Faxless Cash Advance: Why Using This Loan Option Is Preferrable To In-Store Funding
Faxless cash advance lenders provide consumers the option to submit all of their
required information and documentation for securing funding of this type online
and from a location of their choosing. When you apply for
payday loans with Purple Payday Loans, we will submit your application to
our network of lenders and get you the cash you need fast. You’ll know in seconds
if you’re approved and for how much.
If you would rather apply for your payday loan by phone, you can simply call us
at (800) 515-2429.
- Our 2-minute application is fast and easy to complete.
- Bad credit is not a problem. We specialize in bad credit loans!
- You’ll know instantly if you’ve been approved, for how much, and what the fees are.
Payday loan lenders have stepped up to address the inconvenience of having to apply
for borrowed monies at a physical location. The benefits of obtaining a faxless cash
advance are endless:
Many people do not own a dedicated fax line in their homes. When lenders require
faxed documentation, it becomes necessary for most consumers to use office fax machines
or to pay the high fees of sending fax transmissions through an office supply store
or other third-party. People who do not wish to submit sensitive information in
public locations were once relegated to visiting physical payday loan locations
in order to apply for funding given their lack of fax access. This too proved to
be a huge compromise of privacy. When using an internet connection to transmit personal
application information, however, consumers can now complete the entire process
from the privacy of their homes.
Broad Selection Of Lenders
Not all lenders will offer the same terms and features. Securing a high-value cash
advance requires people to conduct a thorough review of the various offers that
they are qualified for. Having the ability to conduct such a search online makes
it possible to conduct a comprehensive and thorough investigation of various faxless
cash advance lenders and the different terms that they provide. Prudent loan shoppers
will often secure the lowest interest rates, the best repayment terms and the lowest
administrative fees for the advances that they obtain.
The Little-Known Advantages Of Payday Loan Lending
While these advances are commonly known for having excessive fees, few critics actually
take the time to compare the associated fees of a cash advance with the high costs
that consumers must pay when vital services are lost due to non-payment. For instance,
it is often far more costly to pay service restoration fees after a utilities shut-off,
than it is to secure the required monies through a paycheck advance and pay the
bill before the shut-off date. Thus, while this type of funding can be costly, it
is frequently a far more practical solution for many common consumer needs than
simply going without.
There are various local restrictions that govern the terms and features of these
loans. When dealing with online lenders, however, consumers will often find that
there is much more leniency and far more loan options that they are able to pursue.
By opting to secure online faxless cash advance loans people can obtain higher loan
amounts, lower associated rates and fees as well as extended repayment periods.