Wednesday, May 13, 2009

>Beat the Credit Crunch With a No-Fax Payday Loan

Beat the Credit Crunch With a No-Fax Payday Loan
By Hilary Bowman

It seems that the credit market has tightened so much that ordinary people are having trouble borrowing the money they need for short term expenses. Despite efforts by the government to get the economy and the lending industry moving again, lenders seem to be sitting tight on their money and waiting for the next shoe to drop. If you are among those who needs money but cannot find a lender, you can get an easy no-fax payday loan that is completely paperless to help you pay for the things you need now.

Pay Urgent Bills Now

Perhaps you have an urgent bills that must be paid - rent, utilities, cell phone bill; or maybe your car has gone dead on the side of the road and you have no means by which to fix it. Sudden and unplanned expenses can wreak havoc on your finances, especially if payday is quite awhile off. That is where a convenient no-fax payday loan can literally lift you out of the credit trenches by granting you money in minutes.

You may have taken out a payday loan before and found that the hassle of faxing in your information to the payday loan lender was time consuming and frustrating. With a no-fax payday loan, you can fill out all of your paperwork electronically and avoid the fax machine altogether.

No Need To Wait Until Payday

A no-fax payday loan is designed for borrowers who do not have time to wait for ordinary loan processing - which can take days or in some cases, weeks. A no-fax payday loan is not only the most convenient way to borrow short term cash, it is also the fastest - you can have your money direct deposited into your checking account the same day.

The no-fax payday loan is a loan that you take out until your next payday. You will give the lender your checking information with permission to withdraw, via electronic funds transfer, the amount of loan plus modest fees for their service, on a date that is agreed to in your loan documents. This date usually corresponds to your next payday, typically two weeks to a month later. On this date, the amount will be automatically withdrawn from your account.

Everyone Qualifies

The greatest feature of the no-fax payday loan is its ease of approvability for virtually everyone who applies. Because the only requirements to receive a no-fax payday loan is that you have a checking account and a job, you have a nearly 100% chance of being approved and getting the cash you need today. With easy repayment terms that give you the money you need now with no payment until your next payday, a no-fax payday loan is the best source of funding for those who cannot find a lender in the market of today to approve their application.

In addition, getting your no-fax payday loan online can save you money over a walk-in store because of stiffer competition on the Internet. In sum, online lenders tend to say yes when stuffy old bankers say no.

Hilary Bowman is the author of this article. She works successfully as a financial advisor with years of expertise on Unsecured Loans. Hilary publishes informative articles about home loans, credit cards, auto loans, loans for people with bad credit, business loans and others at

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