Turning to payday loans companies working online, the bulk of their clients prefer to keep it in secret. Especially when it goes about their employers. A lot of online payday loan services offer credits without faxing. It is fast, convenient, and sounds very attractive.
However, your identity still needs to be verified. The question about how they are going to do this without any documents comes to the mind first. To tell you the truth, their methods may a bit different, yet in general, these companies work exactly the same. Here are the basic things an online payday loan company would do to verify your identity.
One of the peculiarities of borrowing money online is that you are obliged to fill in an application form. There you mention a lot of your personal information. For example:
You’ll also have to mention the data concerning your job, including your position and the employer’s phone number. Besides, you need to submit the information about your bank account.
Based on all the data received from your application form, the lender can verify your identity in several ways:
The first method of identity verification is used most often. Faxes are usually requested if the payday loan company failed to verify your identity via the phone. Yet, such cases are extremely rare and the whole process of verification doesn’t take more than an hour.