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 16, 2013

Online Payday Lender Usage Increases When Credit Scores Drop

Online Payday Lender Usage Increases When Credit Scores Drop
Your credit score plays a very important role in spending power. It helps to set the dollar amount approved by a lender or creditor. It is used to determine the interest rates on a loan or line of credit. For those who lack in credit worthiness, they lean on alternative money options like short-term online payday lender loans or other collateral based loans.

If you don't want to have to settle for higher priced money help, it is important to understand your credit worthiness. There are two primary factors that are examined by banks and creditors - your credit score and personal income. Know what matters and how you can help control what these creditors and lenders will see. Your money management skills are scrutinized in many different ways. For those who need to work at their score, there are the alternative options like no credit check online payday loans to cover emergencies that cannot be ignored. Increase you credit score in order to have access to traditional money options.

*Credit utilization rate - This percentage compares how much debt you have with how much you could potentially have. Low percentages will help to raise a credit score.

* On-time payments - The credit bureaus will keep your credit history for up to seven years. A history of on-time payments looks good to someone looking to approve your application.

*Age of credit history - If you don't have debt, you can't show anyone how you manage it. It's important to start building credit right way to help increase your credit worthiness. Both opened and closed accounts matter.

*Number of accounts - This refers to how many different types of credit look good on your report. Your credit report should show more than just credit card history. Other possibilities are mortgages, auto loans, student loans and personal loans.

*Number of hard inquiries - Every time you apply for credit, the company will check your credit history and leave their mark, almost like signing in with a visitor's book. Too many visitors will reflect a hardship on your part. Some people refer to online payday lender applications for small money matters. Since these direct lenders do not do a credit check, there is no record of your application.

*Negative management remarks - Late payments hurt your status. Severe reports like bankruptcy, collections, tax liens or civil judgments will tremendously impact your chances of obtaining an approval.

How many of these do you have control over? All of them! The more you know about credit scores the more changes you can make for the better.

You personal income makes a big difference in how much credit you will be authorized to use. If you already have debt, this total will be compared to your income in a debt to income ratio to see how much room you may have for more.

A payday lender online will not be able to see the total debt that you already owe. What they will want to see is your current bank statement that shows income and will review how you manage your debt throughout the last month. Where credit scores measure the last seven years of debt, the direct lenders want to see what you are doing now.

Don't ever assume that just because your creditor approved you for a certain limit that it is written in stone. If your credit score is healthy you may see your limit raised. If your credit score dropped you may also see your limit drop and your interest rate increase.

It's so easy to charge items and pay very little on the debt every month. Lon-term debt can both help and hurt you depending on how you manage it. Keep your current money matters in order and use an online payday loan lender if your debt to income ratio or credit utilization rate continues to prevent you from getting money the traditional way.


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