Rates and Fees
This website is not a lender and never makes credit decisions.
For this reason, the service cannot provide the users of the website with any
information regarding the rates and fees associated with particular online
personal loan products and the offers, provided by the lenders matched with the
users of the website. However, this website is striving hard to ensure that the
lenders in our network strictly adhere to all applicable international,
federal, state and local regulations and laws and able to provide fair credit
practices within the industry.
Usually, this credit is associated with relatively high
financial charges, rates and fees. For this reason, the industry is heavily
regulated on federal, state and local levels. Moreover, the number or
organizations, either governmental or non-governmental, which provide control
over the agents in this industry and establish the best practices and
regulative procedures, steadily grow and develop.
We provide the users of the website with multiple resources
and educational material, which can help study the industry and understand
their options better to get positive credit experience. Thus, we recommend using
the websites of [Federal Trade Commission] and the [Consumer Financial
Protection Bureau], two government agencies
responsible for creating and enforcing the laws and acts that govern online
personal lending and protect consumers from the cases of unfair lending
practices and discrimination.
In order to protect consumers from unfair lending practices,
many states have implemented their own regulations in addition to federal laws.
Individual states may govern the terms including but not limited to the maximum
allowable loan amount, the charges that lenders are able to apply to loans, the
number of rollovers (renewals) and term specifications that are available, the
late fees that may be applied and the number of outstanding loans that consumer
can have at a time. Follow the link to [this official website] and [this resource]
to get all the necessary information regarding the regulations in your state.
Please check back before applying, as these regulations are subject to changes at any time.
The states in which online personal loans are prohibited include
but not limit to Arkansas, New York, Vermont and West Virginia. This list is
not exhaustive and subject to changes at any time without prior notice. Please,
check the official websites listed above to follow the changes in state
regulations regarding online personal lending.
Personal Loan Disclaimer
A personal loan is a medium term loan with a fixed interest rate that is repaid in equal monthly payments and it's usually limited to 24 months. Loan offers and eligibility depend on your individual credit profile. Our lenders can help you obtain as much as $5,000 depending on the lender, your state and your financial situation.
The owner and operator of this website is not a lender and is not involved into making credit decisions associated with lending or making loan offers. Instead, the website is designed only for a matching service, which enables the users contact with the lenders and third parties. The website does not charge any fees for its service, nor does it oblige any user to initiate contact with any of the lenders or third parties or accept any loan product or service offered by the lenders.
All the data concerning personal loan products and the industry is presented on the website for information purposes only. This website does not endorse any particular lender, nor does it represent or is responsible for the actions or in actions of the lenders. This website does not collect, store or has access to the information regarding the fees and charges associated with the contacting lenders and/or any loan products. Online personal loans are not available in all the states. Not all the lenders in the network can provide the loans up to $5,000.
This website cannot guarantee that the user of the website will be approved by any lender or for any loan product, will be matched with a lender, or if matched, will receive a personal loan offer on the terms requested in the online form. The lenders may need to perform credit check via one or more credit bureaus, including but not limited to major credit bureaus in order to determine credit reliability and the scopes of credit products to offer. The lenders in the network may need to perform additional verification's, including but not limited to social security number, driver license number, national ID or other identification documents.
The terms and scopes of loan products vary from lender to lender and can depend on numerous factors, including but not limited to the state of residence and credit standing of the applicant, as well as the terms determined by each lender individually.
APR (Annual Percentage Rate) is the loan rate calculated for the annual term. Since this website is not a lender and has no information regarding the terms and other details of personal loan products offered by lenders individually, this website cannot provide the exact APR charged for any loan product offered by the lenders.
The APRs greatly vary from lender to lender, state to state and depend on numerous factors, including but not limited to the credit standing of an applicant. Additional charges associated with the loan offer, including but not limited to origination fees, late payment, non-payment charges and penalties, as well as non-financial actions, such as late payment reporting and debt collection actions, may be applied by the lenders.
These financial and non-financial actions have nothing to do with this website, and this website has no information regaining whatsoever actions may be taken by the lenders. All the financial and non-financial charges and actions are to be disclosed in any particular loan agreement in a clear and transparent manner. The APR is calculated as the annual charge and is not a financial charge for a personal loan product.
Late Payment Implications
It is highly recommended to contact the lender if late payment is expected or considered possible. In this case, late payment fees and charges may be implied. Federal and state regulations are determined for the cases of late payment and may vary from case to case. All the details concerning the procedures and costs associated with late payment are disclosed in loan agreement and should be reviewed prior to signing any related document.
Financial and non-financial penalties may be implied in cases of non-payment or missed payment. Fees and other financial charges for late payment are to be disclosed in loan agreement. Additional actions related to non-payment, such as renewals, may be implied upon given consent. The terms of renewal are to be disclosed in each loan agreement individually. Additional charges and fees associated with renewal may be applied.
Debt collection practices and other related procedures may be performed. All the actions related to these practices are adjusted to Fair Debt Collection Practices Act regulations and other applicable federal and state laws in order to protect consumers from unfair lending and negative borrowing experience. The majority of lenders do not refer to outside collection agencies and attempt to collect the debt via in-house means.
Non-payment and late payment may have negative impact on the borrowers' credit standing and downgrade their credit scores, as the lenders may report delinquency to credit bureaus, including but not limited to Equifax, Transunion, and Experian. In this case the results of non-payment and late payment may be recorded and remain in credit reports for the determined amount of time.