Thursday, April 21, 2011

No Fax Cash Advance - Fast Way to Quick Money

All of us know that payday loans are fast loans, and in order to make them even faster, we can borrow a no fax cash advance.This is a payday loan that is the easiest to avail, and the fastest of the lot.
Generally payday lenders do not keep the condition of submitting documents for verification. But there are a few lenders who ask the borrower to send important documents by fax. Only after the lender receives the fax, is the cash advance application forwarded for approval. With such a type of transaction process, the approval takes a couple of days.

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But if the borrower opts for a lender who does not ask for sending documents by fax, then the approval of loan takes just a few hours. In a matter of one day, or even lesser time than that, the borrower can have the borrowed amount credited in his account. Thus, a no fax cash advance is always a better option while taking a payday loan.
Verifications Required By The Lender
The best thing about a no fax cash advance is that the process of getting the loan is not at all complicated. It is accessible to most of the people easily. If a person is above 18 years of age, has a permanent job, and holds a bank account, then he is fully eligible for a payday loan. Cash loan lenders do not require your past loan records. So your bad credit history does not pose a problem.
Records Required By The Lender
Bank Account Details
Proof of Employment, Office ID, Offer Letter, etc.
Proof of AgeThese are the basic details required by most of the lenders for a no fax cash advance. Some lenders can however ask for additional details.
If the lender has an online transaction facility, the borrower provides these details through the online form available on the lender's website. After receiving the form, some lenders verify the details with the borrower before approving the loan. This is generally done over the phone. After this, the no fax cash advance is credited in your account.
Some More Facts About Payday Loans
Payday loans are available within the range of $500 to $1500
The payback period of the borrowed amount is 15 days, and in some cases, up to 1 month
The interest charged on the credited amount starts from $15 and goes till $30 per $100

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