No fax cash advances are simple to get approved for. In a matter of hours, you can have emergency cash to take care of your financial difficulties. Researching rates will also make sure you get the best fees. The entire process can just take less than an hour on your part.
Start By Researching Fees
Cash advances are designed to be a short term, usually two week, loan. So the financing fee for such a short period is reasonable when you shop around. By looking at lenders’ sites online, you can quickly find the APR. This would be the cost of the loan for the entire year.
While you won’t actually pay such a high interest charge, it may seem irrelevant. Actually, it is a helpful tool to compare fees. Since every financing company has to post this number, you can make a quick comparison and move on to the next lender. In a matter of a few minutes, you can have over a dozen quotes and then pick the best one.
Quick Online Application
With a no fax application, you provide your personal information over a secure server. Basic information, such as age, address, and income source, are required. You will also need to submit your checking account and routing number, which you will find on your checks. Fortunately, with a faxless process, you don’t have to send in copies of your pay stubs or banking statements.
Before you submit such sensitive information, make sure you are dealing with a legitimate lender. As a rule of thumb, you should have of way to contact the lender if you have a problem. The lender should also post all required information, such as fees and payment plans.
Look For Your Cash
Once you press submit on your application, you can expect your approval in minutes. Your cash advance will also be on its way. Some lenders promise funds in hours, but most take overnight to deposit cash into your checking account.
With a direct deposit, your funds are immediately available. You don’t have to wait for a check to clear. Really, payday loans can’t be any faster.
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Carrie Reeder is the owner of ABC Loan Guide , an informational website about various types of loans.