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.

Saturday, November 23, 2013

Payday Loans - Short Overview

Payday Loans - Short Overview
Are you thinking of getting a payday loan?

You might want to read further in order to find out just how much is a payday loan likely to cost you and how easy it is to take one. Even if you are earning good amount of money and have a steady job, the unexpected can happen and you could find yourself in a dire straight with many bills and not enough money to pay them. This is the time when you can either borrow from friends and family, from the banks, or get a payday loan: if you happen to have a family members with money to spare, then you might want to turn to them, but if you do not, then you will have to borrow from a lender. The banks and the other traditional lending institution typically will not deal with small loans since they run extensive checks on their clients, which would make lending so little money cost prohibitive, and this leaves you the option of taking a payday loan.

What is a payday loan?

It is a short-term loan, in most states between 7 and 14 days, which is borrowed against your earnings - the lender will deduct the amount and the fees from your next paycheck. The terms of these loans are typically regulated by the state and if you want to get a payday loan in Kansas, then you can borrow up to $500 and the loan has a 7 days minimum and 30 days maximum term. The lenders that offer payday loan in Kansas are allowed to charge up to 15% interest rate plus an administrative fee and have to meet a few more requirements as well. The state legislation prohibits them from garnishing the wages of military personnel, does not allow them to attempt to collect money from military borrowers that are deployed in combat, and cannot contact army superiors in order to try to collect money from such military borrowers. The legislation imposes a few other restrictions and a borrower cannot have more than two outstanding payday loans at the same time, and a lender cannot make more than three loans to the same borrower in 30 days.

All the rules and regulations are meant to protect the borrowers from what many consider "predatory practices", where lenders charge excessive fees and lend more money than a borrower can repay. The competition between the various lenders has helped improve the loan terms and today most providers offer competitive interest rates and charge reasonable fees. Of course, the rates cannot compare to the mortgage interest rates as the payday loans are short-term and high risk in nature and the lenders have to charge higher fees in order to make them profitable.

If you want to get a payday loan, then carefully weigh your options and talk to various lenders in order to obtain the loan at terms that suit you. If you need quick cash, then getting the loan online is the best approach as the whole process is painless and quick. All you have to do is fill out a short online application, wait for it to be approved, and then you will have the money deposited straight to your checking account. Doing this too often might indicate that you are not managing your finances properly or your expenses exceed your earnings, but getting a payday loan when in need is an option that you should take into account!


Post a Comment