How a Faxless Payday Loan Works
Everything you need to know about your faxless payday loan is here. We'll explain the process and what you need to qualify.
Faxless Payday Loan in Four Steps
We have streamlined our faxless payday loan process to make it as efficient and convenient as possible for our customers. Our process can be broken down
into four easy steps:
- Complete our online form. You can fill out our online form for a faxless payday loan for free by clicking "start now" wherever you see it on our site.
Unlike the endless forms of brick-and-mortar payday loan companies, our form is short and asks you only for basic information. You should be able to fill it
out in two or three minutes. Once you do, we will match you with a payday loan lender.
- Once you're approved, a lender will contact you via telephone to complete the process. Shortly after you receive an approval decision, one of our faxless payday
loan representatives will contact you to verify your information and complete the process. This is done via telephone to provide you with an added level of
security. Our representative will verify your identity, review the information in your form, and answer any questions you may have.
- Your faxless payday loan is deposited into your account overnight. If you signed up during regular business hours, your faxless payday loan may be
deposited into your account that night. This means that you could have access to your loan by the morning of the next business day. The funds are
automatically transferred to your account, so you don't have to wait for checks to clear.
- On the due date, the amount of the loan plus a finance charge is deducted from your bank account. On the loan's due date, which will be specified in your
customer agreement, lenders will automatically deduct the amount of your faxless payday loan plus a finance charge from your checking or savings account. This may vary from lender to lender.
Qualifying for a Faxless Payday Loan
Qualifying for a faxless payday loan is easy. You will just need to meet the following criteria:
- At least 18 years old
- Employed or have other source of regular earnings
- U.S. citizen
- Have current checking/savings account with direct deposit feature
- Make at least $1000 monthly
- Additional requirements may apply
Read up on the reasons why you should get a payday loan.