No Fax Cash AdvanceA no fax cash advance is a great way to sidestep the trouble of searching for a fax machine to make your application for a cash advance. The whole procedure can now be completed online, which is not only faster, it is also much simpler. Speeding up your application means faster delivery of your much needed cash advance.
Cash Advance Limits
Generally, no fax cash advance companies will offer from $200 to $500. You may find some companies will give you $1,000 or more. In some cases, that may even stretch up to $1,500, but you will need to seek out a suitable lender. The amount of cash you can get will depend on how much you earn per month.
Cash advance loan lenders fully understand that people will need their cash fast, so you will find that most no fax cash advance loan companies have a turnaround of a day or less. It's possible that you may need to wait up to 5 business days, or possibly more for your cash, but such delays are unusual.
Nearly all cash advance loan companies that operate a no fax cash advance loan service do not look into your credit history at all.
No fax cash advance loan companies work on a fourteen, twenty-one, or twenty-eight day timeframe. This will mostly depend on when you get paid; a fee will be charged, and the longer you take out the no fax cash advance loan, the higher the fee. If you find it difficult to pay off the whole cash advance, this is usually not a problem, as the companies only require the fee to be paid to them within the agreed timeframe.
There will be no interest charged, as you would be paying a set fee within the agreed timeframe. However, keep in mind that the fee will be based on two things, the length of time you take to pay the loan and the amount of cash that you still owe. Different no fax cash advance lenders charge different fees; you could be charged anything from $10 up to $30 for each $100 you borrow.
You only need to pay the fee for each timeframe, which means that the loan can go on for quite a long time. If your agreed fee is $15 per $100 that you borrow, that works out to an APR of 391.07%. You will need to remember that a no fax cash advance loan is intended to be a short-term fix for your cash needs.
No fax cash advance loan companies have different requirements depending on their individual rules. Usually, all you will need to receive a no fax cash advance loan is to be 18 or older and receive at least $1,000 a month from your employer. You will also need a computer and have Internet access to use the no fax cash advance loan automated system.
After your cash has been approved by the company and deposited into your bank account, the company does not attempt to control its use, nor will they ask what you intend to do with cash. They believe that it is up to you to decide what you use your cash for. The only time they are interested in how you use the cash is if you opt for a no fax cash advance car loan. This is because no fax car loans may only be used to buy a vehicle and no other purpose.
Multiple Online No Fax Cash Advance Loans
Many companies want your loan to be paid in full before they will give you a new cash advance, so taking out more than one loan is generally not possible. This is subject to the company's discretion. They may also reevaluate your existing no fax cash advance loan, based on your monthly income.