The “where” is a serious issue with payday loans in 2012. Many states have simply banned payday loans completely and others have restricted them in such a way that they are very difficult for people to obtain in an easy manner. This usually doesn’t have a lot to do with the customer but instead is due to regulations imposed on the lenders.

This leads people to have to choose from a smaller pool of payday loan companies in certain states. California, for example, does give payday loans but most traditional payday loan companies are severely limited in what they can do. The state maximum is quite limited and people may find what they are eligible for simply isn’t enough for their specific purposes.

What Are My Options?

You will basically have two options no matter where you live or what you’re doing. These two options are physical payday loans and online payday loans.

A physical payday loan is the one you may already be familiar with. This is where you go to the office, hand them a post-dated check and get money right there. Some companies also do everything using your bank account information instead. They can use your routing number and account number in place of an actual, physical check. This is pretty convenient if you don’t use actual checks anymore.

An online payday loan company will work basically the same way except you don’t have to go anywhere. Most newer ones have created their sites so you can apply using most mobile devices instead of just a PC. This can be especially handy if you’re traveling a lot, on vacation or simply don’t use a traditional computer of some kind.

Is One Method Better?

Really, we think the online companies work better in most circumstances. If your state has a ban on payday loans, for example, you can usually find some type of alternative payday loan company that can legally operate in your specific state. This can be invaluable. In states where payday loans are limited, this can also be a great option.

If you live in a state like Wyoming or Alaska where there is a lot of wide open space, online payday loans are usually the way to go as well. What good is a $200 payday loan if a large chunk of that is spent on gas simply going to and from the payday loan office?

How Fast Are Online Payday Loans?

An online payday loan can be completed from beginning to end in as little as one hour in many cases. This will depend on whether or not a traditional loan is allowed where you live of course. You may even be able to find a few physical offices in your area that offer “1 hour” loans as well. It’s a good idea to call around or do a quick Internet search to see what companies offer what specific loans and get an estimate of how long it will take.

A question people need a good answer to is “When should I get a payday loan?” To get the best answer, we’ll have to look over quite a few specifics that are directly related to the need for a payday loan in the first place. Sure there’s an immediate need for cash but there are many other factors you will have to consider before applying and especially before finalizing the loan.

How The Process Works

The overall premise of the payday loan, often called a “paycheck advance” or “cash advance” is very simple. The lender gives you a very short term loan that is intended to be repaid on your next immediate payday. They’ll usually require a few items such as paystubs and bank statements that will help prove how much you make per month and how reliable you will be as a lendee.

Most payday lenders, you’ll visit them in person or online to complete an application. If you qualify, you’ll be presented with a dollar amount. When you agree to that amount, fees are added and you’ll either leave a post-dated check with the lender or grant them access to withdraw said amount from your bank account when it’s due. If you don’t have the money in your account when the due date hits, you’ll be nailed with a ton of fees and possibly sent to collections by the lender and also the bank. You don’t want this.

Reasons You May Need A Payday Loan

The reasons you might need a payday loan are basically endless. You could have any number of emergency situations arise unexpectedly. It could be something simple such as running out of oil in your car and having no resources to buy more or something much more complicated such as an impeding divorce and you need a motel room for a week. Really, any situation imaginable can require you to need some additional funds but they just aren’t always at your disposal.

When Is It The Right Time?

The only way you can know it’s the right time is when that unfortunate time hits. It’s not something you can predict and that’s the full nature of the payday loan system. Many things are simply out of your hands. Emergency medical bills due to an accident and even natural disasters could bring about a sudden need for some extra cash. Payday loans fit this bill.

If I Do Need a Payday Loan, What’s The Easiest Way?

There is so much variety in the payday loan world that simply finding a good one can become a complicated mess. There are physical only stores, online only stores, alternative loan stores and much more in between.

If you live in the middle of a large city, you may already live just a few blocks from a physical payday loan office. If this is the case you can drive or even walk there to get your application completed and start the payday loan process. Unfortunately, many of us don’t.

Online payday loan companies have popped up everywhere and have become part of many payday loan companies you are probably already familiar with. They’ve added this online component to be more available to people who can’t access them otherwise or simply don’t have time in their schedule to drive there and spend the time needed to get this all done.

Is There Anything Else I Should Know?

Yes. Every single payday loan company will have its own special set of rules and fees set in place. They may not have these listed in a visible place all the time but most states will require them to be listed. It’s a good idea to find out exactly what these terms are when selecting a company to use. The closest one may not always be the best one.

The reasons for needing a payday loan are almost endless but the end result is: You are in a tight spot and you need a way to get some money right now. You can’t wait around too long because something has happened and you simply don’t have any reliable means to take care of it without a payday loan. Here are some common reasons you may need to get a payday loan.

Medical Bills

Medical bills are extremely expensive and if you’re living paycheck to paycheck, it can be extremely hard to even fill a prescription, even if you have insurance. Uninsured? Forget about it. It becomes a nightmare on many levels. A payday loan probably can’t pay off even a single visit to the emergency room but it can help you handle that bill you get each month requesting some type of payment. Even $50 sent to a hospital or clinic each month will get them off your back until you can sort your finances out.

Utilities

Many of us live in a house or apartment that doesn’t come with paid power/cable. This sometimes leads us to forget to pay them in a timely matter until we get the dreaded phone call saying we suddenly owe $400 or we’ll be living in a cave with no hot water. That’s not good. A payday loan is almost always high enough to pay off or put a substantial dent in your various utility bills.

Vehicle Payments

Vehicle payments are another one of those bills you just can’t miss. Most car companies will allow a couple extensions then you’ll get that last chance letter or phone call. If you put that off, you may end up with a tow truck and or repo men at your house taking your vehicle away. Once they come, you can’t do anything about it. They’ve even made reality shows about this. A payday loan can help you keep your vehicle.

Rent

Rent is one of the most important bills you’ll ever have. Miss a rent payment and if your landlord is strict, you could be out on the street. If you have a family, this isn’t an option at all so you have to find a way to pay it. Payday loans may not cover the full amount but you will at least have enough to appease your landlord or add it with money you already have.

Fun

It’s not necessary to just get a payday loan to pay some late bill or handle an emergency expense. Maybe you deserve to treat yourself for a change. If you know you’ll be able to pay it back successfully, why shouldn’t you be able to see that concert or buy that new item while it’s on sale? You work hard, you should be able to enjoy yourself once in a while. Payday loans can help accomplish this.

Payday loan companies are only there to loan you the money you need when you need it. They won’t ask what you’re doing with it so that’s up to you. Just keep in mind that you should only borrow what you can afford to pay back.

No-fax payday loans are, simply, payday loans where you don’t have to visit an office or have to round up a bunch of documents, locate a fax and fax them to the lender. This entire process has gone the way of the dinosaur with most companies as of 2012 but small companies may still have this as a requirement.

No-Fax Payday Loans are:

Convenient: If you live in a rural area or even a large town, it can be extremely troublesome to have to locate a place to even use a fax machine unless you happen to have one yourself. Most of us don’t have a fax machine at home these days and instead utilize easier more convenient ways to shuffle documents to and fro. E-mail, scanners and high quality pictures of documents works just as well most of the time.

Easy: When you can do everything right from your computer and in some cases, your mobile device, the whole payday loan process is very simple. All you have to do is fill out a few forms and you’re almost done.

Quick: Faxing takes time and once in a while it won’t even work properly. Many of us have faxed something only to have the call dropped or have it otherwise not reach its destination. Sometimes it’s the fault of the fax operator whether it’s a store employee or even ourselves. If you have to drive to do it, that’s even more time and if you need the payday loan for vehicle reasons, it becomes even more of a pain.

No Credit Check: 99% of no fax payday loan companies will not check your credit. They understand that times can be tough and the last thing you need is a company checking your credit which actually makes your rating drop a little bit each time. No matter what your credit status, as long as you meet the requirements you should be approved.

Does this mean you won’t have to round up paperwork? Probably not. Most payday lenders will still need you to prove your income, get them a copy of your bank statement and ID and usually also verification of your residency (power/cable bill).

Where can I find a no-fax payday loan company?

Well, if you’re reading this, it’s a good start. This website has payday loan resources available for all 50 states and no matter where you are, you should be able to find exactly what you’re looking for. If you visit any of the states or cities you see on this site, you’ll be presented with a list of popular payday loan companies in your area. Not all of them will offer no-fax payday loans but quite a few will. We recommend you skip the hassle and use our top rated no-fax payday loan service. It will be at the top of the page and should change depending on what you’re looking for.

How long does it take to get a no-fax payday loan?

From the time you first apply, it generally takes about one hour to process and then you should have cash in your account. This is a vast improvement on physical payday loan offices that sometimes take a couple days. A couple days can be forever if you’re in dire need of cash right now.

The short answer to this question is “YES” but it could depend on quite a few things. The primary factor is going to be the lender who is providing the payday loan to you. There are so many different types of company that it can be hard to even tell who is willing to do what. Let’s break these down to make is a bit easier to figure out.

Title Loan Companies

In some states, there is only one option and that is a title loan. This is a fairly lengthy process and the odds of getting any money in your hands in an hour or less is pretty slim to be honest. You will have to clean your car and washing it is a good idea if you’re really hurting for money. You’ll then have to drive to the title loan company, wait your turn, then have your vehicle inspected thoroughly. Some companies will even take a test drive to ensure everything is in working order.

If you don’t have your car title, you can’t get a title loan at all. To remedy this, you’ll need to head down to your local courthouse and get a new one. This takes a long time and you may have to wait weeks in some cases.

Signature Loan Companies

Signature loans really confuse people because they aren’t regulated and you can be approved or denied for any reason. Maybe the person simply doesn’t like your hair. It’s 100% up to them whether or not you can get any money whatsoever. If you can, however, it is usually a pretty fast process. If there’s nobody in line, it can take around an hour as long as you have every document they require in the first place. This is usually proof of income, bank statements and more importantly, proof that you have a stable, reliable income. If you just switched jobs don’t even waste your time unless you’ve dealt with this company in the past.

Physical Payday Loan Offices

Some physical payday loan companies offer the “one hour or less” deal but not too many of them. The reason it can take a long time is because these places usually offer a ton of additional services and this leads to long lines. It’s highly recommended to call ahead to see how busy they are but even this doesn’t guarantee a mob of people won’t just show up while you’re on the way there.

A lot of the “speed” factor of these offices is totally random. The number of employees working there at the current time, how many services they offer and simply their policy. Some places will wait a couple of days just to double check all of your information.

The Best Choice: Online Companies

Ok, why would an online company be the best choice in getting a payday loan in under an hour? That’s simple, it’s all done electronically. E-mails and document edits are almost instant in most circumstances. All that you need to do is plug in your information, click send, and you’re almost done.

Typically you’ll need to speak with a payday loan representative over the phone to confirm your identity and set up loan terms but when the application only takes a minute, this is extremely quick and then BAM, money in your account.