The payday loan industry emerged in the 1990s and quickly established itself as a major source of money borrowing in the banking world. What has helped payday loans carve out a distinctive niche is being the simplest, easiest and quickest way to acquire a short-term loan. The loans offered are very small cash advances, ranging from $100 to over $1,000. They are often covered by a post-dated check to be cashed during the customer's next repair. It appears that cash loan stores were once located in the most deprived areas of the city. With a neon sign reading "Check Cashing" or something similar, these cash loan stores were intended to cash checks from people without bank accounts. Then the payday loan shakeup happened and everyone started doing it. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Check cashing and payday loan stores seemed to be springing up everywhere. It was the convenient way to get quick money until payday loan. More and more online payday loan companies have arrived, giving consumers more choices than ever before. No need to queue and wait for hours and hours to get loan sanction. No more worrying about getting home safely with cash in hand. If you have access to a computer and the Internet, you can qualify for a checking/savings account payday loan within one business day. Additionally, the problem of faxing all required documents becomes a barrier for those who do not have access to a fax machine. Online payday loan stores quickly became fax-free. If you have bad credit but have a bank account and verifiable income, you can get a no-fax payday loan. If you don't have a bank account, some local stores will still lend you money. Local stores can get you cash within hours, some while you wait, and online payday loan companies can automatically deposit money into your bank account within one business day. There are several ways to get a payday loan, also known as a cash advance or just quick cash, emergency money, no-fax payday loan, etc. Until recently, a person had to look through the phone book to find a payday loan store somewhere in town, then call them and find out what kind of payday loan. documents were required to obtain the loan. It was also difficult to find a payday cash loan company offering reliable, safe and secure services. With the Internet, you simply fill out an online form and acquire a small, short-term money loan within one business day in most cases. Keep in mind: this is just a sample. Get a personalized document from our expert now. writers.Get a Custom Essay No-fax payday loans are readily available to meet your emergency cash needs. But be careful! Because payday loan companies lend money quickly, they must cover the risk involved and charge high fees for every $100.00 borrowed. If you need money quickly, don't make a hasty decision. Get the facts up front. Fees vary from lender to lender, so you should take the time to do some research and avoid getting scammed. Make an informed decision,.