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.

Friday, December 27, 2013

How Payday Loan Works

How Payday Loan Works
Payday loans are receiving a large number of borrowers in recent years and this is mostly because of the benefits that one gets with them. Most of us are already familiar with the concept of payday loans but the chances are that many people are still not sure about the process of it like who is eligible for it, what is the interest rate, how do you get the loan, whether or not it is confidential, how much money do you have to pay back and what exactly do you need to qualify for such a loan.

For those of us who are not entirely sure what a payday loan is, the general idea is pretty much explained by the name itself. We can use these loans when we are in need of immediate money and we want it quick and for a short span of time however one should always take some risk analysis in consideration before actually using a loan. Knowing the working process of a payday loan and how the loan amount works can give you a great insight on how you can avoid any possible trouble with the loan. Once you know how the loan works you are familiar with the risks that are involved with the loan amount.

Most people fall behind the eligibility criteria for the regular bank loans because of their bad credit report. This results in another big advantage of payday loans as there is no credit report check for being eligible for the loan. The reason behind no credit check for loan eligibility is that if the lenders started checking the credit score of people, they will have almost no one to lend money to. Anyone who is good with the credit score will seek out other sources to get a regular loan instead of a payday loan. The biggest portion of clients for payday loans is people with bad credit report.

While we have seen the benefits of payday loans there are also a number of risks that are involved with such kind of benefits. People can get these loans very easily and almost everyone is eligible for the same. People tend to use these loans more than they require. This tendency leads to a financial problem in which the person is under a big burden of constant loans. It is necessary that you use the payday loans when these are absolutely necessary and if you follow this golden rule you can avoid the troubles with any loan.

The process of a payday loan is usually depending upon the way you get it or the place you get it from. There are a number of stores who offer payday loans and if you are looking forward to get a payday loan from there then you have to provide them the documentation of your latest pay slip from your job. This is required since they offer the loans only to people who have a job and they also want to know how much you earn as this is needed to decide how much loan you can get.

Other than the documentation of your payment slip you also have to provide a bank statement of yours. The later procedure follows knowing the amount that you want to borrow, and generally they allow you apply for a loan about half as much of your current salary. Then you get an agreement that you have to sign in order to get the loan. In addition to that you also give them a check which is postdated so that they can cash in the loan amount along with the interest money and other charges on your next payday. You can pay the loan even before the payday if you are able to and you avoid the charges and interest money by the duration of time and unless you pay them before they will be cashing the post-dated check as soon as your payday arrives.

Nowadays, it is very easy to get all the information regarding 100 Day Loans or Payday Loans Online.


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