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By: Douglas Carlson

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Saturday, 22-Jan-2011 13:34 Email | Share | | Bookmark
No Fax Required Quid Loan - Use Less Paper, Save More Trees

What exactly is a no fax required payday loan? It is a small amount of money advance taken against your next paycheck. Lets put it in even simpler terms-it means that you borrow a few hundred dollars of money to meet some unexpected cash requirements in the middle of the month, and you pay it all back along with a high interest added to it, on your subsequent payday.
The fact that a Quid Loan is meant to be used only for emergency needs and for a short-term period only, say two to four weeks, makes it feasible to afford such a high rate of interest. You obviously can't keep paying $20-$30 every 2 weeks on a $100 loan, for a prolonged period of time!
What Makes It So Eco-Friendly?
As the name suggests, a no faxing required payday cash loan is a completely paperless loan! You apply online for the amount of money that you need. There are hundreds of different personal paycheck fast cash advance companies on the internet that you can select from. They all require you to fill up a form on their encrypted security web servers. You'll be asked to fill in your contact information, employment details and bank account details.
You will not be asked to send any documents for verification. You will not be asked to fax any paperwork either! An online personal cash advance doesn't need any collateral documents. And the money disbursal is also done though electronic transfer! So there is no involvement of paper in the form of a check either! For repayment of the borrowed amount, you can give the lender direct withdrawal facility from your bank account on the day that you would receive your next salary.

Read more about Quid Loans


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