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.

Wednesday, September 25, 2013

Choosing the Right Lender Can Be Difficult and Spotting a Bad Lender Is Not Easy

Choosing the Right Lender Can Be Difficult and Spotting a Bad Lender Is Not Easy
All financial organisations that offer money lending services must adhere to a strict set of rules and regulations. These regulations are enforced by a government appointment financial governing body. The governing body is known as the OFT, and it works to ensure all lenders follow the statutory, and voluntary lending practices.

All lenders are required by law to operate in a fair and just manner, in order to protect the consumer. This involves fair lending practices, which includes clear information on interest rates and fees, full disclosure of the terms and conditions of a loan, and protection of a borrower's personal information. There are also a variety of regulations about advertising, and marketing financial services, fair and honest advertising, and practices for communicating with customers.

Unfortunately, not all lenders adhere to these regulations. The voluntary regulations are an area that is particularly abused by less than scrupulous lenders.

When you are considering a short term payday loan, you should be aware of some of the tactics that bad lenders employ and be aware of how to distinguish a good lender from the less than trust worthy companies.

Firstly, once you identify two or three possible lenders, you should look at their websites and make sure all the information about their loans is there; interest rates, fees and terms should all be clearly accessible, and written in clear understandable English. Next you should look for confirmation that they have the correct licenses to operate as a lender.

Once you have established these basic requirements, you can spend a little time looking for customer reviews and information about each company. If it is an unpopular company, or if borrowers have had problems with them in the past, you will soon come across articles online telling you about it.

What you are looking, for is a payday lender who has a solid and trusted reputation with its customers. Look for genuine reviews and feedback, and examples of where customers have successfully borrowed.

It won't take you long to identify a good, trusted lender. You can then do some more detailed checks about the company by contacting their customer services and asking them about their loans, and the payday loan service they provide.

Spending a little time doing the research and investigating carefully can help you find the right lender for you, and can help ensure you do not get involved with a bad lender. Do not fall for clever sales tactics. Some bad lenders will do everything they can to encourage you to take out a loan. This is highly unprofessional and if you feel a lender is harassing you to borrow money, you are within your rights to complain to the OFT.

One borrower recently reported that an internet lender sent them text messages every day, attempting to encourage them to borrow money and take out a short term loan. This is unprofessional and not how the best lenders operate.

Take your time and think carefully before committing to any type of credit or loan. Choose a company with a good, proven, and solid reputation, and one which will do their best to help you by giving you the information you require.


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