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

Instant Cash Payday Loans Make Sense

Instant Cash Payday Loans Make Sense
A quick infusion of cash is usually necessary to alleviate short-term emergency financial situations. And these cash needs are not likely to equal the GNP of even a small equatorial nation, so a long-term loan is not really required. Not many traditional lenders are likely to go for loans that are for less than $1500. And that is when instant payday loans make sense.

A payday loan has been developed to help folks put to rest expenses that amount to less than $1500. This amount tends to the outside though. Some lenders will not lend that amount for new customers.

Once you have established a good repayment record with them, they will be willing to lend you more the next time you need a cash infusion. Understand that these loans do not require collateral (valuable property such as real estate or a late model car) to secure the loan. They do not require a credit check.

Instant Cash in Your Bank Account

Lenders are cautious in that they check your credentials enough to be somewhat reassured that you will be able to pay them back according to terms in the loan contract. They can often do this without you having to fax in any documents. Usually, they can establish identity, work history, and residency online.

Why Instant Cash Payday Loans Have a Bad Rep

Payday loans get a bad rap because most critics look solely and imply at the annual percentage rate (APR) advertised. What the critics should really be looking at is what the loan is going to cost in real terms, by checking out the total interest charges. Now this may cause you to wonder just what is an annual percentage rate or APR.

An APR, along with any other charges expressed so, is the APR. Using a APR is a common way of comparing loans that are alike except paid back over different lengths of time. But why is it useful to compare financial instruments that seem to be so dissimilar? Perhaps by going through the figures it will be easier to understand.

Hypothetical Situations

Say you were able to take out a personal payday loan for $500 and it has an APR of 19.9% and you will take 36 months to repay it. It would cost you $653 to repay, or 31% being added to the cost of the payday loan. The extra amount would be the APR.

Now, say you take out the same loan only pay if off over 60 months. The cost of the loan would be $766. This would be an interest charge of 53%.

Here's the kicker on payday loans: If you took $500 it would cost you $625 to repay at the APR of 1737%. Yes, this plays out to only 25% being added to the loan.

Short-Term Instant Payday Loans Do Make Sense

So, there you see laid out the fact that the APR for the two multiple payment plan loans are exactly in line, but the amount repaid and the specific APR charged put as the percentage of the amount borrowed in different to quite a degree.

They both also seem to cost much more than a payday loan but the APR equates to singing a different song. So if you only need a pittance to get you over a short-term financial bump in the road, you should side-step the APR and take a close gander at what the loan will actually cost. And, it is evident that a short-term payday loan is a very viable way to go. They do make sense.


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