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.

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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.

Monday, November 11, 2013

The Penalties for Not Paying Back a Payday Loan

The Penalties for Not Paying Back a Payday Loan
Times are rough and you are not always smooth sailing all the way. We all know that and probably we all have experienced that. If you are one of the people who have experienced hard times then you would definitely agree that it is not easy most especially if it requires you to acquire a specific amount of money. It is very difficult to get by in these situations.

If this happened back in the days, we cannot imagine how people went through this mess. However, thank God that we live in modern times where problems like these usually have solutions that went along with it. Imagine yourself on an emergency and it requires you to accumulate a specific amount of money. You then checked your credits and realized that you are very short on finances and your next payday is not due until next week. What would you do?

Being in a situation like these sucks so bad because one, you cannot always trust your neighbors, family or friends to spare some cash for you to borrow. If these were difficult times, then they would probably need the money too. It is not always a feasible option. The best option you have in times like these are payday loans.

However, you should be aware of the consequences of not paying the loan that you took. Let us explain further.

Payday loans are what we could call "unsecured loan" given to people with matching high interest rates in exchange for less hassle, less requirements and lack of collateral. Not paying the loan on the date, which you are required to pay it, will give you a lot of problems. These problems are:

Higher interest.
More debts.
Ignominy in the society.
Harassment from the agency.
Emotional damage due to threatening calls and collections.
Damage to your credit record.
Legal problems.
Payday loans or cash advance loans (they are the same) are loans that you can get if you need money for emergency purposes these types of loans are the best option that you have. These loans are also easy to acquire. Today we will explain it briefly so that you would understand it well. The requirements are quite simple. All you need is a working checking account and employment. When you have these things, you are good to go. You can find this type of loan on various lending investors or lending places. Companies also offer it to their employees.

However, you should always remember that when you applied for this loan, and you were approved. You should also remember to pay it. There are consequences in not paying it on time. Although you might not consider it as something severe, it will cause you more problems in the future.

There are penalties in not paying the loan. They might charge an extra fee for it, which also increases the longer the time that you do not pay it. It varies from lender to lender. Before you go and apply for this loan, you should understand these following things first:

- You can use payday loans to prevent bouncing checks. Bouncing checks are expensive to deal with; it is a lot more expensive than taking a payday loan. You should use it to pay something that you need to pay for immediately. Do not use it to pay monthly dues because it would only worsen your situation.

- Not paying your payday loans on the due date is allowable but for a penalty. If you were not able to pay the loan, some lenders allow people to roll over the loan and extend the time that you would pay for it. However, that comes with a price or interest. So you had better make sure, if you can keep your responsibilities of paying it on time. This could be more of a headache than a solution to your problem if you do not pay on time.


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