Fast Cash Solutions: Get Faxless Payday Loans Now
When you need cash, it often happens without warning. With rent, taxes, utilities, car expenses, and groceries, you're already living paycheck to paycheck. You're in your driveway, you go to reverse, and nothing happens, You learn your transmission is shot. When you need an emergency cash loan, you're already stressed and don't want to struggle to find a way to fax documents online. 1Hour Fast Cash can help you find faxless payday loans.
What is a Faxless Payday Loan?
With a faxless payday loan, you provide your information and the lender verifies your identity and income without needing to see the actual documents. Many loans can be processed with your SSN, driver's license number, bank account numbers, and employer information.
Tips for the Application Process
You fill out an online faxless cash loan application, answer all the questions, and submit it. It's a good idea to check that you've entered numbers correctly and haven't accidentally entered an incorrect digit. Your phone number is used to contact you to verify they have the right person, so it's important that you use a valid phone number that you answer throughout the day.
1Hour Fast Cash knows that emergencies happen. We strive to make the loan process painless for our customers. Apply for faxless payday loans now.
Frequently Asked Questions About Faxless Payday Loans
One of the worst feelings in the world is to have an emergency and realize you're short on cash. You spent your savings replacing your boiler. You listened to recommendations that you get a condensing boiler. Not even two years later, the control board is shot. The quote to replace it is $600. You just don't have that kind of money, but you can't go without heat.
A loan application submitted with traditional financial institutions can take weeks to process. You might be waiting a month or longer before you get the cash. Sometimes, that's not feasible.
If you have a bad credit history, it's unlikely the bank will work with you. Most want credit scores in the high 600s or better. If you're in the lower 600s, getting a traditional loan can be impossible. The repairs to your car, furnace, or whatever can't wait. That's where a faxless payday loan can save the day.
People have questions about faxless payday loans. We've compiled some of the most common questions about these hassle free loans.
How Do Faxless Payday Loans Work?
Cash advance loans offering instant payments usually have the money in your hands within one or two business days. It all starts with the online application. The application will ask:
- How much do you need?
- What's your name?
- Where do you live?
- Where do you work?
- How much do you make?
- What's your SSN?
- What's your date of birth?
- Do you have a bank account? What's the number?
Sometimes, the lender wants you to fax payday loans documents to their fax machine. If you don't have a fax machine, this is an issue. A faxless loan company can work with you online and avoid the necessity of having a fax machine.
Once you submit the information, you'll wait for the loan to be approved or denied. If it's approved, the bank account you listed in the application will receive the money. When it's time to repay the loan, that same account is used. The money will be automatically deducted on the due date.
Aren't Payday Loans a Rip-Off?
People often complain about the high fees or interests rates linked to payday loans. What they forget is that these lenders hold a lot of the risk. If you don't repay, they can bring in debt collectors, but there's no collateral. If a borrower doesn't repay, they might be able to take that person to court, but there's no guarantee they'll ever get that money back. That risk is why the rates are higher than a traditional bank loan.
Will My Bad Credit History Keep Me From Getting a Loan?
Here's the other reason why payday loans often have higher fees. The people who apply for them often have bad credit. They have a low credit rating. They know that a bank won't touch their application given their credit score.
Payday loans don't always run a credit check. Bad credit doesn't mean you won't get the loan. Odds are high that you will qualify and get the cash you need to take care of the emergency expense. Plus, repaying the loan on time can help raise your credit score.
How Old Do I Have to Be?
To take out a faxless payday loan, you need to be 18 years old.
Is There a Maximum Loan Amount?
Most companies do have maximum loan amounts in place. This depends on your state's laws. These loans are designed to be repaid when you get your next paycheck. If your weekly pay is $1,000 after taxes, you'd only have $4,000 a month in income.
Many cash advance loans have a repayment period of two weeks. Using the above example, if you have $2,000 after two weeks of pay, you'd only be able to afford a $2,000 payday loan. You need to be realistic with how much you can afford to borrow.
What Do I Need to Qualify for Online Payday Loans?
To qualify for online payday loans, you typically need to have a checking account, government-issued photo ID, SSN, and employment information. In some cases, you will qualify for a payday loan on disability income. It does vary between online payday loan companies.
How Do I Make Sure I Don't Go Into Default?
Faxless payday loans are designed to be short term. They are not loans that will have you making payments for years. Don't sign the paperwork electronically without understanding the repayment terms. If you have questions, ask them.
The best way to avoid going into default is to make sure you repay on time. If you know the loan repayment is a day away, make sure the money is in the checking account you supplied on the loan paperwork. If your account doesn't have enough, you'll face overdraft fees, late fees, and other penalties.