Responsible Lending Policy
All lenders accessible via this website are by law required to accept all rules and regulations of State and Federal governments. Please carefully read the following information to understand our responsible lending policies.
Disclosure of APR and Fees
The Truth in Lending Act states that all lenders must adhere to its content. Before signing up for a loan, your lender will deliver to you evidence showing the precise details of your loan terms, including interest rates and fees. You should carefully evaluate this information.
Federal and State Regulations
All lenders accessible via this website are by law required to accept all rules and regulations of State and Federal governments. Each state also has their own laws that govern installment loans.
Commitment to Fair Debt Collections
Any collections activities by a third party debt collector would be governed by the Fair Debt Collection Practices Act (FDCPA). This is overseen by the Federal Trade Commission. The act requires that they comply with fair debt collection practices, including:
- Not contacting you by phone outside the hours of 8:00 a.m. through 9:00 p.m.
- Not harassing you or using abusive language towards you over the telephone.
- Not using deception to try to collect money from you.
- Not threatening you with legal action if it is not permitted.
Frank-Dodd Wall Street Reform Act
This act stipulates that lenders must follow fair lending practices, defined as fair, equitable, and non-discriminatory access to credit for consumers. If you feel that your lender is not following these rules please contact us and file a complaint with the Federal Trade Commission.
Participating lenders may verify your social security number, driver license number, national ID, or any other state or federal identifications and review your information against national databases to include but not limited to Equifax, Transunion, and Experian to determine credit worthiness, credit standing and/or credit capacity. Your credit history can also be viewed and evaluated to determine your credit worthiness. Credit checks or consumer reports through alternative providers such as CLVerify, Teletrack or DP Bureau, which typically will not affect your credit score, may be obtained by some service providers or lenders, in certain circumstances. When you submit your information to this Website, you agree to allow any and all participating lenders to check your credit and validate your identification document.
The lenders who pay the operator of this Website for Leads may ask that introductions and Leads be based on information provided by prospective borrowers including, address, phone number, social security number, bank account information, employment history, etc. Please note that the information a prospective borrower submits on this Website is not an application, it is only information required by the lenders we work with in order to decide whether there may be a possibility between a prospective borrower and a lender. This Website does not accept, collect or sell loan applications and doesn’t assist in the loan application process in any way. Prospective borrowers will need to complete an application with any lenders they are connected to via this website.
Prospective borrowers are advised to investigate any lender they are introduced to and should not obtain a loan from a lender that does not offer loans in their state. This Website cannot guarantee that its prospective lenders are eligible to make loans in your state. This Website provides no advice regarding the lenders introduced to prospective borrowers. This Website simply connects prospective borrowers and lenders. When this Website makes an introduction only prospective lenders provide loan terms to prospective borrowers. This Website does not determine the suitability of loans to you, provides no advice regarding loan terms or any other aspect of a loan. This Website does not present loan terms to prospective borrowers. This Website recommends that potential borrowers read any loan terms thoroughly and engage a loan broker or loan agent if advice is needed. You should carefully consider each lender’s terms and conditions to decide which loan works for you and your personal financial situation. Late or missed loan payments may be subject to increased fees and interest rates by the prospective lender. Interest rates and terms from prospective lenders are subject to change at any time without notice. Prospective lenders offer no guarantee that you will be approved for credit or that upon approval you will qualify for the prospective lender’s advertised rates, fees, or terms they have shown. The loan offers on this Website are from lenders who provide compensation to the operator of this website for provided leads. The rates detailed on this website are illustrative examples only and are provided by prospective lenders. There is no financial charge to you for using this service. Best endeavours are made to continuously offer accurate information on this Website. This Website is not a guarantee or obligation from the prospective lenders to provide a loan to you. Loans are not available at all requested amounts in all states. This service is not available to people living in the states of West Virginia, New York, or the District of Columbia.
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