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When payday loans first came on the scene, borrowers were required to submit the necessary paperwork either by standing in line at a loan store or by submitting these documents via fax. With a fax-less payday loan, you simply complete an online form to find out if you've been approved for a loan. If your loan application is successful, the money you've borrowed is automatically deposited into your bank account. How does a payday loan work.
With a payday loan, a borrower gets a small loan that becomes due within 7 to 35 days. First-time applicants can typically borrow 200-600. With each successful loan payoff, the amount you are eligible to borrow increases, and it usually tops out at about 1,000, depending on your salary.
You need to have regular income to qualify for a payday loan, and you also need to have a working phone number.
Not all lenders can provide the maximum amount advertised. Cash transfer times may vary between lenders and may depend on your individual financial institution. In some circumstances faxing may be required. This service is not available in all states, and the states serviced by this Web Site may change from time to time and without notice. Residents of Georgia, Massachusetts, Virginia West Virginia are not eligible to apply for a cash advance on this web site.
For details, questions or concerns regarding your short term cash loan, please contact your lender directly. Short term cash loans are meant to address immediate cash needs and are not a long term solution for financial problems.