Is it really possible to get no fax payday loans in just 1 hour?

If you’ve been searching online for terms like “no fax 1 hour payday loans” you might have already noticed that every single website claiming to give out loans within 1 hour is, however, unable to process your loan application within at least 24 hours. This seems to be just a a catchy advertising slogan to help the company boost their sales.

First of all there is needed some time to verify your identity, befor they would process your loan application. It may be quicker to visit a loan store so that you do not have to wait for the loan officers to respond to your application.

Even more time is needed to deposit money into your account. Most payday lenders guarantee to send funds directly to your checking account (and dedust the loan amount plus the fees on your next payday), however it usually takes at least one business day for the funds to appear in your account and it unfortunately can’t be any faster.

IOW, it doesn’t really matter which payday loan lender you select to borrow from, the period time neede for the cash to be yours is always going to be exactly the same.

You may wonder how the lenders are allowed to lure their customers with a slogan like “no fax 1 hour payday loans” and there is only one answer to this. The payday loan industry is so corrupt that you should not expect anything else from the lender than a misleading slogan like that.

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