Monday, May 30, 2011

What is a No-Fax Payday Loan?

The term no-fax payday loan has arisen to meet the demands of consumers who wanted loans they could obtain that did not involve the hassles of finding a fax machine to fax important documents relating to the loan. Traditional loans will usually involve a great deal of paperwork, not to mention the time and money it takes organizing the necessary documents and then faxing them. All of these details can turn people off to applying for a loan, particularly when they only really need to borrow a small amount, and need it quickly.

Payday loans are indeed as a quick cash solution, so when you need money in a hurry, the less hassle the better. When a lending institution offers a no-fax payday loan, they are providing you with the opportunity to obtain a quick loan with only a small amount of paperwork. National Cash Credit's lenders offer a one page form to fill in online, without the need to fax any further information through to them. This ease of use means the cash from your no-fax payday loan can be in your account as soon as you are approved and the transfer has had time to take place.

In essence, a no-fax payday loan is the same type of loan as a payday cash advance and other general payday loans, the main difference is that you will know upfront that the no-fax payday loan process is going to be as simple and quick as possible. Many people in need of cash for an emergency that has arisen are choosing a no-fax payday loan in order to receive a quick solution to their current financial problems.

A no-fax payday loan will still need to be paid back within a set timeframe that is not normally longer than a period of 30 days. There are also limitations in regards to the amount you can borrow, although as a general rule most payday loans, including a no-fax payday loan, will involve borrowing an amount between $100 and $1500. This amount will usually need to be paid back in full on the day of your very next pay check and this will be set up to happen electronically, taking any further repayment hassles out of your hands as well.

Obtaining a no-fax payday loan will provide you with emergency funds when you need them, without the added stress of locating and faxing a number of detailed forms and documents as well.

National Cash Credit is a division of AtoZ Financials - No-Fax Payday Loans