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If you need a fast loan, then here is another quick money substitute- the no fax bad credit payday loans. These instant cash advances have become very popular with the middle-class section of the country, because of their speed of processing and hassle-free nature!

Emergencies don't ask anyone before hitting their doors! We are all too familiar with situations, wherein a family member has to be suddenly hospitalized for an appendix surgery or some other severe medical complications! While it is not a big deal for the higher sections of the society, people who are living on a paycheck-to-paycheck basis, find it very difficult to cope up. These are the dire occasions where a bad credit guaranteed payday cash loan can be thought about.

No Credit - Check or Telecheck

One of the main reasons for such bad credit no fax payday loans being so fast is that the approval procedures for such advances do not require any credit screening or telecheck for verification of your details. All they care about is that you have a regular job that pays you at least $1000 every month and that you have an active checking account in which the money can be electronically transferred once you are approved for the bad past credit instant payday loans.

No Paperwork Required

Another reason that makes the approval process fast is that, the no fax online bad credit personal payday loans come without the requirement of any paperwork. There is no need for you to fill in lengthy application forms or submit any project reports, stating your reasons for borrowing the money, as in the traditional lending. Everything is done online.

You don't have to fax any proof of identity or residence or employment or income. All the verification is done by online resources or by calling up your employer. Moreover, the best part is that the money that you borrow as a bad credit payday loan is directly deposited into your bank account! So you don't have to take a check to your bank to cash it! You can use the loan money within 24 hours of applying for it!

The Cost Of Speed!

Obviously, there has to be a price for attractive privileges and conveniences! You can't expect to get an unsecured paperless loan, within such a short span of time, at the same rates as that of a traditional loan! No fax bad credit payday loans come at a bi-weekly interest of 15-30%. This fact alone makes them totally impractical to use on a long-term basis! It also makes it necessary that you repay these loans right on time and avoid taking extensions!