Pay Day Loans are a great example of a service that has fully taken advantage of the power of the internet.  The best pay day lenders now have great websites that allow people in need of a fast cash advance to go through a very simple application process that can have money in their bank in an amazingly short period of time.

Not all lenders have fully caught up with these developments, however, so there are still many who either insist on a credit check or need to phone you or get documents faxed through.  If you go to the best direct lenders and you meet the basic criteria for a loan, there is no reason why you should not get pay day loans with no phone or faxing required.

Pay day loans are designed to be for very short periods, so it is vital that the application process is extremely fast.  You are probably only having the money for a few weeks a most, so the last thing you want to do is have to wait a few days before you get it.  Just having a website and an online application process is not enough in itself.  Some pay day lenders have great looking websites, but if you apply on a Friday night, no-one will look at it until Monday morning.  This is not a true online process, and certainly not a fast one.

Stick to direct lenders because that is likely to be quicker.  Some sites are just brokers, who will pass your application on to the actual lenders, which can slow the process down and lead to extra obstacles.  With a direct lender you get only one set of rules and criteria, so provided you choose one that does everything online, there should be no phone or faxing required.

There is no reason why a pay day loan company should need to carry out a credit check on you, so any lender that says that is part of the process can be ruled out straight away.  All a pay day lender needs to know is that you have a steady income and a bank account.  You will obviously need to be over 18 and be resident in the same country as the loan company.  For most lenders, you will need to be earning at least $1,000 a month if you are in the US, or perhaps £750 in the UK.

Check what the basic criteria for the loan company are before you apply, and if you do not meet them, do not waste your time by applying, move on to another one that is more appropriate.  When selecting a company one of the most important things to be aware of is that you need to stick to well established lenders with a reputation for being responsible.  A lender with no track record may be happy to lend you money, but you could end up paying dearly for it if you have any problem paying it back promptly.  Less ethical companies are known to apply ridiculous extra charges for any late payments or extensions, and the result can be a rapidly spiralling debt that is soon out of control.

Follow recommendations for responsible companies that are known to offer pay day loans with no phone or fax required, and which have totally streamlined online application processes.