A payday loan is usually a small to medium sized cash loan. Though it may be a fast cash loan, it can be very tedious for the borrower to apply as there are many procedures to follow. Hence, a no fax payday loan is more desirable as this will cut off one of the tedious procedures from the payday loan processing. A busy executive cannot afford to waste time looking for the needed documents to supplement the payday loan application. There may be multiple copies of documents required for submission through faxing or personal delivery to the lender. These documents may need to be validated by an official authority such as a commissioner of oath which may be difficult and inconvenient to many borrowers. Therefore, many borrowers prefer not to take out a payday loan. Many may seek the required financial assistance from close families and friends instead of possible to avoid the hassle and inconvenience.
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