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

Payday Loans FAQ (Frequently Asked Questions) Answered

Payday Loans FAQ (Frequently Asked Questions) Answered
What are payday loans?

Also known as payday advance, paycheck advance or paycheck loan among other terms, a payday loan is a small, short term unsecured loan intended to take care of emergency or unexpected expenses until payday.

You apply online or at a payday loan store by filling out simple application forms. Once approved, which is almost guaranteed if you meet certain minimal requirements, you sign an agreement. Some lending companies require a signed check for the amount borrowed plus interest. The loan is due on your next payday, but usually you can extend it, in two week increments, but you have to pay at least the interest each time. Often the lender debits payment directly from your bank account.

I have bad credit. Can I still get a loan?

Yes. This is what pulls most people to these loans. Payday loan lenders typically do not pull credit reports or ask for any form of collateral. Good or bad credit, you get treated the equally.

What about collateral?

As stated above, you do not need any form of "hard" collateral. Your job and paycheck are all you need.

What if I have NSF's, overdrafts, charge-offs or a bankruptcy?

The rules and requirements differ with virtually each and every lender. But since payday loans are typically meant for sub-prime borrowers, you can still find someone to loan to you unless your situation is really, really bad.

What are the approval requirements or criteria?

One universal requirement is that you have regular income, like a job or pension. Some lending companies do not offer loans to people who get paid monthly but others do. Other requirements include a checking or savings account, be at least 18 years old and have a social security number. Minimum income and all other requirements differ by lender, with some lenders being more lenient than others, sometimes by a large degree.

Are there any upfront or application fees?

No. If you ever come across a lender who asks for upfront or application fees, or "approval" fees for that matter, run. That is possibly a scam.

How do I tell if my information is safe?

This cannot truly be guaranteed, even at your bank. But you should only apply to legitimate, licensed payday lending companies. If they have a store and that's not hidden somewhere in a back-street alley, chances are they are licensed and legitimate. Online it gets a little tricky, so you have to do some research. But you should always go with a company that has a secure website, or secure application page. Secure websites addresses typically begin with HTTPS (can be lowercase) while others start with HTTP - the difference is the "s" at the end for secure servers.

When do I get the cash?

Once approved, and you have signed all the necessary papers, you can walk out with cash or a check right away if applying at a store. If applying online, the funds get deposited in you bank account overnight - you can withdraw cash the next business day.

Are there any drawbacks or dangers I should be aware of?

The biggest drawback is cost. Payday loans are high interest loans intended for short term use only. Extending the loan can potentially cause a vicious cycle and negatively affect your budget. You should also be cautious when applying online as scam websites are everywhere and you might give away sensitive personal information to a con artist.


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