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.

Wednesday, October 23, 2013

Are Low Fee Payday Loan For Real?

Are Low Fee Payday Loan For Real?
Payday loans may entail higher fees than traditional loans, such as those from a bank, but the benefits far outweigh the costs. For every $100 that you borrow, lenders from payday loans will usually charge from $15 to $30. However, on the brighter side, a lot of lenders like to compete for your business and off you a low fee payday loan. To get the lowest fee possible, you need to compare companies by conducting your own research. You will be able to compare different lenders, along with advantages of getting a payday loan (as shown below) before you opt for any payday advance loans.

When you elect to get any payday loan, you must take into consideration the fact that they are unsecured in nature, which is the main reason the cost of even low fee payday loans are higher than traditional loans. The loan being unsecured means that no collateral is required to secure your loan, and no credit check is performed. This, therefore, increases the risk for lenders, so they will charge you higher fees. This should be understandable because lenders can't just hand over money to you without getting something in return. The risk factor is included in the fees from the lenders.

Low Fee Payday Loans are Currently Available

While it is true that payday advance loans have high APRs, some even as much as 290%. Fortunately, though, there are lenders out there who offer decent low fee payday loans. These type of loans charge you $10 for every $100 that you borrow per week. If you borrow the money for two weeks, you will be charged $20, because of the interest rate. That is how payday loans work.

Emergency Financial Situations

You should only apply for a no fax low fee payday loan for emergency financial situations, such as medical expenses, vehicle accidents, late payments, etc. These loans are mainly meant to give you cash when an emergency arises and you are in need of some fast cash, and you can't wait until your paycheck arrives before you get it. In some circumstances, getting a payday loan will actually save you some money. For example, if you have insufficient funds at the bank, your bank will charge very high overdraft charges per day that you don't have money in your account. The fees for payday loans are a lot lower and can put money into your account to avoid this problem. Also, if you have late credit card payments, the interest and finance charges will keep accumulating. To avoid having any of these problems, let low fee payday loans help you get out of your emergency financial situation.

Moreover, it does make a lot of sense to choose to get a low fee payday loan, only if you are in a hard spot and have an emergency. Remember that the loan must be repaid on the due date, so please manage your finances well. If you pay back the loan on time, you will save money by avoiding additional charges. You can save a lot of headache by opting for a low fee payday loan.

Jessie Bowers writes articles on different topics including low interest payday loans


Post a Comment