One of the time honored traditions of applying for a loan is the endless back and forth that is required between the lender as paperwork is being processed. Thanks to advancements in technology and banking, it is becoming more and more common to eliminate the paper trail all together thanks to faxless payday loans.
Not too far in the recent past, applying for a loan took a lot of time, and required a lot of running around while assembling various documents and constantly having to turn in additional material. In addition, having to jump through all of the hoops lenders required of borrowers seemed to be a never ending process getting nowhere fast. To top it all off, once everything was finally in order and the application was processed and approved, it would take weeks to get the money you worked so hard for to end up in your bank account.
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