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

Payday Loans: Determining Legal Payday Lender From Loan Sharks

Payday Loans: Determining Legal Payday Lender From Loan Sharks
At present time, economic crisis has turned down some of us, and in order to meet our financial obligations, we often turn to short-term loans. Due to the rapid increase of high inflation rates plus lower wages, most of the employees face difficult times in shouldering their expenses. The bottom line is, we turn to payday loans.

For instance, the check we issued will be due the next day, but we know that our checking account does not have sufficient funds. Then what do we think the best option to resolved this kind of conflict?

Perhaps, we may borrow from a friend;however, borrowing money from a friend and a family relative may cause various issues and problems. Besides, with the present status of our economic state, no one has really an extra cash. Remember what Shakespeare's have said, "Neither a borrower nor a lender be, for loan oft loses both itself and friend."

Thus, there is one option left to us, availing payday loans. This short-term loan can also help us in many financial emergencies.

But before anything else, let us consider determining legal payday lender from loan sharks.

Due to the high interest rates that some payday lenders have charged, they have been criticized as disguised loan sharks. But this is common thing among loan companies. As a matter of fact, loan sharks infinitely charge higher interest rates.

This is the very reason why payday lenders was put at a disadvantage. This now the time where we should know how to determine a legal payday lender from a loan shark.

For the information of everybody, a loan shark may be a group of people who offers illegal loans at very high interest rates and often supported by blackmails and violent threats. They are usually attached with loan companies which are less honorable and reputable.

On the other hand, legal payday lenders are not associated with black mails or threats because they are licensed and a member of respectable finance companies and associations.

In fact, the existence of payday loans have pushed loan sharks to turn to other pursuits. Payday loans are finance alternatives that are not exploitative.

Now, the best thing with payday loans is that, if a borrower cannot pay the loan amount on its due date, the lender offers the roll-over option to all of us who have availed the loan in case. Loan sharks, on the other hand, use threats and black mails.

Often times, the collector of loan sharks may even take away our appliances, just to make sure we will pay the interest. What worst is, if for in case the borrower is a woman, she may asked to sell her body instead just to equate the unpaid interest rate or even the loan amount itself. Once a loan shark has gotten hold of a victim, it does not let go easily.

With all its negatives, indeed legal payday lenders do not offer such agreements. Thus, we should really know how to distinguish legal payday lender from loan sharks or illegal lenders. This is for the benefit of all of us, for the safety and security of everybody.


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