http://www.paydaypolice.com/n83.html Instant cash advances should be available only to those who pass a test and can handle the demands. There are already lenders acting today with the Payday Police to create such restrictions to instant cash advances. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 In a recent memo to the Payday Police Department, our commissioner made clear our stance on instant cash advances. They are here, they are a reality, and they are something we have to work with. But by no means should everyone have access to instant cash advances - there needs to be a licensing, a test one must pass in order to qualify for instant financial aid. Thankfully, our friends on the outside agree, and there are already limitations in place. Restrictions to instant cash advances In the world of online cash advances there are two principle types - loans where you have to fax additional documentation, and faxless applications that are completed online. These faxless options do provide greater speed and make instant cash advances possible, but they also put the borrow at a significantly greater risk: With less steps to the application there is less time to judge your abilities and need With less requirements more people will qualify - including those who knowingly cannot handle the demands of a payday advance. The ease of getting these faxless loans is not carried over to their repayment - one end is simple, the other extremely complex and the cause of incredible agony and financial pain. The Payday Police hate these disadvantages, and apparently so do some lenders. What lenders are doing not to stop the instant flow There are lenders today who force all their applicants to send in a supporting fax to apply for cash advances - regardless of income and credit standing, you'll have to fax on that first go round. Once they have that faxed information however - once your information is on file with those lenders - you will receive a faxless application and the closest thing to instant cash advances you can hope to find online today. The lenders will know who you are, but more importantly they will be sure you understand the process and repayment procedures. The levels of success in these programs is amazing,a nd the Payday Police applauds them. Sat, 26 Jul 2008 15:00:00 EDT