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Most rapid payday loans do not need that you fax in factors such as paycheck stubs and b... These days there are payday loans and then there are fast payday loans and yes, there is a difference. Regular payday loans you either have to submit a check to be cashed on your subsequent payday or have direct deposit, either way they can take up to 24-48 hours to get the money. With a speedy payday loan you fill out all of the paperwork online and get the income inside a couple of hours. Most fast payday loans do not need that you fax in items such as paycheck stubs and bank statements. Generally these loan firms will accept considerably of this data on the internet and then will call your bank or credit union directly for any info they want on your bank statement. These varieties of payday loans are speedy and simple but you nonetheless need to have to beware of the down falls. Very first off these speedy payday loans are simple and rapid, but they frequently dont offer you a lot of paperwork. If something were to go incorrect with your loan or your capacity to spend the loan back, it is difficult to get in touch with the loan company. Also a lot of of them are located in other states so just traveling to the primary workplace is not an choice. You are literally at the mercy of the world wide web on these loans. Second the interest rates on these loans are exceptionally high due to the reality that they are rapid payday loans. These loans are regarded high risk loans so organizations can justify the higher interest rates. The bottom line is that there is a high demand for them so the firms can demand higher interest. It really is about supply and demand when it comes to speedy payday loans. So before you go and attempt out a quick payday loan do some analysis. If you can afford to wait 24-48 for a payday loan, then do that. If you can't, then at least be prepared for a higher interest rate for the convenience of receiving quickly money. check this out