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.

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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.

Tuesday, September 24, 2013

How to Get Payday Loans When the Bank Says NO!

How to Get Payday Loans When the Bank Says NO!
Expert Author Rashel Brian
Most people opt for payday loans only during emergencies. However, there may be a few of them who will need the loans even to run their monthly expenses due to various other reasons.

While they are fairly easy to apply and get, due to the simple eligibility criteria, there are some rare cases when you may not be able to get a payday loan.

To start with the eligibility criteria for payday loans do not require you to produce collateral or pledge your property to get the loan. In fact, it is an unsecured loan which does not require any security in exchange of the loan money. So there are no legal hassles, no running around to arrange for documents and paperwork etc.

Banks usually give payday loans without any credit checks on the borrowers too. All one needs to apply for this loan is to be above 18 years of age and a permanent resident of the country.

The applicant needs to have a full time permanent job that will pay him a regular fixed amount as salary into his active bank account.

This bank account will help the lenders with vital information on the kind of income that an individual draws and the type and amount of each transaction carried out.

But, when the bank for some reason refuses you the loan that will put you into a completely tight spot to handle! The reasons could be your credit rating, your income figures, the nature of your job, some previous history with the bank or any other reason which the bank may or may not explain to you.

Either ways, it is a good idea to pursue with the bank or the officials there to find out as to what is the real reason for your application to get rejected. This way, you need not grope in the dark and can start working on what to fix or set right so that the bank trusts you and willingly accepts your loan application the next time you apply for a payday loan.

In the meanwhile, you cannot put aside your need for money which will need to be met somehow. Do not worry even if the banks for reasons known or unknown have rejected your application.

The loan market is full of plenty of lenders who are willing to service customers of various types with amounts of varying degrees. You can easily find the money lenders who will give you loans even when the banks refuse! However, there will be certain conditions and terms attached which you will need to be careful and agreeable too in order to get the loan.

The interest rates could go up higher than the normal rates offered by other lenders and so will the fees and charges attached to the loan. These types of lenders will be very rigid with the terms of repayment of the loan as the risk taken by them in your case is higher than that of the bank.

Be sure to understand each and every term and conditions put forward by these lenders and do analyse the total cost of the loan for the amount that you avail. Always work with such lenders only as a last resort as most of these lenders will be from the unorganised sector and can also mean harm in case of any delay in repayment of the loan.

You will need to carefully study the reason you want the loan, the exact amount required, what are the costs involved and finally, is the loan worth the cost that you will have to pay.

Another important thing with the lenders is to find out if they accept a security against the loan in which case you may have a chance to negotiate the rates and terms of the loan.

A security against the loan will take care of a certain amount of risk from the lender and therefore you can also enjoy the benefit of the collateral against the loan. 
Being a payday loan, the amount of money sanctioned by these lenders will also be in the same range as that of the bank. Therefore, do not expect them to loan you big amounts.


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