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.

Thursday, November 28, 2013

Low Fee Payday Loan Costs: A Small Price to Keep Credit Positive

Low Fee Payday Loan Costs: A Small Price to Keep Credit Positive
In order to avoid the high cost of bad credit, many debtors look to finding a fast low fee payday loan to cover the current financial crisis. Short-term loans are known to be more cost effective when paid off right away in comparison to letting payments go out late or overdraft a bank account.

No matter where you turn, if you are struggling with your finances, any type of credit will do its damage to the budget. Fees of any kind will come from some direction. Choose fees with the least negative affect. In other words, it may cost you slightly more in the short-run to handle a money crisis, but with the debt paid off fast the long-term effects are nipped in the bud.

When a credit challenged person seeks out a low fee online payday loan in order to make on-time payments, they are choosing to pay a little to save a lot. Late fees may cost less in a face value comparison but when you consider what actions you are saving from getting the payment in as requested, the extra interest increases its value.

*Late payments will subject an account to an average of $35 in fees. The interest will be added to the principle balance and interest will be charged for that amount as well. it's like your account is eating itself out of money.

*Creditors now charge penalty interest rates for those customers who make late or miss payments. These companies have lost too much money by default or bankrupt borrowers and those who continue to pay on their accounts end up making up the difference in added fees. These new interest rates are often comparable to higher than average payday loan costs. Someone who seeks out a low fee short-term loan to make on-time payments saves a lot over time by keeping the credit interest down.

*Late payments are reported to the credit bureaus. Once the problem show in a credit history, other lenders will use this information against you and raise rates or lower credit limits. It's like High School gossip across the cafeteria, it spreads like wildfire. Creditors use credit reports to evaluate your credit worthiness. Once the report is made that you mishandled an account, the message spreads to others and consequences will adhere to those accounts as well.

*Once a creditor raises your rates, it takes a long time of perfect money management to convince them to bring it back down.

So what do you do in order to keep all your friends or creditors in this matter on your side? Do what you can to fulfill your payment obligations. Seems so simple when we know it is not always so. Paying a bit more for a payday loan advance in order to cover budget problems may mean that you have to skimp on the food costs next week, but at least your credit worthiness reputation was saved. There would be a lot of high school students who could only wish for an opportunity to buy their way out of a reputation landslide.

Seek out a lender who charges on the lower end of average interest rates in order to limit an extra cost. Direct lenders will charge a fee for every $100 borrowed so only borrow enough to cover the emergency cost. Keep the "low" in "low fee" by finding a direct payday lender with competitive prices and paying it off as soon as possible. Short-term fixes prevent long-term problems are a cost effective way to keep your income working in a positive direction. Prevent the damage altogether so your future finances stay stabilized.


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