For those times that you absolutely need cash or you’ll have a big problem, there is an easy solution. It is possible to borrow $100, $200, or any amount up to $1,500 with a cash advance. You can borrow the money until your next payday. It is like getting your pay ahead of time, and it can help you in an urgent situation. These times could be when your car breaks down on the road and you need to have it towed or for a medical emergency. Some people get cash advances when they are going out of town and they’re not sure that they will have enough cash. Many people find that this type of loan saves them money in the long run when their checking account is overdrawn. By depositing the cash, it is possible to stop more bounced check charges that can add up fast.
How a quick faxless payday loan works
A quick faxless payday loan is easy to apply for at online websites that specialize in these types of loans. They are short-term loans that are designed to be repaid within 8 to 25 days, or at your next payday. That is where the name came from. To apply, simply log onto the website and complete the short questionnaire. The company needs to know that you are at least 18 years old, you are a U.S. citizen, you have at least $1,000 per month income, and you have a checking account or savings account with direct deposit. Your funds are automatically deposited into your bank account when you have been approved and the loan has been processed. The funds may be registered in your bank account within hours, or at the latest, by the next day. All you need to do is log onto your bank account and get your funds.
What else should I know?
Most people who apply for a quick cash loans are approved if they meet the qualifications. There are no credit checks and there is instant approval. To qualify for up to $1,000 for the first loan, simply meet the requirements that are listed above. When repayment is made on time, the customer may then be able to borrow up to $1,500 if the need arises for a cash advance in the future. There is no need to fax a copy of your income tax return or any other documents to the company, which is great for saving time and money. The only information that is required for completing the application is your name, address, where you are employed, your bank name and account number, and photo identification. The website of a good company is very secure because it uses Secure Socket Layer (SSL) encryption technology, so there’s no concern about sending personal information online. Another advantage of using this financial service is that there is no application fee.
Answers to common concerns
Many times, those with bad credit are concerned that they will not qualify. Even with bad credit, company managers try to work with these customers to help them get the money that they need. Another question that is often asked is whether or not a customer can have more than one advance at a time. Unfortunately, this is not possible because one advance must be paid off before another one can be issued. The 50 different states in the U.S. all have different laws that regulate when they must be paid. This is normally from 8 to 25 days from the date that the quick faxless payday loan was issued.