The criteria for payday loans are getting simpler today with the increasing competition amongst the lending companies. You can be attracted to the easy conditions of no credit checks and no faxing to enjoy no fax payday loans today. Faxing of documents is usually a time consuming activity which turns consumers away from getting a loan of any kind, especially small loans. The amount of effort put in to collate the necessary financial and personal documents is usually considered not worthwhile in getting a small loan.

A no fax payday loan can be processed fast as it does not require checking on your financial status to approve your loan. Hence, it is more attractive to apply for such loans than those who insist on having credit checks. No fax loans may have higher interest rates due to the higher risk that the lender is exposed to as it has no confirmation on the borrower's repayment capability.

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