Online Payday Lenders

Many times, a no fax payday loan can be the only solution one has to solve an emergency, no matter its nature. These are short term loans with fast approval they are granted for 10 to 20 days and they need to be paid back when the following paycheck is received.

Here are some examples of situations when it is a must to get a payday loan: the festive season has made you spend all the salary and the gas bill has not been paid a health issue requires immediate medical attention a renovation is required and so on. No matter the reason for applying for such a loan, in less than 24 hours the money is delivered in the bank account if all the eligibility conditions are fulfilled: the borrower has at least 18 years old, is a US citizen and has a steady monthly income of at least $1000 an active bank account is also a must.

Even people with a bad credit history can receive such a loan because there is no checking done by the lenders, so the credit score has no relevance.

The loan must be paid back at the next salary this way, you can save the late fee or different charges of credit cards.

The advantage of receiving money on such short notice is quite expensive though, and because of that a no fax payday loan should be taken only in case of emergencies. The APR of payday loans can get from 390% to 900% per year, while that of no fax payday loans can get up to 1200%. reference