If you are going through a financial crunch and need instant cash, it is best to apply a short term payday loan through I Credit Store. Getting a short term loan can help tremendously in meeting the emergency expenses and also ensures that you do not have to ask for money from someone you really don’t want to.
Even though borrowing money from friends and family is preferred by many, it is generally not considered a wise choice, as it can lead to complexities in a relationship, which is a sure thing to avoid. These short term loans are generally not huge amounts, but something that helps you pay small outstanding bill and payments, to avoid interest or penalty on those payments.
The reason why many call it an I Credit Store Scam is because applying for a loan, without understanding the fine prints, especially in these short term loans, can actually become the reason of further finance issues. These types of short term loans are insecure in nature, and are generally granted easily to even people with poor credit ratings. It is because of this reason that these loans have a comparatively higher rate of interest, which, along with late payment fees in case of default can accumulate to become a huge amount.
Many people who do not pay on time are then charged late payment charges and heavy rate of interest, which can cause further financial problems, with many people then calling it a scam for reasons not valid. One can take the advantage of these short term unsecured or payday loans, only if they are good at financial planning, and can repay the loans as quickly as possible or as promised.