Prospective Loan Borrowers Can Learn Exactly How Cash Advances Work
Los Angeles, CA -- (SBWIRE) -- 10/18/2012 -- No Fax Payday Advance is releasing a new article on its website to help consumers understand the requirements involved in obtaining cash advances. The article, called “What You’ll Need,” discusses the simple, basic qualifications that prospective borrowers must possess in order to be able to get a quick cash loan. The feature also explains in detail how to apply for a loan and the many benefits of doing it through No Fax Payday Advance, including the fact that the whole application process is completed online, without the need to fax or mail anything in.
“Many of our consumers are surprised when they find out how easy it is to get a cash advance,” says No Fax Payday Advance spokesperson Adam Hansen. “They expect a long process with lots of paperwork and signatures, while in reality the whole application process takes less than 10 minutes. A response is also immediate, so borrowers don’t have to suffer waiting for a decision. From the time you apply to the time the money shows up in your bank account, it could be just a matter of hours.”
No Fax Payday Advance is not a lender but a link between prescreened lenders and consumers looking for a cash loan. Although the amount a person can borrow depends on a number of factors — such as the laws and limits imposed by their state of residence — loans are available in amounts that range from $100 to $1,000.
In order to qualify for a cash advance, an applicant must be at least 18 years of age, have a valid email address, and home and work phone numbers. They must also have a valid checking account in their name and be able to show that they earn a steady monthly income of at least $1,000 after taxes.
All required application information can be sent to No Fax Payday Advance via the Internet. No faxing of documents is required and borrowers never have to travel anywhere for a face-to-face interview or approval. Additionally, individuals do not need to submit a credit score. People who would be disqualified from receiving a standard bank loan because of poor credit history can still qualify for a cash advance as long as they meet the easy eligibility requirements.
Once a loan has been approved and signed for, the funds are deposited directly into the borrower’s bank account. When repayment is due — usually on the person’s next payday — the money is automatically debited from the same account. This automatic repayment system prevents late fees and other problems that might normally occur if somebody forgot to pay back their loan on time.
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