You may have heard of no-fax payday loans, but you may not have looked into getting one. So what do you do when you need cash right away but don't get paid until a long time from now? Do you borrow from a friend or family member? Or, do you try to find loans with low interest rates and easy ways to get them? It's clear what to do.
Payday advances are an easy way to get the cash you need quickly. For the no-fax payday loans, all you have to do is fill out the application form. In fact, these loans are called "faxless payday loans" because you don't have to fax any documents to get them. This makes the process go much faster. It's easy to get one of these loans, and the money goes straight into your account within 24 hours. So this means that you get the money you need to pay your bills on time and without having to ask anyone for help.
No Need for Security
The best thing about payday loans that don't require a fax is that you don't have to put up any collateral. This means that you don't have to put up any collateral when you apply for a payday loan. Payday loans with no collateral are available to anyone who is at least 18 years old and gets a regular paycheck. When you apply for a payday advance, you will have to give information about your job and your employer. If you do these things, it shouldn't be hard to get the loan. Even if you have bad credit, you don't have to worry about applying for no-security payday loans. Most companies don't look at your credit history before they agree to give you a loan.
Difference Between "No Collateral Payday Loans" and Personal Unsecured Loans
Now, the obvious question is: What's the difference between a personal unsecured loan and a payday loan with no collateral? Both of these choices have become very popular in the past few years, but many people don't know what the difference is between the two.
You can borrow between $1,000 and $10,000 with an unsecured personal loan. Also, you have a much longer time to pay back these loans than you do with no-fax payday loans. A personal loan that doesn't need collateral has to be paid back between one and four years. On the other hand, you have to pay back faxless payday loans when you get your next paycheck. Most of the time, if you need more time to pay back a loan, you have to put in a written request to get more time, either for 15 days or until your next payday. Also, you can only borrow between $100 and $1,000 if you need a payday advance. To get a no-collateral payday loan, you need a basic credit score, which varies from lender to lender. If your credit score isn't high enough, you'll need a co-signer. There is no such rule for payday loans that don't need a fax.
So, basically, both loans have their own pros and cons, and you should choose the one that best fits your needs.
