Many payday loan companies require you to fax pertinent information like your driver license and proof of income (usually in the form of a paycheck stub) along with your loan application. By doing this you usually can borrow more money at a lower rate and often times the approval time is much faster because of the documentation you faxed in.

But what if you don't have access to a fax or don't want to provide certain information to the loan company?

Well, you're in luck because there are some payday loan companies that do not require you to fax in any information. Be aware, however, that you probably won't be able to borrow as much cash and there is a pretty good chance the company will call your place of employment to verify that you really do work there.

Finding a one of these no fax loan companies is easy, just look at the many loan advertisements on TV, in the paper and on the Web. They will say ?No Fax Required? in their ads.

Be sure and comparison shop before you apply because borrowing limits and fees vary from lender to lender but you can expect the typical limit for a ?faxless? loan to be about $500.

The main reason for this is to reduce exposure on the loan company's part because it is fairly easy to say someone else got hold of your financial information and took out the loan.

Also, expect to pay higher fees as well because the loan company is taking slightly more risk in lending you the money because you did not provide as much background information to them as they normally would like.

When comparing loans companies be sure and check not only the loan fees but what the annual percentage rate is for the loan. This will tell you the true cost of borrowing the money and can be very helpful in comparing various lenders rates.

Make note of repayment schedules as well, some might be more flexible than others and you definitely want to take this into consideration when making your decision as to which company to use.

Look for approval times, many payday loan companies have approval times of 24 hours or less so if you don't hear anything back by then you might want to check with the company before applying with another one.

If you get turned down don't despair and try another company. Remember, these payday loan companies are in business to lend you money and you will find one that will give you the loan you need if you just keep trying.

?No fax? payday loans can be real life savers but should only be used for emergencies. If you find yourself constantly needing these loans you will be paying excessive fees over and over and would be better off going to a bank and getting a long term loan with a lower rate.