There are many different companies out there that offer payday loans, and not all of them offer the same types of loans. There are two main types of pay day loans: traditional and faxless. Traditional payday loans require employment verification such as pay stubs or paycheck copies, as well as bank statements for up to three months prior to the date of the loan application. No fax payday loans require no documentation from you, and are much more convenient. Here are the top reasons you should choose companies that offer payday loans no fax. 

   1. These companies are able to process your loans faster. Approval is usually within minutes instead of hours, and you get the money in your bank account as soon as the next business day.
   2. The only information you need to enter is your contact information, birth date, social security number, bank information, and general information about your employer.
   3. All of the other information that you would normally produce for a payday loan is gathered automatically through secure information sharing servers.
   4. Since faxless payday loans are processed and applied for on the internet, you can choose to work with a company in a state other than your own. This can sometimes get you a lower interest rate or finance charge.