WHY CHOOSE ICASHLOANS ? : When you need cash quickly you want to work with a service that is reliable and experienced in the payday loan industry - iCashLoans is both. We pride ourselves on connecting our customers with the best payday lenders to meet their needs. Why waste time visiting dozens of websites trying to figure out which lender will serve you best? iCashLoans is the only site that you need to visit when you’re looking for a fast, secure payday loan.

Cash Loans: "We Search 100+ Lenders Money in Your Account Next Day"

About Us:

Our services are designed to help you find a reputable payday lender to work with. iCashLoans has a large number of lenders in our network, and we are confident that we can assist you in obtaining the best payday loan to meet your needs. Everyone hits a rough patch financially at some point, and payday loans are a great solution for short-term cash flow problems. You don’t have to worry about how you are going to pay an unexpected bill, or cover an emergency expense, between pay checks - iCashLoans is your source for finding payday loans. Using iCashLoans is 100% free to you - we do not charge any fees for our services. When you use iCashLoans you will save time and money. All you have to do is provide us with basic information and we will instantly search our network of lenders to find you the loan that meets your needs. At iCashLoans we pride ourselves on working with lenders that are fair and honest in their lending practices. Our main goal is to provide you with a great experience when searching for a payday lender. All lenders in our network are required by law to follow all of the rules and regulations related to payday lending. Don’t drive around town to visit payday loan shops, and forget about looking at website after website trying to find a loan with fair terms. iCashLoans is the only place you need to go to find a payday loan. We will search our vast netowrk of lenders instantaneously to find you the loan that you are looking for.

Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

Sunday, May 5, 2013

Unsecured Loans With A Low Credit Score

Unsecured Loans With A Low Credit Score

Bad credit unsecured loans are developed in mind for those borrowers that have bad credit history and can not qualify for a traditional mortgage or unsecured loans with a low credit score. If you do belong to this category of people with bad credit, you do not have to be overly concerned whether lenders will extend any credit to you, for these days there are many bad credit unsecured loans available in the loan market that will allow you to borrow instant cash.

The ramifications of having bad credit can be desolating. Every lender or financial institution is going to inquire about your past credit history. They need to scrutinize the type of risk you belong to. People with low FICO scores can expect high interest rates as a result of the added risks banks are taking on for financing high risk unsecured personal loans. Any sort of lending or credit approval is influenced by your credit rating. Every American has three credit profiles reported by the major credit reporting agencies, Equifax, TransUnion and Experian.

These profile reflect credit and account histories. This information is going to be used by banks when determining what kind of credit risk you are. If you have good credit, you can expect favorable terms and interest rates. However, those with bad credit can anticipate less favorable rates and terms. If your credit report reflects a positive credit rating, you will be acknowledged as a low risk borrower. Low risk is likely to translate to more favorable rates in a secured or unsecured loan. In a different manner, a poor credit rating will thus result in the opposite; being rejected for any loan applications or having to accept poorer terms, like high interest fees.

The most important factor is your payment history which accounts for roughly 35% of your credit score. Payment history includes payment information on credit cards, mortgages, auto loans, and other loans. Missing payments or making late payments will affect your credit score negatively. On the upside, your credit history will improve gradually as you pay your monthly payments in a timely manner. Bankruptcy or other financial judgments against you can also have a negative impact on your score.

Establishing or repairing bad credit can take some time and you must be patient. It may take up to a year if not more to fix or repair credit from bad to good. It all depends on how bad your current credit situation is. On the upside, your credit score will improve monthly as you pay your monthly payments on time, removing past due amounts and collection accounts.

If you suffer from a bad credit history but are determined in improving good credit, you can apply for bad credit unsecured loans. If you have been refused for any type of mortgage or personal loan, then bad credit unsecured loans are a viable loan product for you. One of the most enticing factors of these types of loans is that no collateral of any sort is needed, with no credit check. However, you need to be up-to-date with your repayments every month. Generally, unsecured loans for people with low credit scores have higher interest rates for the first few months.

However, if you are able to exhibit timely payment for the first year, your interest rate will likely be adjusted to reflect the good standing. This will also assist you to re-establish and repair your credit report and more importantly, bad credit unsecured loans make you eligible for other types of financing when you are proven to be a good paymaster.

The bottom line is that if you are looking to improve a bruised credit, you can have a look at bad credit unsecured loans. You will not only accomplish your financial goals, you will restore your credit rating. By re-establishing your credit, unsecured loans for low credit score will help get you approved for other types of loans and cash advance credit.


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