|Short Term Personal Loan||$15 – $35 fee|
|Bounced Check||$33 fee|
|Late Credit Card Payment||$37 fee|
|Late Utility Bill||$20 – 45 fee|
*This table shows typical fees – some lenders may charge higher and additional fees.
About your payday loan
If you need cash now, we offer fast payday loans up to $1000. The process takes less than 3 minutes. Bad credit OK! Instant Decision; you can start today and have the cash you need quickly. Installment options up to $5,000 are still available.
Due dates for your payday loans are usually upon your next payroll deposit, but some lenders can extend that up to 45 days from the time of your loan. Installment options are also available in many cases. Most payday lenders offer loans in amounts of $100 to $1,000, with the average loan being between $300-$500. Fees are typically $15 to $30 per $100 borrowed, depending on local and state laws.
We recommend that borrowers consider the amount of their next paycheck and determine how much they can responsibly pay back within their budget. Although most lenders allow you to “re-purchase” or renew your loan, this is not recommended, as it can lead to a cycle of loans that end up costing you much more in the long term.
In our online form, we request all of the relevant identification and financial data that the lenders require to process your loan, no faxing required. This information is securely transferred to the lender who processes your loan, depositing your funds quickly, sometimes within a few business days. It’s as simple as that.
Bad credit? Not a problem
Payday loans aren’t like mortgage or auto loans. They’re unsecured personal loans for small amounts for people in need of temporary financial assistance. The lenders know this, and are open to lending to people with less-than-stellar credit ratings. In most cases, loans are based on income and other signals. Most lenders don’t even use a traditional credit check. However, for larger amounts some lenders may use your credit report to make a lending decision.
Request for Payday Loans – No Faxing Required
Faxless payday loans allows anyone with internet access and a savings or checking account to instantly lower economic stress with quickly available cash with a payday loan. Many types of loans online require proof of identity which often means faxing. That is never a problem when inquiring through us for no fax, payday loans.
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APR: The equivalent annualized percentage rate for payday loans and other short-term installment loans can have a very wide range and can vary based on the amount of the money borrowed and length of the loan. Make sure you understand all your terms and rates fully before every accepting any loans. If you were to annualize other fees in the same manner such as a returned check fee or a credit card late fee, your annual percentage could be astronomical.
Financial Implications: Short term payday loans are meant to be just that: Short term. Typical fees range from $15 to $351 for every $100 borrowed up to $500.00. (While these are typical fees, some lenders may charge more, and fees may be in addition to APR.) Fees per $100 begin dropping on loans larger than $500.00. Fees can sometimes be less than what borrowers can expect to pay for bouncing a check, having a utility disconnected, or paying a credit card bill late.
Collection Practices: Collection practices will vary from State to State and Lender to Lender. Some common methods if a loan becomes delinquent include, attempts at collections internally, primarily through telephone, an attempt to work out a pay-off arrangement that takes into strong consideration the financial condition of the borrower, and other internal attempts. Often, after all attempts at internal collections have failed, the lending agency may send the loan to a third party collection agency in an attempt to recover the funds lent in good faith, or may take other action within their legal rights. Check with your lender and your State regulations to be informed of the collection practices used by your lender.
Credit Score Impacts: Short term, payday loan lenders may rely on a credit reporting agency, and is not limited to any of the three (3) major rating agencies – Equifax, Experian, or Transunion. Generally, lenders will undertake some form of a credit check on a potential borrower, which may impact the borrower’s credit score. It may also impact the lender’s decision to extend credit. However, some lenders rely on information in addition to what is found in credit reports. The factors a lender considers when approving or denying a loan are solely in the lenders’ discretion. Moreover, the lenders decide what, if anything, to report to the credit reporting agencies. Short term lenders may also rely on their own scoring criteria, which is generally based on income and ability to repay, as well as the borrower’s payment history of any previous payday loans that have been made with the lender in question, or with other payday lenders.