Sara Routhier, Managing Editor of Features and Outreach, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming worl...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Aug 29, 2012

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Retail lending stores and online lenders offer no fax payday loans to borrowers across the country. However, prior to the internet’s rise there was another type of payday lender.

Fax payday lenders were the lenders of choice in the past. Believe it or not, prospective borrowers could send the financial documents necessary to borrow money over phone lines through fax machines to lenders. Now that the age of the fax machine is practically gone, far more efficient and reliable channels for prospective borrowers looking for payday loans are available.

The first and most conventional place to find no fax payday loans would be physical stores. Modern stores typically do not use fax machines or even offer services via fax machines. While some physical store lenders maintain an online presence in tandem with their brick-and-mortar location, others operate entirely online.

Online lenders are a booming segment of the payday industry, and rightly so. The internet offers many businesses—including payday lenders—the ability to access millions of potential customers around the country. On a global scale, the internet gives businesses—both large and small—the ability to reach billions of eyes and ears. Payday lenders jumped on this bandwagon years ago, and they’re certainly no stranger to the internet’s rise.

Borrowers have very easy access to no fax payday loans offered by online lenders. A simple web connection can bring various types of cash advance products to qualified borrowers.

While payday lending stores may become heavily regulated or even prohibited in some areas of the country, online lending will remain a viable option for determined borrowers.

No fax payday loans are essentially the only type of payday loans available today. Prospective borrowers can decide if a physical retail payday lending store is the right choice for them compared to an online lender by weighing the differences in interest rates and fees. Borrowers must remember that different lenders have different requirements for what they consider to be a qualified borrower.