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.

Monday, December 9, 2013

Low Cost Payday Loans Terms and Conditions Differ Between Lenders

Low Cost Payday Loans Terms and Conditions Differ Between Lenders
How similar are bank 'Early Access', 'Ready Advance' or ' Deposit-Advance Loans" to what most people know as direct low cost payday loans? Depends on who you ask. As direct lenders are often tied to negative predatory reports, banks tend to miss that targeted reputation. If anything, people would be more apt to trust their bank for short-term loan over a payday loan company just by reputation alone.

When a person does their homework to find a responsible direct lender with low cost payday advance loans they may have to comb through quite a few company names to find one. For those people who already have a lender in mind, have used one before or had heard good things about a certain company their search is quite easy. Others may go directly to their bank in hopes of getting the best loan practices. Depending on how you look at best practices, you may end up using your bank or find yourself a trusted direct payday lender with low fees.

With only a quick look at terms and conditions, an applicant may see the bank as the lender with the lowest interest rates. Since interest is such a controversial issue with short-term loans, a low fee direct payday loan may not be as low as what the banks can offer. Many bank interest rates are half of what other direct lenders can afford to offer payday loan help for.

In order to qualify for a bank loan you must have a good standing bank account with them. Direct deposits are another prerequisite very similar to typical lenders. What is the difference? Once approved, the money will not take a business day to process as there is no exchanging of hands in the process. Many of these banks offer a flat loan amount of $500. This is good news for borrowers who were offered much less from a direct lender. With instant access to direct deposits, banks are going to collect their money.

Typical payday direct lenders will set up a debit payment on or around a payday. Banks will automatically withdraw their funds as soon as any deposit hits the account. There borrower has no time to see the money sit in the bank. If the money is not there or if direct deposits are cancelled in order to prevent the automatic payment, the troubles begin.

When a borrower uses a responsible direct lender, not having enough money in the account will turn into an NSF fee attached to the remaining balance of the loan. Additional interest to rollover the loan will be added if the lender cannot contact the individual for payment. Some lenders will have credit card on file to use as a secondary form of payment. If it is your due date and your lender is calling, it will be to your benefit to answer. Avoiding their call offers no payday loan help.

Banks run things a bit different. Once a deposit comes in, the money is taken right away. If that cash is not enough to cover the loan payoff, then there are overdraft fees plus additional interest placed on the account. Switch out your direct deposit so your bank does not take their money? You could possibly see your bank accounts frozen the next time you try to use it. Besides additional fees, this brings on a whole lot of hassles you may not want to ever experience.

Whether you are trying to obtain a low cost online loan, one through your bank or extend your credit limit, debt is something you want to be prepared to manage within your budget. Pay attention to the terms and conditions for the money option you do choose and make sure you stay in communication with them - especially if you encounter further money troubles.


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