A paperless payday loan (or paperless cash advance) will cost you dearly in fees. Usually around $30 dollars in fees for only two weeks of borrowing.

You authorize the payday lender to withdrawal their principal and their fee charges directly from your bank account very shortly after you have been paid by your employer. This is exactly the same process used for fax-less payday loans (AKA no fax cash advances).

When you read this you can’t help but do the math in your head – right? This is a $30 dollar fee for only 2 weeks – 14 days! So if you borrow 500 dollars for two weeks you are going to have fees of $150 yanked from you checking or saving account as soon as you get paid. This is assuming you manage to have that money in your bank account. Many borrowers do not.

So there is a price to pay for paperless payday loans. “Be careful what you wish for”, comes to mind.

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1. Paperless Payday Loans Paperless payday loans, AKA “faxless payday loans” are served and sought after regularly online. In fact it’s only online lenders that will even offer this kind of rare lending product. Some payday lenders claim that their approval and dispursements are paperless, but they are indeed asking for...
2. Need a One Hour Cash Advance Payday Loan? Do you need a one hour cash advance payday loan? There are different options online for this kind of fast loan, short-term loan. In fact there are MANY different direct lenders who claim to deposit between $500 and $1000 dollars into your checking account or...

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