(PRWEB) August 09, 2012
No Faxing Payday Loans, a company that connects consumers with low-cost cash advances, is announcing the introduction onto its website of a new educational article entitled “Get Money When You Need It With Low Interest Payday Loans.” The article describes the lending policies of the company and explains the simple process involved in applying for and obtaining quick financial assistance. No Faxing Payday Loans is introducing this new material to help consumers feel safe and at ease when taking out a loan online.
“No Faxing Payday Loans is designed to be more than just a place to go to when you need a loan,” says company spokesperson Lisa Carr. “We also want to serve as a one-stop educational resource to help teach consumers about payday lending, the benefits of short-term loans, and how to make the most of the funds they can borrow from our affiliated lenders. This new article effectively expands our online library of available materials and allows us to give potential borrowers some valuable new information.”
The company connects customers with lenders who offer no fax payday loans that can be used for a number of things, such as paying for an emergency car repair or medical care, or simply covering day-to-day expenses until an individual’s next paycheck comes in. The loans are easy to obtain, come with highly competitive interest rates, and have no hidden fees attached to them. They are available in amounts ranging from $100 to $1,000.
In order to qualify for a loan, consumers need to fill out a brief online application form and disclose some basic personal information, including where they work, how much they earn and how often they are paid. They also have to provide full contact information, their date of birth and a checking account number. They do not have to fax in any additional paperwork. Upon being preapproved for a loan, an individual will normally get several offers to choose from, and once they find one they like, they can thoroughly review the complete loan terms before signing the lender contract.
Once a consumer has signed the contract, the loan is deposited directly into their bank account within one business day. Generally, the loan will need to be repaid on the borrower’s next payday. For maximum customer convenience, on the scheduled due date the repayment amount is taken out automatically from the same account into which the loan was originally deposited.
No Faxing Payday Loans points out that cash advances should be considered merely temporary fixes to financial problems and are primarily intended to only be used for essential items. Borrowers are always advised to simply borrow the amount that they really need and no more than that, and only then if they are able to repay the money without difficulty.