Applying for a cash advance loan isn’t always as easy as some of the advertisements make it seem. Offline payday loan and paycheck advance companies often require lots of paper work, including paystubs, blank checks and sometimes proof of address such as utility invoices. After the necessary paperwork, they’ll often require a phone call to your HR or payroll department to verify employment (and if they can income), and a list of references in case they need to do a character check.
Online payday loans are seemingly easier, since one would assume that most of the paper work would be cutout and the time it takes to be approved would be faster. But the truth of the matter is that most companies still require a lot of paperwork to be faxed in before they can let you know how much your loan is approved for. Not only is this a difficult process for someone who most likely is overdrawn already and can’t afford $3 for a Kinko’s fax, but it is also very time consuming. Most of the time the faxed documents aren’t even processed until the next day.
If you are desperate for relief and looking for a quick money loan, it’s best if your search includes “no fax” as the keywords so you can avoid the hassles with requiring to fax in financial papers. No fax payday loans and no fax cash advance are two very popular search terms for those experienced in finding and obtaining online loans.