No Fax Payday Loan

A very popular advertising claim of online payday loans is that you can get them without faxing documents. Every company claims that, but do they mean it?

In order to give you a payday loan the company will need to verify that you actually have income to pay them back.  The way they normally do this is to have you fax them a paycheck.  If you don't have a paycheck they will ask for a copy of your bank statements showing regular monthly deposits from a government or other source.

When companies say they are a no fax payday loan company they do not mean that you do not have to prove your income.  They mean you can prove it some other way than faxing.  You can get them the documents by scanning them and emailing them on.  You can do some other sort of electronic delivery of the documents to them without faxing them. Or you can give them electronic authority to verify what needs to be verified without providing them the documents.

The best option is to have the company verify your information, but that takes cooperation.  If you work for a small company that may not be possible depending on your lender. 

If your information cannot be verified online you will need another way to verify...commonly by fax.   So what you are really probably looking for is a company that will pay you back for your faxing costs.  If the company you choose does not do this ask them.  They will likely do it to get your business. 

Related Topics:

Compare Payday Loan Companies

Questions To Ask Your Payday Loan Company

Do I Qualify For A Payday Loan?