No Fax Payday Loans at Nation21
Often, you may need some quick cash to solve a fix or invest in an opportunity, but knowing how long a loan process can take, you simply don’t have the energy or the patience for the hassle. Here at Nation 21, we have designed a solution for your problem, where we can match your profile with great no fax payday loans. As long as you have access to a computer, or a Smartphone and the internet, you can apply online around the clock. We will match you with a payday lender who will meet you at your point of need.
What you need to know
- Payday loans are short-term, unsecured cash advances of small amounts to be taken only for the most urgent needs.
- Bad credit is no hindrance to accessing a no fax payday loan.
- Responsible borrowing will qualify you for bigger, cheaper loans in the future even from the traditional lender’s such banks, as your credit score improves.
- Some lenders are open 24/7 so that you are able to access approved funds outside working hours even during the weekend.
- Using a reputable lender will ensure that your personal information is safe and secure.
- You can use the funds received as you please, although it is prudent to spend the same on the emergency expenses at hand.
How they work
Online application- when you fill out an online application, it means that you don’t have to go through the lengthy in-store application process. If approved, cash will typically be deposited straight into your preferred checking account on the next weekday. However, approval or rejection of your application is solely the preserve of the lender.
Processing time- Some providers can take as little as 15 minutes while others take a day or two.
Loan amounts- Payday loan amounts vary from state to state depending on their individual regulations, but they range between $100 -$1000. Furthermore, some lenders will require that you work up the tier and borrow multiple times before you become eligible to access the maximum amount.
Fees and interest rates- Payday loans tend to be very expensive, although a fixed fee will be advised from the onset of the loan. APR as high as 650% has been reported. Additionally, late repayment and roll over charges are also applicable.
No faxing-The information you provide on the application is usually enough for the lender to make an informed decision without the need to fax more documents. Faxing in paperwork is the primary cause of delays; the said paperwork is needed to prove your income, financial history and personal information.
No credit checks – Lenders do not perform any forensic credit checks on the borrower. Nevertheless, a soft check is mandatory to verify income and ability to repay.
- Be a U.S citizen or permanent resident
- Be 18 years or above
- Have a checking account that is ACH compliant
- Have a verifiable source of income
- Have a functioning email and telephone
Advantages of No Faxing Loans
Multiple options- There are numerous no fax payday loan providers online, and if you are not sure of their reputation, use our matching company Nation 21 because we have vetted the lenders in our network on your behalf.
Apply with bad credit- If you are having trouble getting a loan from traditional lenders because of a poor credit score, payday lenders do not require applicants to have a perfect score.
Disadvantages of Payday loans
Payday loans are charged a higher interest rate as compared to other traditional bank loans and if you don’t pay on time, you might have to pay Non- Sufficient Funds (NSF) and late fees.
Refinancing comes with additional costs, and if you default on your repayments, it will appear on your credit report and impact on your ability to borrow in the future. Additionally, some lenders may pursue criminal charges. Therefore, review the application form before appending that signature so that you know exactly what you are paying.
In conclusion, qualifying for a no fax payday loan is based your income, ability to repay the loan as well as your repayment history. In the end, it’s the preserve of the lender to approve or decline a loan request.
Responsible borrowing is recommended at all times, this way; you establish good business relations and, whenever you are faced with an emergency situation don’t hesitate to contact us.