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

Payday Loans Are Not The Best Solution You Can Have

Payday Loans Are Not The Best Solution You Can Have
Payday loans go by so many different names. They can be called post-dated check loans, check advance loans and cash advance loans. In simple terms, a payday loan is a short-term loan that comes with a high interest rate. When you apply for it, you will be given cash by the lender and you will pay it by writing a personal check that is payable to the lender, with the fee of course. You can also pay the amount you borrowed by authorizing an electronic withdrawal from your own account on the date of the agreed payment schedule.

The fees you are going to be charged are dependent on the amount that you borrow, or a percentage of it. Sometimes, the fee is for every $100 that is lent. Once you extend the loan, additional fees will be charged to you. you may think that such a rate won't hurt, but experts say that the interest rates applied on these loans can be between four to nine times more than the amount you actually borrow.

How does a payday loan work?

Say for example you borrow $500 and you intend to pay it on your next payday. Your personal check which will be payable to the lender should be for $550. That is the principal amount plus the fee of $50. You will then receive $300 cash and the lender will agree to hold your check until your next paycheck. On your payday, you can choose to either pay the lender in cash and you get back your check, or let the lender deposit the check you have issued. Should you wish for an extension, you will be charged an extra fee and your check will be held for another two weeks.

What's wrong with having a payday loan?

Taking a short-term loan in the form of payday loans is very expensive. As shown in the example, the cost of your loan for two weeks is $50, or ten percent of your initial loan. Many people also feel that they get into a much worse financial situation after paying off their payday loan. What's more, you will be very likely to be so dependent on taking such loans that it will be very hard to stop it, which obviously becomes very costly.

What can you do to avoid having to get payday loans?

Loans are certainly inevitable these days. With the economic recession everyone is suffering from, and not to mention the continuously increasing cost of living expenses, there are just so many reasons why you are likely to need a loan. But of course there is always a way that you can avoid being in a very undesirable financial situation. Keep in mind that only you can find the best solution to your financial problems.

If you have no choice but to have payday loans, then the best thing you can do is make sure you borrow only the amount that you need. Be careful enough not to have the vicious cycle of repeated borrowing of money.


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