A faxless payday loan in this case means that you can get the funds deposited into your bank account electronically, and you do not need to fax any documents beforehand. With other types of cash advance loans, a copy of your paystub, driver's license, or other document would have to be presented or faxed to the financer before money could be lent.

Most people can qualify for a payday loan as long as they meet the minimum approval requirements. Some of the requirements are that you must be at least 18 years old and live in the United States. To learn all of the approval requirements, visit our "How it Works" page.