1 Hour Payday Loans – No Credit Check, No Faxing

We all know that our economy is in horrible shape and see many cases where 1 hour payday loans have been virtually a “life saver”. Where else can someone go when they absolutely must have some immediate cash for an emergency situation and their credit cards are maxed out , their credit score isn’t good enough for a traditional unsecured bank loan and they have no friends or family that can loan them the money they need right now?

This situation has caused many people to suffer in their credit ratings and these same people often worry that they won’t be able to get an unsecured 1 hour cash advance loan for the money they desperately need. What you should understand is that these 1 Hour Payday Loan lenders have structured their businesses for exactly these circumstances meaning your credit score or credit history are not even taken into consideration when making their loans. These cash advance or payday lenders are well aware of the fact that most of their borrowers have credit problems and that they will have a hard time getting paid back on some of their loans. Which is exactly why they typically charge such high interest on these payday loans.

1 Hour Payday Loans with no Credit Check or Faxing 

This type of lender already believes their applicants have bad credit or they would be at their bank seeking a loan instead of looking for 1 hour payday loans. Along the same school of thought is that many of them do not require you to fax any documents to prove the statements you have made on your loan application. The truth is that they already know that they are making a “high risk” loan and have already programmed that fact into their overall business operating plan.

1 Hour Payday Loans – What is Required? 

Not much! The normal requirements for 1 Hour Payday loans are that you be a resident of the United States but not live in one of the states where these payday loans are not allowed. (Currently Ohio, Georgia, Virginia and West Virginia). They require their borrowers to be at least 18 years old and have a legal source of income of at least $800 a month. That’s it as far as requirements go for most of these 1 hour payday loans.