What is a Payday Loan?
Also known as paycheck loan, pay day loans, paycheck cash advance or cash advances, these are
very short-term personal loans collateralized against your next
paycheck(s). For many of our customers it's the easiest and fastest way
to get quick cash between paydays.
Simply submit an online application
and your loan amount can be electronically deposited into your checking
account overnight, and repaid on your next paydate with an authorized
automatic withdrawal. |
How long does it take to get approved?
Customers typically receive payday loan approval within a few hours of applying, and receive the cash advance loan amount via electronic transfer into their bank account overnight! In some cases you may receive the paycheck loan the same day. |
What about collateral for the no fax payday loan?
Your job and your paycheck are the only collateral you need. |
Is there an application fee?
No, you will never be charged an application fee. Be extremely careful
with lenders that try to charge an application fee for your payday
advance loan. |
How often can I get a payday loan?
Fast Cash No Fax Loan is here to help anytime you need extra cash between
paydays. We encourage all our clients to keep in mind that a paycheck
cash advance loan is a only short-term answer to urgent cash needs,
and to use these loans responsibly.
Payday loans should
not be used repeatedly to deal with continuing budgeting issues. If you
need additional help with credit, budgeting or debt management, please
call the National Foundation for Credit Counseling at 1-800-388-2227. |
What are the fees for a payday loan?
Fees vary depending on where you live and the lenders that work in your area. The fees can be expensive and may be up to $30 for every $100 borrowed. Payday loans and cash advances are not intended to solve larger financial commitments. If you need to borrow money for periods longer than until your next payday, you may wish to seek the advice of a credit counselling specialist. |
|
How do I qualify for a payday loan?
Qualifying for a payday loan is easy with Fast Cash No Fax Loan. Our
lenders do not perform credit checks, so even if you have bad credit,
no credit, or even a past bankruptcy you can still qualify. These are the
general requirements:
- Be currently employed or receive a regularly recurring income.
- Your take home pay is at least $1000 per month if employed or $800 per month on a fixed income.
- Your checking account uses direct deposit.
|
Will my credit or bankruptcy hurt me?
Fast Cash Nofax Loan lenders do not perform credit checks on our payday loans. |
Do I need direct deposit?
Yes. We can only process your payday loan if your paycheck is direct deposited. |
Are loans available in every state?
At this time we are able to refer lenders from all 50 states. This may, from time to time, be amended due to regulatory or other changes. |
How is my payay loan amount determined?
State laws generally limit the payday advances to amounts from $100 to $500. Some states may permit payday loans of up to $1,500. Your
actual loan amount is determined by various other factors including your take home income. |
When is the loan amount due?
Payday loans are usually due when you receive your next
paycheck via direct deposit. The standard time for loan repayment is
usually no less than seven days and no longer than eighteen days, though some may lend for longer durations, depending on where you reside.There are usually no penalties if you pay back your payday loan early, but it is best that you check with your lender to make certain of the terms and conditions of your payday advance and their policies on this and other matters. |
|
