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, September 29, 2013

Applying For A Payday Loan With Bad Credit History

Applying For A Payday Loan With Bad Credit History
One of the biggest appeals of the payday loans is the fact that they are available to people with bad credit and even no credit history at all. This allows almost any person, who is employed and earns certain amount of money per month to apply and borrow money against their next paycheck. Making it easy to borrow money when needed also stems from the fact that the vast majority of the cash advance lenders operate online, cutting down the time of the whole application process to a few short minutes.

What are payday loans and can a person with bad credit apply for one?

The payday loans are microloans, which are borrowed by employed men and women and repaid with their next paychecks. The amounts that could be borrowed are typically in the region of a few hundred dollars, while could be up to one thousand and five hundred dollars in some cases. However, these amounts could be also capped by a state legislation, together with the interest rate and the fees that the lenders are permitted to charge. Most of the lenders, who operate over the Internet, advertise their services as available even to people with poor credit, while some might still require credit check.

Is a payday loan expensive?

When compared to almost any form of long-term borrowing, the paycheck loans are expensive, but so are all short-term loans. The annual percentage rate (APR) is far higher than the banks charge on their long-term loans, but with the smaller borrowing amounts, it also results in just a few dollars. The higher rate is also explained by the risky nature of the loans, and the competition amongst the various lenders along with the state legislation, have greatly reduced the rates and the fees charged. These latest developments have made the payday loans far more affordable and the questionable practices far less frequent occurrence.

Who qualifies for a payday loan in the United States?

Although the requirements could vary from one lender to another, almost all of them require the borrowers to be US citizens, older than 18 years of age, permanent employees, and have a working checking account. Some lenders require a monthly salary or other fixed income that exceeds $1000 per month, while others do not approve applicants that have filed for bankruptcy. These are basic requirements that allow almost every employed American to apply successfully for a cash advance and get the money that they need in a matter of days.

How long does the application process take?

When applying online, the applications are typically approved in 24 hours or less, and the money is wired to the checking account of the borrower one business day after the application has been approved. Most borrowers do not work during the weekends or public holidays, while others operate 24/7, but since the banks are closed at the weekends or during the holidays, they can deposit the money only during the workdays.

Being able to get emergency cash quickly and hassle-free is extremely convenient and more and more people are using this form of borrowing since it is extremely convenient.


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