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No Fax Payday Loan - Finding a Reputable Lender

By Jenell Beshero


No fax payday loans can be a life-saver for several of you available to you, especially on these tough economic times when personal finances are stretched. But who offers such payday loans? How does it all work? And how do you get one?

These loans, which can also be referred to as a cash advance or a pay-cheque advance, are short-term loans meant to cover a borrower's expenses until their next payday arrives. These loans are made to provide easy access to credit: most lenders will accept all manner of cases and have very simple criteria. Payday loans, the most of which involve no credit checks, are processed on application and money is received relatively quickly, often the same day.

Who offers No Fax Payday Loans?

Many payday lenders say they offer a no fax payday loan service when in reality they only offer it for a rather small selection of their customers. Several of the more well known lenders that do offer such a service are: Payday Express; Quick Quid; Wonga; Speed-e-loans. All of them operate within the UK plus they are all licenced by the Office of Fair Trading to advance money. In addition they offer a very fast online decision and can transfer your loan in the same day that you apply for it.

How does one get a no fax payday loan?

It's really simple and straightforward. In most cases you certainly will need a debit card but some lenders refuse to require this. You certainly will, however, need a UK bank account in every cases. Should you decide have at least a bank account then you can complete and submit an application form online for a loan. You need to enter bank account details but do not worry, they might be secure sites. If you have any concerns then look out for a security certificate in the webpage, if one is not shown then refuse to proceed with the application process.

The next thing involves you waiting for a few seconds as the lender's decision system determines if it can lend you money or not. If it cannot then it might probably inform you of other lenders that can offer you a loan. If it can however, you'll then be asked to e-sign a loan agreement. Again, make sure this will be done securely. Look out for the security certificate regarding the webpage you are viewing and also look out for the https instead of http in your browser's address bar. The lender should then transfer you your loan!

Getting this no fax payday loan should take a maximum of 2 hours. Some lenders do have a loan transfer cut-off time so your loan advance may arrive in your bank account the next working day, but this really is specified on the lender's website. And please note that I specifically say that the lending company will transfer the loan funds in the same day but that does not mean that the funds will arrive in your bank account on that same day, especially if it is after office hours.




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