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NO FAX PAYDAY LOANS

When expenses comes due ahead of income corporate money managers use receivable financing credit to manage cash flow. No fax payday loans are pretty much like payday money when done the right way. If you need a payday check now before your regular payday check you can get up to $1,500 in 24 hours deposited direct into your checking or savings account.

The interest rate on the cash advance from a payday lender is high but it can be less than the cost of a bounced check fee or late credit card payment or utility turn-on fee. For example, bouncing a $100 check may incur an $28 NSF fee from the bank and a returned check fee of $25 from the merchant. That 's an instant payday all right, but not for you..

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In comparison, when expressed as APRs for two-week terms:
  • $100 pawn loan with 20% service fee= 240% APR;
  • $100 payday cash with $30 fee= 782% APR;
  • $100 bounced check with $48 NSF/merchant fees = 1,251% APR;
  • $100 credit card balance with $26 late fee = 678% APR;
  • $100 utility bill with $50 late/reconnect fees = 1,304% APR.

CASH ADVANCE Street Smarts

Limit the number of payday loan applications you submit. Just assume that lenders making payday check loans all access the same database. If they see your name simultaneously popping up on several payday loan applications there is a greater risk they will all turn you down. 

Do not misrepresent or inflate the information on your payday loan application. You may get turned down cold and flagged as an unacceptable risk for future payday cash advances.

Payday loans are for cash you need right now. Don't borrow 1cent more than you need for your emergency, and pay back the loan on your next scheduled payday if at all possible.




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