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.

Monday, September 23, 2013

Points of Distinction Between Payday Loans and Other Forms of Cash Advances

Points of Distinction Between Payday Loans and Other Forms of Cash Advances
Payday loans can be harnessed by consumers as potent financial tools that can help them get out of their financial bind. And since we are now witnessing an increase in the number of companies that provide this special form of sub prime lending service, more and more consumers are now seriously considering this financial option when faced with a wide range of financial problems and emergency situations.

So, how do we define instant payday loans?

Let us first establish the key features of this type of short term loan in order to properly appreciate its significance to consumers. This type of loan is also referred to as paycheck advance, cash advance or payday advance. Payday loans are short term loans that normally run for up 30 days. When the loan matures, the borrower is required to settle the loan plus a specified amount of interest. Payday loans are different from the paycheck advances that are normally provided by the employer. It is also different from the cash advance that you are normally entitled to as a credit card holder.

The payday advance that is provided by your employer is company-based and is governed by relevant policies of your company. Based on existing company policies, as an employee, you are entitled to receive a specified amount as paycheck advance. Depending on the existing policies of your company, you can receive a partial amount or the equivalent amount of your full salary as payday advance. Companies normally set a limit to the number of times that their employees can avail of this cash advance option. The employer normally does not charge for such cash advances and the same are normally debited to subsequent pay slips either in lump sum or on a staggered basis.

On the other hand, credit card cash advances are pre-established lines of credit offered to credit card holders. In the strictest sense, the concept of cash advance does not actually apply to this particular credit option as the applicant's salary is not part of the equation. Instead, the credit card company looks at the credit history of the borrower and decides on such application based on their findings. Thus, it is the credit rating of the borrower that comes into play when it comes to credit card cash advance, which is in all intents and purposes is actually a credit line that is attached to the credit card.

Finally, when it comes to instant payday loans, we are actually referring to the credit option that is intended as a stop-gap measure. It is designed to solve short term or temporary cash flow issues and must be settled within a short period of time. This means that the term of this type of short term loan would normally run for a couple of weeks or up to 30 days. Simple processing and fast turnaround are the key features of this credit option. Consumers are given enough leverage to respond to unfolding or emergency situations in a timely manner. In fact, consumers can gain access to much needed funds in just a few minutes if they decide to apply for instant payday loans.


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