Banks, paperwork, faxes and printers, no thanks

Payday loans need to be quick for you, after all if it took days you’d just go to the bank, of course you have no fax machine, no printer, no paper for the printer or the fax so ok, the bank really isn’t an option is it. You probably have a poor or bad credit rating which isnt going to help with the bank approach anyway. But anyway back to the subject at hand, no payday loan should require you to own a fax, or a printer or expect you to go through pages and pages of mind altering documentation. Thankfully some of the payday lenders understood the pain people were suffering and decided to do something about it.

There is an alternative

The good news is there are lenders who offer no fax payday loans. They don’t need you to fax income, employment at the time of applying for the loan. This means you don’t have to worry as the pressure associated with having to locate a fax machine and printer has gone. What’s more, despite no faxing of documents, some lenders approve the payday loans within minutes or hours of receiving your loan application. Instant approval is becoming normal now and as a result he lenders can transfer the loan amount into the borrower’s bank account the same day, which is important for a same day cash advance or a payday loan.

How much can be borrowed with payday loans?

Payday loans in the UK and same day cash advances usually range from £100 to £1500 and are usualy supposed to be paid back at the end of that month. There are even alternatives here, companies like FLM Loans do products like rolling credit agreements which can be paid out same day and are for similar amounts, up to £500. With FLM Loans you this means you can pay them back over the course of months without any issues, you can do this with some payday lenders but they are much more expensive.

Same day cash advances and Payday Loans Requirements

Note that no fax payday loans like any other normal payday loans are approved for people who earn a fixed steady salary and have proof of earnings usually over the previous 3-6 months. Usually the borrower will need a working and valid bank account with a debit card and be at least 18 years old.

Bad and Poor Credit

It’s becoming quite normal for payday lenders to ignore credit ratings and not worry about bad or poor credit ratings even accepting non homeowners and people with ccjs. So long as you are employed and meet the basic criteria things should be ok. You can repair your credit score by ensuring these loans are repaid on time as well.