If you are looking for a no fax instant payday loans then you are looking for something that does not exist. The phrase “no fax instant payday loans” is a clever advertising phrase that is used to lure customers to a website.

How can the payday loan websites get away with this type of false advertising? Well in their eyes it is not exactly false because there are ways of stretching the statement “no fax instant payday loans” so that it is true.

For instance online sites can advertise “no fax instant payday loans” simply because you don't have to use a fax if you visit the company or one of the company's stores in person. In that case no fax is necessary because you will bring the documents needed to verify your income and identity with you in your purse or wallet. However the minute you apply for a loan online the use of a fax is pretty much mandatory unless you want to send copies of your identification to them by courier or by Federal express.

There is also a falsehood about the immediacy of the “no fax instant payday loans.” There is no such thing as an instant loan. For one thing it takes at least 24 hours if not longer for money to be transferred from a payday loan place into a bank account. Once again the only way that such a loan can be instant is if you visit the company or the company's store and walk out with cash in hand. Otherwise you have to wait, just like everyone else in the world, for money to be transferred into your bank account.

The most ethical payday loan places are probably the ones that don't use phrases like “no fax instant payday loans” to advertise their services. To play it safe always read the fine print before you sign with any of these types of companies as the words payday loans and morality don't often mix in the first place.