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Getting a payday loan online is quite popular. Various reputable lenders operate online. To begin the process, you simply submit an online application for review. Some online payday loan companies require you to fax in documents. These may include a copy of your driver's license, pay stubs, etc. Some don't require you to fax anything making the process even easier. When your application is approved, the payday loan company will direct deposit the funds right into your bank account. Although payday loans involve no credit checks, you must still meet certain criteria. For example, you must have a current job, verifiable checking account, and be at least 18. Some companies require a monthly income of at least $1000. Before signing and agreeing to a payday loan, read the document carefully. Make sure that you understand the interest rate, fees, and due date.
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