In the midst of a financial emergency, you will need to have immediate cash and the quickest and easiest way to get money is to avail the payday loan no fax online. Since you are already in a financial tight spot, you will want a cheap loan. So you go to the traditional lender who offers cheaper loans. In many cases these lenders may not consider your situation an emergency. They can take a very long time with procedures like checking your credit history and requiring you to fax them many documents. Locating a fax office and faxing the documents will cost you quite a bit of money. Even after all this delay you can still not be approved for the loan. The delay in providing you a loan could cost you late payment fees charged by your creditors. Taking all this into consideration it is better to avail the services of the payday loan company even though their charges are higher. You will not have to fax documents or provide collateral.