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.

Tuesday, October 8, 2013

Does Payday Cash Advance Really Help?

Does Payday Cash Advance Really Help?
Money management is always tricky business. No matter how well you plan, there are times when problems pop up and you're left with no choice but to borrow. In such cases, do payday cash advances really help?

The problem:

Most steady income families live from paycheck to paycheck. So, when unexpected emergencies arise, quick cash advances seem to be the way out. But, these loans come with high APR charges, just as in credit card loans. Does that mean that such payday cash advances ultimately compromise long term money management and send middle income families into a downward spiral?

The solution:

It's true that cash advance loans are at the center of a raging controversy. On the one hand, these loans are hailed because they offer timely assistance. On the other hand, critics condemn these loans as damaging because they throw long term financial planning off balance. The fact is, payday cash advances are designed for emergencies like paying the mortgage or avoiding a bounced check. These loans are meant to be utilized only when there are no alternatives and when payment cannot deferred.

Borrowers must think twice before taking cash advance loans. Typically, these loans charge high APR of more than 1000%. That means, a loan of £100 could well attract an interest of £20 or above. Obviously, the interest paid is higher on bigger amounts. Payday cash advances are meant to be short term loans. Typically, the term of these loans is between 14-30 days. In case the borrower is unable to pay off the full amount with interest within the stipulated time, an extension could be sanctioned by the lender. However, interest rates go up. Some lenders also charge additional fee before they grant an extension.

These terms might look difficult from the outside. But it must be remembered that payday loans have a particular purpose and they are meant to be availed only under pressing circumstances. Contrary to popular belief, the loan industry is a well regulated industry. Therefore, they offer a legitimate option when you need money urgently. As a smart borrower, you only need to read the fine print.

Some of the greatest benefits of payday cash advances include:

Immediate Payment: These loans are also called instant cash loans because of the speed with which they are disbursed. Borrowers could receive the money they want within hours of submitting their application. When you need money urgently, this minimal fuss facility could be a life saver.

Credit check: In the recent economic downturn, many people have taken a beating as far as their credit rating is concerned. Cash advance lenders do not check credit ratings. They are only concerned about the monthly check you receive from your employer. So, if you have bad credit rating, this could be the only way you can get some money urgently.

Convenience: Most lenders offer their application forms online. Borrowers only need to fill in the application from the convenience of their home in order to get the check in their savings account. Therefore, payday cash advance is convenient, quick and secure.

As you can see, there are pros and cons to payday cash loans. The outrageous fee charged by lenders is justified by the high volume of risk they undertake. Wise borrowers need to evaluate their options closely before they opt for these loans. That way, they will be able to utilize the usefulness of these loans without falling into a debt trap.


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