Alicia Keys is a student staying in the Brighton. Originally from Hampstead, she has rented out an accommodation along with the help of her friend. Far from her land, Alicia is committed to realise her dream of becoming a scholar, one day. But sometimes staying far from her homeland becomes a problem for her, although she is doing a part time job to meet her ends, but that is not enough. Since, it is not every day that she has sufficient money at her disposal to meet her necessary expenses, although her parents every now and then make sure that they send enough money to her; but recently, Alicia's parents lost their job owing to the global economic gloom, which is why they were not able to sent her the required dosage of money this time. But back here in Brighton, Alicia never had problem, as payday loans were there to take care of her each demand. Due to these 'no faxing payday loans', she was able to pay off her semester fees on time and even paid her rent in advance, saving herself and her friend from the wrath of her landlady.
This is not a story of Alicia Keys only, many others like her have gone ahead and have availed the benefits of payday loans scheme. These loan products cater to the demand of people like Alicia, who need money at a very short notice, which is quite an uphill task especially in these times which are characterised by the widespread liquidity-draught. The best thing about this loan product is that it operates on no-nonsense lines. This reflects in its instantaneous loan availing procedure that hardly takes any time, both in traditional as well as in Online form. Devoid of any unnecessary hassles, this loan can be availed by any section of the borrower including the ones who fall in the bracket of bad credit score, IVAs, awaiting for County Court Judgements or are non-property owners. The best part of its availing procedure is that it does not call for the formality of 'credit check' of the loan applicant, which makes it an ideal finance proposition for the likes of people who are struggling with the problem of a bad credit profile. Also, even though the borrower does not possess any asset to his name, even then he can apply for these loans and meet his financial crisis with utmost ease.
Being free from any kind of tedious documentation feature, these payday loans are also known as 'no faxing payday loans' or 'faxless payday loans'. With an easy eligibility criteria, almost anyone can apply for these loans. The basic eligibility criteria for procuring these loans is concerned, it is as under:
Loan applicant must be a citizen of the United Kingdom
The age of loan applicant should be 18 years or over the age of 18 years
Loan applicant must have an active bank account
Loan applicant must have a regular source of income
A perfect solution for short period finance trouble shooting, these loans are becoming a rage among the common public owing to their attractive rate structure. Also if a prospective borrower adopts the route of Internet, he is sure to find a superb deal.