Friday, July 20, 2007

Faxless Payday Loan - Instant Cash Without Paperwork

Faxless payday loan is your savior when you are in deep financial trouble and are not expecting your next paycheck for another week or two. Sometimes it’s possible that you might have exhausted all your financial resources and a sudden emergency crops up that needs urgent money. You might not be very willing to approach your friends or relatives and getting a personal loan might not be that quick or convenient either. No fax payday loans can save you in such a situation as you can get the proceeds of such a loan in just one working day without having to do any lengthy paperwork or running from pillar to post.
Moreover, the instant faxless payday loan does not demand any credit verification from you which means that even if you have a very poor credit score, there will be no impediments on your way to getting the cash advance that can provide immediate financial relief. The only prerequisite that needs to be fulfilled is that you should have a job with a minimum monthly salary of $1000 and you should also have a checking account where the loan amount can be deposited by the lender. A payday cash loan is a short-term loan that provides small amounts of up to $1000 so that you can tackle your financial exigencies from time to time.
Getting a loan was such a hassle a few decades back as then you had to go to the lender and provide all sorts of documents to prove your credibility. Even with so much paperwork, it used to take quite a few days to get a loan in hand in those days. However, all that is a thing of the past as faxless payday loan can provide you with almost instant cash without the need of any documentation or credit check, today. The Internet has further simplified matters as you can simply fill out an online application form and receive the cash advance amount in your checking account through electronic transfer the very next working day.
The lenders of payday loan Canada expect that the borrower would give them a post dated check or authorization for electronic transfer of the loan amount and the finance charges from his checking account to that of the lender on the next payday. The facility of getting instant cash advance is laced with high finance charges which might appear frightening but considering the usefulness of the loan in times of crisis, these charges are well-worth. The only precaution that you need to adopt is that you should ensure that the loan amount and its interest are returned on the next payday as stipulated at the time of taking the loan. You should, however, shop around before settling for an instant faxless payday loan too, as you can get better terms if you look around a bit.