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.

Tuesday, September 24, 2013

San Antonio Payday Loan Lenders Facing Possible Regulations

San Antonio Payday Loan Lenders Facing Possible Regulations
San Antonio, Texas payday loan lenders are facing possible regulations. Folks in San Antonio are lining up at City Hall showing support for the City Council's proposed ordinance to regulate direct payday loan lenders and auto title lenders. The council would like to regulate the amount of a payday advancve based on the applicant's income and an auto title loan would be based on the lesser of annual income and percentage of the vehicle's value. The regulations would also limit the number of installments on a loan and mandate that there is a minimum reduction on the loan with each payment.

Most online payday lenders will format their loan practices to incorporate the rules and regulations of the different states. If these new ordinances pass council, this city will join a few others who have already placed regulations on payday loan companies. Dallas and Austin already have regulations in place and the payday lenders have challenged these regulations in the court, yet they still remain intact.

These cities are doing what other states have already done in order to protect the residents. Too many borrowers fall into paycheck loan traps and fall further into debt trying to pay back the loan. The regulations do not help everyone nor do they solve people's problems. Payday loan lenders are access to fast cash which will get a person by to the next paycheck. The cause for the extra payments is not answered by a ow cost payday loan. These loans are low cost if paid off on time. Those who do not pay them off on the due date will experience a rise in the cost due to the high interest attached to the loans.

The city of San Antonio will be faced with decisions. Certain states have banned payday loans all together, but the city does not have the power to do so. The city does not recognize that the service provided by the payday loan lenders provides relief to those who need the fast cash at times.

If this new ordnance passes, cash advance lenders and auto title loan lenders in San Antonio will:

* Limit loans to 20% of the gross monthly income. 
* Limit auto title loan lenders to 3% of the customer's gross annual income or 70% of the vehicle's worth. 
* Limit recycled loans to four. 
* Money from each payment will lower the principal by 25% 
* Limit how many times lump sum repayment can be refinanced to 3. 
* Lenders would have to register with the city, pay a licensing fee for each store location and make some business records available to the city.

* For those customers who do not read or write English, the lender must provide written documentation in the customer's language. In some instances, the document would be read aloud for the customer in whatever language they understand before any contract can be signed. Payday loan lenders will need to follow any regulation set in in place. They have the option to sue the city trying to get them changed, but until that happens, a resident would be in the best interest to only do business with lenders who follow regulations.

Spotya! Payday Loans does not advocate using a payday loan for just any type of spending. Our loans are meant to be short-term being paid off with the borrower's next paycheck.


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