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Get a No Fax Payday Loan Online With E-Signatures
There's no question that online payday loans are convenient; no fax payday loans take that convenience a step further. Online lending institutions often require borrowers to fax documents to them for authentication and loan approval. If you don't have a fax machine and don't have easy access to one, this can prove to be disastrous. However, no fax payday loans can be found to alleviate this concern and provide greater convenience. How is this accomplished?
No fax payday loans are a recent innovation in the cash advance industry.
Traditionally, a borrower had to physically go to a lender and apply for a payday loan. With the advent of the Internet, online lending has become a dominant factor in the industry. Most of these lenders offer "fast loans" or "instant cash advances." What this means is that they require you to fax your documentation (paycheck stub, bank account information and phone numbers) to them in order to process the loan application. While this is undeniably better than having to walk into a loan office, it leaves those consumers without access to fax equipment out in the cold.
How does it work?
No fax payday loans were created to help those without access to fax or scanning equipment. This form of loan application uses an e-signature for verification. This is an electronic signature that is time stamped by the software for validation purposes, as well as borrower identification. Most forms allow the borrower to simply type in their legal name. This constitutes a signature and the document becomes a binding legal agreement. The e-signature aspect is used for verification purposes, as well as to ensure security and ease of access. Using no fax payday loans is only possible because of this technological advancement.
An e-signature is usually combined with encryption software to create a document that is not alterable by either party, thus ensuring legality. For the consumer, this means that they can simply type in their name, along with the other pertinent information required and then press the "send" or "submit" button. The loan process begins immediately afterwards. This has greatly sped up the lending process, making "instant loans" a reality for many consumers in need of extra cash to pay medical bills, auto repair fees or legal expenses. No fax payday loans are the single best method to attain the funding required, without the hassle of using fax machines or the mail service.
As mentioned above, many lenders online offer "instant" loans. However, before using their services, find out if they offer e-signature capabilities. If they do not, then look elsewhere for your loan needs. Without this benefit, consumers are better off finding a physical loan office and applying in person. That said, a lender that offers this technology offers security, anonymity and extremely fast loan processing, as well. No fax payday loans can be the best thing for any consumers financial needs; finding the right lender is not difficult.
If you need quick cash and don't have time for lengthy application and approval processes, this payday loan program can help. It's fast, easy, and completely confidential.. Apply Today!