Let's face it, no fax payday loans
are an idiot proof method of acquiring fast cash. There's no faxing, no credit
checks, and no lengthy waiting periods. In fact, anyone with a job, checking
account, and social security number can get one. All they need to do is find an
online pay day lender, fill out the loan application, then wait a few minutes
for notification of approval. Seriously, a monkey could probably apply for no
fax payday loans just as easily as we can.
Unfortunately, there is some bad
news. Even though no fax payday loans are super easy to apply for (aka,
idiot-proof); repayment of the loan is a whole other issue. That being said,
just because you were smart enough to apply for the fax free online pay day
loan, that doesn't mean you'll be wise enough to pay in back in a timely
manner.
If you want the whole loan process
to be idiot proof, not just the part where you apply, then follow these 5 no
fax payday advance tips.
1. Before clicking "I
Agree" or "Submit Application" or whatever other button is on
that application page, make sure you take a peak or two at the terms of the
loan agreement. If something within the contract is a contradiction to what you
originally had in mind, you may need to dig deeper and find out where you got
confused. Confusion and successful online payday loans do NOT go hand in hand.
2. Make sure you're dealing
with a "same country" lender. This means if you live in the United
States, deal with a United States based lender. If you live in Great Britain,
deal with a Great Britain based lender. Doing business with a lender that works
"outside" the laws of your country could result in the makings of a
financial disaster.
3. Check the rate and then
double check the rate. This should be one of the first things you do. Doesn't
matter how fast you may get the loan, if the interest rate is anything above
20-25%, you need to go elsewhere for your no fax payday loan. Ensure you know
the exact rate of the loan, EXACT! Quick Note: Some first time applicants are
eligible for free payday loans -- check with the lender to see if you are.
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