan is not set up for success - it's set up so that you get into that cycle," said Dale Mingilton, a board member of Mile High United Way and a former banker.

Payday lenders, as well as their employees and customers, came out in force to testify against the bill. Employees expressed concern about their jobs, while customers testified that the loans got them through tough times.

Some lenders owned just one or two stores, like Richard Patnoe, who owns Cash Outlet in Longmont and Dacono. He makes very little on his utility-bill payment, money-order and Western Union services, he said, so if payday loan fees are cut, most of his profits will be, too.

"There seems to be the impression that some stores will stick around. Mine will not."

The hearing also attracted the CEOs of regional and national companies.

MoneyTree's Dennis Bassford said if the bill is approved, "I will be forced to close all 13 of my Colorado locations."

Senate President Peter Groff, D-Denver, the bill's sponsor, said the purpose wasn't to shut down the industry, though he was not concerned about lenders who would close.

"Innovative businesses" and credit unions "would step into the void," he said.

Source:http://www.rockymountainnews.com/news/2008/mar/06/payday-loan-bill-advances/