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May Faxless Cash Advance

When the fax is received the lender will verify the information is correct and administrate the loan. Most May Faxless Cash Advance lenders will electronically deposit the loan amount in the applicant's checking account overnight, depending on the time of day the loan application was received and approved. May Faxless Cash Advance lenders typically do not process loans on weekends.

Currently, fees charged on May Faxless Cash Advance range from $15 to $30 on each $100 advanced. The cost of getting payday loans should be viewed as a service charge. According to market research, banks and merchants charge an average non-sufficient funds fee of $24 per check. Credit card companies impose an average late fee of $26, while auto finance companies charge $23. In contrast, the average finance charge on a May Faxless Cash Advance is about $18 per $100 borrowed.

May Faxless Cash Advance loans are repaid in the same way they are received – by an electronic ACH transaction. On your next payday the loan amount and fees are automatically deducted from your account. If you require an extension or would like to rollover the loan for another pay period, simply contact the lender 48 hours before the loan amount is due.

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