IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you:
When you open an account, the lender will ask for your name, address, date of birth, and other information that will allow the lender to identify you. The lender may also ask to see your driver’s license or other identifying documents.
* The operator of this website will search their data base of lenders to bring you financial offers that suit your needs.
They are not a lender and they cannot guarantee you will be approved. They will match your profile with their database of lenders
to give you the best offers for your situation. Not all lenders can provide the advertised loan amount. Rates and terms of loans may vary by state and by lender.
Their lenders include short term loan and payday loan lenders. This website does not constitute an offer or solicitation to lend.
What is APR and how does APR work for a loan on this site?
APR is a commonly used abbreviation that stands for Annual Percentage Rate. This is a formula computed to show consumers what the
interest rate combined with all the fees of a loan will be, in total, when analyzed for an entire year. Because this matching site
generally offers short-term loans that are usually repaid in much less than a year, using a measurement like APR to represent the
interest rate with all the fees for a year's time can be both confusing as well as inaccurate. But, because APR has been adopted as
a general measurement for other loans, such as mortgage loans, auto loans, and other types of personal loans, it can be a way for
consumers to compare and shop by knowing what the representative APR ranges might be for a short-term loan that you may receive on
this site. Once matched with a lender, the lender is required to provide you, the consumer, with all costs associated to be expressed
as an annual percentage rate of interest (APR). This information will include the identity of the creditor, the amount financed, the
itemization of amount financed, the finance charge, the annual percentage rate, your payment schedule and your total number of payments.
You will be able to review all this information BEFORE you obligate yourself to any loan. Your interest rate will vary depending upon
which product you select from which lender. In addition, the Federal Equal Credit Opportunity Act prohibits creditors from discriminating
against applicants on the basis of color, race, religion, sex, marital status and age.
What is the APR for a loan that I may get from a lender when matched on this site?
We are not your lender. This site is a lending matching network that matches you with the best online lenders for your needs. Because
there are many lenders offering many different products we don't know the product or the exact APR that your lender may offer you.
But rest assured, your lender must disclose all this information to you before you obligate yourself to any loan. Generally, the
typical representative APR
range is somewhere between 261% and 1404%
for a short term loan that is intended for 14 days. It is important
that you review your specific loan terms that you are offered from your lender before you obligate yourself to the terms.
What happens if I'm late paying back the loan?
Once you are matched with a lender, you will be given all of your loan terms, in advance and in writing, for you to review. If you accept
the terms and conditions of the loan offer, you are agreeing to pay that loan back in the amount of time expressed in the loan documents.
If you do not understand anything in the loan agreement, you should not move forward. You should always pay your loan back on time to avoid
additional fees and penalties. Partial payment, non-payment, or late payment is likely to result in the following:
- Associated Fees/Interest rate adjustment - some lenders will charge fees, or adjust your interest rate if you are making late payments.
- Collection practices - If you refuse to repay the loan all together, it is likely that the lender will engage a collection company
to try and recoup what you owe them (just like any lender would).
- Credit Score impact - if you do not repay your loan on time, your delinquency may be reported to a credit bureau,
which could negatively impact your credit score.
- Renewal policy - As a convenience to you, some lenders may offer a renewed or "roll-over" loan that may have additional fees and may
renew automatically, unless you request otherwise. Please make sure to review your lender's renewal policies, and make sure that your
payment preferences are known to your lender.
This information will be disclosed by each individual lender. Please don't agree to any loan that you cannot repay. If you have questions or
need more information on late payment or renewal policies, please contact the lender directly and they will be happy to provide you that information.
While most lenders in this site's network do not run a traditional credit check, it is important for us to let you know that in some cases credit
checks, consumer credit reports and other personal data may be obtained by some lenders. These checks typically are performed by Experian,
Equifax, Trans Union or through alternative providers in order to make a decision on whether or not to offer you a loan. As with any loan,
it's important to repay the loan on time or contact the lender to work out a payment plan just as soon as possible.
The operator of this website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product.
Cash transfer times may vary between lenders and may depend on your individual financial institution. In some circumstances faxing may be required.
This service is not available in all states, and the states serviced by this website may change from time to time and without notice. For details,
questions or concerns regarding your cash advance, please contact your lender directly. Cash advances are meant to provide you with short term financing
to solve immediate cash needs and should not be considered a long term solution. Please borrow responsibly!
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