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.

Thursday, November 14, 2013

Finding an Unsecured Loan - Payday Lenders Are Not the Only Option

Finding an Unsecured Loan - Payday Lenders Are Not the Only Option
It is no secret that times are tough financially for many people. As a result of the tough market both credit cards and banks are routinely rejecting applicants who a few short years ago they would have lent money to happily. The result is that many people with bad credit scores are left to resort to payday lenders, pawnshops and check cashing agencies that are in business that loans little money with high interest rates and horrible terms. Therefore, when the time come to get a more legitimate loan, many people with bad credit are so jaded by the process that they feel discrimination. However, options are available to these people. There is a way to get unsecured loans, even with bad credit as long as you know what to do and where to look.

No matter the bad press that major financial institutions have gotten as a result of the recent financial collapse, the most likely place for an individual to get a loan is from a bank and often the same bank where he has a current account. Yet, this is not always the best bet anymore since many banks reject anyone with a blemished credit outright in order to lower their overall risk. The same is true for credit card companies as well. They are just not willing to take risks on those with a shaky financial past.

Therefore, if you have been rejected recently, chances are that you will be rejected again. What you need to do in order to secure financing from traditional financial institutions is change your credit and the best way to do this is to pay back a loan in good standing. However, it is not likely that you will be able to secure that loan from a traditional lender. Furthermore, continuing to seek loans from these institutions will further harm your credit due to the number of inquiries.

Do Not Trust Payday Lenders or Pawnshops

Once someone with bad credit is rejected by traditional sources, the easiest and most often used next step is the payday lender or local pawnshop. These people specialize in giving loans to anyone and therefore getting money is easy. Yet, the results that they give you are often more harm than good.

Payday lenders do not ask for collateral, however the practices that they do employ have led many people to liken them to loan sharks. The interest charged on a payday loan will be exorbitant due to the higher risk and generally the payback period is non-negotiable and limited.

Pawnshops are no better, the only difference is that they ask that you put up some of your possessions as security against the loan. They will then "hold on" to your things until you pay them back. The problem is that their assessment of your possessions' value is often far below their actual worth and many pawnshops are known to turn around and sell your things if you are even one day late in your payment.

Consider Using an Online Lender

Online lenders are the middle ground in today's tough financial times. If you have bad credit, this option can be a lifesaver in terms of money available as well as the terms given to you in borrowing that money. Generally, online lenders ask for proof of identity, employment and residence. They will almost always offer a loan in some amount, though not always as much as offered at a bank. However, the interest will be better than the payday lenders and paying back an online lender's loan will be a great step towards improving your credit score and setting you up for the future.


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