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 7, 2013

No Credit Check Loans the Ideal Option for Military Personnel

No Credit Check Loans the Ideal Option for Military Personnel
With the hard work being done by the military both at home and abroad, it is somewhat apt that they should be able to source loans without the added stress of going through a credit check. The availability of no credit check loans to members of the military effectively means that a loan is at their finger tips, but there are still financial aspects that need to be kept in mind.

The idea of loans that require no credit checks is not completely exclusive to the military or government services sector. In fact, they are available to the ordinary consumer too.

The simple fact is that loans free of credit checks are only available because the borrower can make repayments directly through their salary check, removing the risk of the borrower failing to pay.

Loan Type Explained

Quite simply, a no credit check loan is a loan that requires no check to be made on the credit history of the applicant. It seems a bit strange that a bank or lending institution would be willing to provide a loan blind. However, this is not necessarily the case.

A lender has little interest in the type of person a loan applicant is. All that matters to them is that the repayment schedule is kept to, and their money is paid back. That is why this kind of loan tend to be available to those with guaranteed employment, with military personnel a perfect example.

Because military means government, the applicant is unlikely to lose their jobs. This makes receipt of the monthly repayments a practical certainty. With such confidence, lenders can easily afford to offer loans free of credit checks.

Risks for the Borrower

Of course, nothing in this world is for free, and a no credit check loan is still a loan that needs to be repaid. To that extent, there is a responsibility to repay and a chance, though much reduced, of default. Thinking that check free loans means free money is a big mistake.

For this reason, it is essential that anyone considering getting such loans understand exactly what they are. First of all, loans that require no credit checks are always small, perhaps extending to around $2,000. Secondly, the loan itself is expected to be repaid in as short a period of time as just 90 days.

In fact, loans free of credit checks are in essence payday loans, with repayments taken from pay checks each month. While payday loans are usually repaid in full in one go, these loans can be paid back over two, three or even four pay checks. With such a short term for repayment, and such a low sum, these loans are designed for emergency financial situations.

Conditions of the Loan

As with every type of loan, there are set criteria that must be met before any no credit check loan can be approved. While credit history may not be a factor, proof of income is. Without this, there is no chance of being successful because loans that require no credit checks only exist when repayment is practically guaranteed.

The other conditions to be met before loans free of credit checks can even be considered are proof of citizenship and proof that the applicant is aged over 18. Once these are established, the lender will begin the approval process, and news of the approval can be received within just 24 hours.

What is also important to remember is that the particularly salary an applicant has is what makes the loan possible. Therefore, it is wise only to seek a loan sum that is affordable and does not cause other obligations to be missed. A no credit check loan has many advantages, but a cool head still needs to be applied.


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