Nowadays people talk about short term loans. They are considered of great assistance when someone needs money in order to cover his/her short term needs. A specific type of short term loan, is known as no fax payday loans.
The traditional way to get a loan was when the applicant approached the local loan shop and filled an application form manually. This encountered lot of time and effort. After the completion of the form the applicant was not sure whether he would get the loan. The new way consists of calling the money lender; he will ask for specific information and he will get the form completed. Then, the money is transferred to the applicant's account, sometimes within a few days.
It should be mentioned that anybody can contact the lender and give him/her the necessary information in order to transfer the money. The necessary information consists of the number of his/her bank account in which the wage is credited. Financial institutions issue these in order to assist someone who is struggling now or in the near future. This type of loans are considered to be the fastest and, probably, the most convenient approach in getting the loan to surpass short term difficulties that may occur.