payday loan denied

Can there be anyone who is not granted approval of a no fax payday loan? One of my friends had applied for this loan. She was thrilled to know that there was no faxing in payday loan. Actually, this was the main reason and she decided to go through a process that's devoid of any complexities. However, she got the shock of her life when she was turned down for the loan!
payday loan denied
How Did This Happen?

With so much commotion about cash loans, people tend to get careless. The loan has no tough criteria or complicated procedures, but that doesn't mean that you can overlook the simple terms and conditions of the loan.

Eligibility Criteria

There are four main conditions for being eligible to avail a these loans. The first one is that you should be above 18 years of age. The second one is that you should be earning at least $1000 per month and working in the same job for a minimum of three months. Someone who is constantly changing jobs, that too, in less than two-three months, appears as a risky client for a lender. There are two reasons for this: the money transaction is done online and the payment of the loan is dependent on the payday. What if the borrower leaves his or her job, before the loan term gets completed?

The third condition is that you should have a checking account in a bank. Again, this is because the money transaction is done via wire transfer. The fourth one is that you should be a citizen of America. Am I hearing the readers belonging to foreign nationalities sighing in despair?

Flexibility

Coming back to my friend's case, she was denied the advance as she had no checking account in a bank. She had assumed that the lenders would send her money through a cheque, after they find that she did not hold an account. Remember, there is no flexibility in the criteria of the loan. The only flexibility that you have is in the repayment of the cash advance. You can extend the date of paying back by paying an additional fee in case of extreme circumstances when you can't pay back the loan on time.

My friend has a checking account now. She had applied for the no fax payday loan again and this time she has got the approval! Remember that even if you apply for a no faxing needed payday loan, it would not mean that no caution is needed.

No fax payday loan is almost never denied to borrowers due to its simple eligibility criteria. However, there are some people who become careless and apply for it despite not fulfilling the simple eligibility criteria. They feel disillusioned when refused the no fax payday loan. Let us understand the features of no faxing needed payday loan before applying for it. For more information visit best payday loan