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.

Saturday, November 23, 2013

Payday Loans - What They Are And How To Apply

Payday Loans - What They Are And How To Apply
Whether we like it or not, the state of the economy has been dismal for the past few years and the future does not look too bright either, and more and more people find themselves in need of extra cash in order to meet their financial obligations. The vast majority of us borrows large amounts of money from the banks or from relatives, who are capable of lending them to us, however, if you find yourself in need of small amount of cash that will help you cover your expenses until your next paycheck, then taking a payday loan is a viable option. A payday loan, or cash advance, is a short-term loan (usually of up to $1500) that is borrowed against a paycheck; the fees are typically higher than the interest rates that we pay on our mortgages, but taking such loan is also much easier and the application process simplified and speedy.

The payday loans are somewhat controversial topic as many legislators consider the interest rates and the fees charged unnecessarily high, while the lenders claim that the higher fees are essential to compensate for the high risk of the loans. The laws and legislations vary from one country to another and within the United States they vary from state to state as well.

If you want to take a payday loan in Florida, then you can borrow up to $500, excluding fees, and take the loan for 7 to 31 days. The fees that a lender can charge are up to 10% interest rate and additional $5 charge, and the state has passed statutes that address such loans specifically. Even though the maximum interest for a 14-day loan translates to 390% annual interest rate, more and more people are willing to take a small cash advance against their next paycheck.

The cash advances come with number of advantages too - they are far easier to qualify for and almost any US citizen that has been employed for at least a few months, and earns more than $1000 per month is eligible. Two other conditions are that the person is an adult (at least 18 years old) and has a checking account with direct deposit. The checking account is where the payday loan providers deposit the money and also where the money is deducted from in order for the loan to be repaid. The money is normally deposited one business day after the approval and deducted on the next day after the paycheck is deposited into the checking account.

Even though some people feel that the providers of payday loans charge fees that are much higher than the traditional lending institutions, various independent studies have proven that these fees correspond to the nature of the loans. Since these loans are not secured and credit check is typically not run, the defaults are also higher, which calls for slightly higher fees as well.

On a personal level, getting a cash advance can be expensive, but is also hassle-free and for many people one of the few options available! If you find yourself facing an emergency and need anywhere between $100 and $500, then you can get a payday loan and use the money to pay important bills. Such loans are often offered online, which makes the application process even simpler and faster!


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