Why is a no fax payday advance a good solution for financial crisis situations? Well, because if you take the faxing away from the equation, steps in the applying and approval processes are eliminated and receiving a loan becomes easier.
When in need of some urgent money, you want to receive a loan as fast as possible. A no fax loan can do this for you because you save a lot of time by not having to look for the documents, to identify a fax machine, wait for the lender to receive and analyze the papers. Another reason is that you can apply online and thus the process is speeded up considerably. When you fill in the online application form you need to provide clear, accurate information and that's it. Only general data is required so you don't even have to have your documents at hand: you probably know all the information by heart.
In regards to the high interest rates that these lenders are known to require, it must be said that there is no other way for these companies to make a profit and it is logical that one needs to pay for the advantages of obtaining some money so fast and with no paperwork.
Moreover, applying for a no fax payday loan means that you are in dire need of some urgent money to solve an emergency that occurred, so paying fees like these is probably better than leaving the problem unresolved.
These are all reasons that helped these types of loans become so popular. official site