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

What Are the Pros and Cons Of Payday Loans?

What Are the Pros and Cons Of Payday Loans?
They are a cheap alternative to banks and other high rate lending companies. And what's best is that your loan can be approved in just an hour or so once you've met their requirements. So are these types of loans really that convenient? What are the pros and cons?

The Pros

- Loans are instant 
If you want to loan, bring your requirements, a collateral, usually a post-dated check (depends on the loan company) then apply for one. Once approved, you'll get your loan in less than an hour, no more waiting for calls.

- They are like cash advances 
If you have too many cash advances from your company then it's not advisable for another cash advance. If you really need the money, then most likely it will be your only hope.

- Just like borrowing from someone you know 
The minimum amount to loan is $50 and the maximum is at $1,500 so it's like borrowing a money from someone you know. The loan percentage minimum is only 10%, pay it on time and it's just like owing someone a money only that you added some bonus. Compared to banks, the minimum is sometimes at $1,000.

- Anyone can loan 
Some banks and other financial institutions are picky when it comes to loans. They only pick on who they trust. So the possibility of an ordinary employee to get a loan from these types are low. They are made specially for ordinary employees that earns at a minimum rate.

The Cons

- Extending your pay will multiply the interest 
If you are unable to pay on time, you can ask for an extension, but be warned of the multiplied interest. For example, if you want an extension then the minimum interest, that is usually 10% will go up to 20% and if you aren't able to pay and asks for another extensions, your interest rate will now become 30%. Leaving you in heavy debts.

- The lenders are aggressive 
It's normal for lenders to be aggressive so if you have to pay on that time you really have to pay. Be warned of bounced checks as these too can make these lenders very aggressive and can even leave you to a criminal offense that are sometimes made up by these lenders in order for you to be prosecuted. So please pay your loan on time.

- Regional limits are ignored 
There are lenders that ignores the limits of a loan for a specific region. Please be weary of that.

- The higher the loan, the higher the interest 
Minimum interest for a loan is 10% but it's only for the minimum amount of loan. If you go higher than a minimum then the interest will be multiplied.

Payday loans are easy to get but please remember to take responsibility of your loan. Take a loan only when you need one. If it's unnecessary, then it's advisable if you do not make a loan at all. And remember to pay your loans on time or face the consequences.


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