No Fax Cash Advance Loans

By: Andrea Fletcher

No fax cash advances are loans available to anyone who needs funds prior to payday to fix a car, to aid in an emergency. Funds can be obtained by persons applying for a loan on the Internet or by telephone.

The purpose of the loan is to provide the borrower with the easiest and quickest service. Many lenders that offer paycheck financing will offer it through the use of a facsimile machine. The faxing of a person's paycheck to the lender for employment verification used to be a standard part of the money advance process. By eliminating the sending and receiving of faxes, the cash advance may reduce the amount of time needed to be approved for funding because the application can be reviewed and approved almost instantly online.

Another advantage is the security of the website of the lender, who will take all precautions to protect the borrower's personal information, which could become a problem when there are paper faxes involved.

The process for funding is easy. After a lender has been chosen online, the borrower must fill out the online application for the no fax cash advance that requires information such as home address, employer, bank account number and bank routing number. After the application has been completely filled out and officially submitted, the borrower should receive confirmation from the lender by phone or email.

The lender will use the borrower's information provided on the application to deposit the approved amount into the bank account of the borrower to be used at their leisure. On payday, the lender will automatically withdraw the amount of the no fax cash advance, plus a certain percentage rate, from the borrower's bank account. These loans are available to almost anyone who can provide proof of employment and needs cash immediately or views a lender's website as more secure than a facsimile.

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