If you believe in shopping today and paying tomorrow, you will be happy to use a cash till payday loan. This is the only form of credit that you can get without a credit history check being run on you. So if you have bad credit ratings and a financial emergency to take care of, getting a cash advance may be the answer for you.
All you need to get a loan till payday is a job that you have held for at least three months and a bank account. If you satisfy these two conditions, you qualify for a no fax payday loan. Now you just have to fill an online application form and enter your employment and bank details. The cash advance company will not ask for any documentation or faxes from you. Usually they will approve your loan within an hour and make the deposit within a day.
Benefits Of A No Fax Payday Loan
Most bank loans are cheaper than a loan till payday. But banks are required to review your credit history before giving approval. They also ask for collateral of some sort. A bank loan usually comes after a lengthy and cumbersome processing of your request. On the other hand, a no fax payday loan is unsecured and quick. This makes a cash advance more preferable than a bank loan for almost everyone.
The amount you can borrow as an easy payday loan is directly proportional to your salary. The loan company is just interested in getting its money back on your payday. So they don’t bother to run a check on your credit ratings. Because they are easy to get, many military people also rely on payday loans to tide over a financial crisis. Military payday loans are usually cheaper than other payday loans and are also almost always approved.
Most companies expect you to be over 18 years of age to qualify for a fast payday loan. Cash advance companies will also expect you to have a bank account as it is preferred to do all the transactions through bank accounts. They also prefer to do business with clients who are in a steady job, which they have held for at least three months. A no fax payday loan is usually given to people who earn at least $1000 per month.
Usually a cash advance loan company will ask you to fax in documents like a proof of identification and age (such as your driver’s license), salary slips etc. But when you opt for a no fax payday loan, the company will just ask you to fill in the form. It will validate your employment, salary and bank details from your employer and bank directly. Therefore, if you wish to keep your loan a secret, getting a no fax payday loan won’t be of much use. But there’s no denying the usefulness of loan till payday.