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 9, 2013

Why Should You Get a Payday Loan

Why Should You Get a Payday Loan
There are times when you cannot afford to wait for a personal loan. A personal loan can take a while to be approved, and at least requires a day for approval. However, there are certain emergency situations where you cannot afford to wait that long. An example would be emergency medical treatment that cannot be covered by insurance. A personal loan is not the solution to this problem, a payday loan is.

Less Paperwork

A payday loan usually does not require someone checking credit or even a collateral. This works out very well for those who do not have a good credit history or any major assets to offer as collateral. There are only two main things required for a payday loan: a bank account and a job. This is the bare minimum compared to all the paperwork required for a personal loan. Thus, payday loan are very attractive for this accessibility.

Perfect for Emergencies

Payday loans are made for emergencies. No bank could approve a loan of $2000 in less than a day. And it might be too late after that. Lenders, on the other hand, work on quick requests and approval, and usually take less than a day to process everything and grant you a load. This, of course, is influenced by the fact that they have less paperwork to check. Moreover, the due date is considerably early. You just need to pay back your loan by the next time your pay check arrives in the mail. Thus, these loans are intended for emergencies only when you do not have enough cash on hand to make your payment, but would probably have it by the time your next salary payment shows up. If you cannot pay back the loan with your salary, the payday loan is not worth taking.

Interest Rate on Payday Loans

Payday loans have a high interest rate. This is due to three factors. Payday lenders take a major risk lending money to people without thoroughly checking their credit history. They also do not ask for any kind of collateral. The final reason is payday loans are short term loans. Using ordinary interest rates would not be profitable for them. Moreover, since you should pay the loan by your next check, it should not be that big a burden for you. Thus, they serve as an incentive to pay back the loan on time.

Amount You can Borrow

The loan amounts are generally relatively small. They range from $500 - $1000. However, some lenders go up to $2000. But, you usually cannot go above that. If you require a higher amount than this, you may need to reconsider your desire to have a payday loan, and take a personal loan instead.

Perfect for those with bad Credit History

If you have a bad credit history and need only a small amount, payday loans can be ideal for you because they are also granted to those with bad credit history. You just need to ensure them that you have a job.

Everything Online

You can even look for payday loans online. This way, there is barely any paperwork involved. All transactions are carried quickly and efficiently online. There are plenty of sites that carry all these lenders in one long list for it to be even easier for you.

Mark Venite is the author of this article and a successful financial advisor with 20 years of experience. He helps people to get approved for Bad Credit Personal Loan and Student Loans with Bad Credit. For more information about his services please visit him at


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