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 21, 2013

Fast and Easy Payday Loans - Know the Basics Before You Apply

Fast and Easy Payday Loans - Know the Basics Before You Apply
(Did you hear that loud grinding noise? That was the sound of your car transmission dying on you.)

So now what do you do? You're strapped for cash and a half dozen creditors are snarling at your $200 checking account!

But you absolutely must get your car fixed. You need it to get to work. No car, no job.

So, to come up with $1000 fast for the repair, you take out an "easy payday loan.".

Easy payday loans, as they're often called in advertisements (also "quick payday loans" or "faxless payday loans") can be a source of immediate cash for just about anyone who's employed, but they come with a hefty price tag (high interest rate). What's more, they carry a number of serious potential costs you should be aware of, as I outline below...

Easy Payday Loans - Basic Points to Consider Before You Take Out the Loan

Here are some basic common-sense points to consider before taking the plunge and signing for a payday loan (or any other type of unsecured personal loan) --

1. Never borrow money unless you have a sound reason - i.e., "taking a weekend trip to Cancun" is not a sound reason -- and if you do have a sound reason, never borrow more than you need. 
2. Don't think you have to jump at the first loan offer. Compare terms from two or three lenders at least. And in making the comparison, don't just consider the monthly payments - look at the total cost of the loan, including "invisible" charges like credit insurance and other fees. Read the small print before you sign. You'd be surprised how many loan companies out there derive a big source of their income from the small print in their loan contracts! 
3. Always try your credit union (if you have one) before even considering an easy payday loan. 
4. Never pledge valuable assets when taking out a small loan. Never use credit cards to get emergency cash - credit card interest rates are phenomenal and you can soon find yourself working mainly to pay off your credit card debts! 
5. Be aware that interest paid on payday loans is not tax deductible.

Subprime Loan Issues

If your credit score (i.e., FICO score) is 650 or below you are - in the friendly terminology of loan companies - "subprime." And if you've had a bankruptcy within the past five years or a foreclosure within the past 24 months, you're also likely to be classified as subprime -- in other words, "high risk."

Provided you're employed you can still find emergency cash; however expect to pay a somewhat steeper interest rate for it.

And you should also keep in mind the following considerations if you find you've been labeled a subprime borrower --

1. Avoid allowing several lenders to access your credit report at the same time - several inquiries on your credit report in a short period can damage your credit score even more. 
2. Stay away from unsecured personal loans which involve any sort of "fancy" terms such as balloon payments or adjustable rates. 
3. As with all borrowers - but especially in the case of subprime borrowers - do not pledge personal assets when making a loan. And, again, read the small print. Some unscrupulous lenders try to take advantage of the subprime borrower by inserting unusually strict terms into the loan agreement. You can count on being held to whatever is in the contract, so exercise caution. Don't necessarily take the first loan offer.

Be aware that easy payday loans are seldom a good deal financially for the lender. But emergencies do happen and a payday loan can be a lifesaver - as long as you understand what you're getting (a high-interest loan) and make up your mind to pay the money back as fast as possible!


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