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, November 6, 2013

Payday Loans: 5 Reasons Why They Are The Ideal Fast-Cash Solution

Payday Loans: 5 Reasons Why They Are The Ideal Fast-Cash Solution
When it comes to choosing a solution to money shortages, some people will hesitate to get a payday loan. But in truth these loans are the ideal answer for those of us in need of fast cash.

Of course, like any other loan option, there are risks involved, and statistically they are amongst the most expensive loans in terms of interest rates charged. However, there are several advantages to loans approved ahead of payday as opposed to those that are repaid over a longer period of time.

We have put together a list of 5 reasons why this financing option, which are also known as a cash advance loan, are arguably the ideal fast-cash solution.

Emergency Cash

Life can throw up some unexpected and rather unwelcome situations, some of which can demand immediate payment. Medical emergencies, for example, can demand a significant payment almost immediately, and accessing the necessary cash is not easy for many of us. A payday loan can ensure that the funds are made available to meet this demand.

Loans approved ahead of payday are generally only as high as $1,500, so as to allow for the monthly pay check. After all, it has to cover the loan principal and interest - perhaps bringing the total repayment to $1,750. But crucially, they can provide funds that might otherwise be delayed by as much as 3 weeks.

High Interest, Low Payments

It has been argued that the rate of interest that these cash advance loans charge are very high. This is certainly true, with some lenders charging as high as 15%. However, the fact remains the amount of interest paid over the lifetime of the loan is minute compared to regular 12 or 24 month loans.

This is because, whereas the alternatives will see 12 individual payments per year, the payday loan has just one or two months. The actual amount paid in interest is low, maybe $200. And given any emergency, that may be acceptable.

Certain Access to Cash Fast

Applications for loans against the weekly pay check are rarely, if ever, rejected and are also issued quite quickly. The reasons for this are two-fold: firstly, the pay check is security; and secondly, the cash sum is usually small.

The fact is that loans approved ahead of payday are limited by lenders, ranging from $100 to $1,500. So long as the confirmed monthly salary is sufficient to cover the amount, there is little reason to turn the application down. Cash advance loans are as reliable, therefore, as a borrower could hope for.

Simple Application

Applying for this kind of loan is very simple, requiring less of the paperwork than regular loans generally do. There is no need to provide collateral and no need to show credit history.

Lenders providing payday loans really only care about the pay check, which means that proof of employment and confirmation of the monthly income is necessary, while a bank account from which to withdraw the repayment automatically is also necessary.

Once these three factors are provided, proving that repayment is possible, it is logical to see these loans approved ahead of payday.

No Credit Checks

Finally, lenders who specialize in cash advance loans do not waste time in checking the credit ratings of their applicants. The reason is the same as above, with the monthly pay check the only thing that really matters.

This means that payday loans are perfect for those likely to be rejected by banks, and provides an opportunity to improve their credit rating each time a loan is repaid.


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