Understanding Loan Terms and Regulations
APR Disclosure
In certain states, there are legal restrictions on the Annual Percentage Rate (APR) that lenders can charge borrowers. Cash advance loans have APRs ranging from 200% to 1386%, installment loans have APRs ranging from 6.63% to 225%, and personal loans have APRs ranging from 4.99% to 450%. However, these rates can vary depending on the lender and the specific terms of the loan, such as the loan amount, cost, and repayment period. It is important to note that if you obtain a loan from a state without APR limitations or a bank not governed by state laws, the APR may be even higher. Lenders are legally obligated to provide you with the APR and other terms of your loan before finalizing the loan agreement. Keep in mind that APR rates may fluctuate over time.
Material Disclosure
We would like to stress that this website does not function as a lender, loan broker, or agent for any lender or loan broker. Instead, we serve as an advertising referral service connecting borrowers to qualified, participating lenders. These lenders may offer cash advance loans ranging from $100 to $1,000, installment loans up to $5,000, and personal loans up to $35,000. However, it is important to note that not all lenders have the capacity to offer these loan amounts. Furthermore, there is no guarantee that your loan application will be approved by an independent, participating lender. It is essential to understand that this service does not constitute an offer or solicitation for loan products that are prohibited by state law. We do not endorse any specific service or product, nor do we charge any fees for our services. Any compensation received is solely from participating lenders and is limited to the advertising services we provide. It is crucial to note that this service and offer are void in places where prohibited. We do not have control over, nor are we responsible for, the actions of any lender. Additionally, we do not have access to the complete terms of your loan, including the APR. For detailed information about your loan, such as its terms, current rates, charges, renewal options, repayments, and consequences of non-payment or missed payments, please contact your lender directly. Remember, your lender is the best source for specific information regarding your loan. It is important to note that by submitting your registration information on this website, you are granting permission for your details to be shared with one or more participating lenders. However, you are under no obligation to use our service to initiate contact with a lender, register for credit, apply for a loan product, or accept an offer from a participating lender. Loan transfer times and repayment terms may vary among lenders due to state and local laws. In some cases, faxing may be required. To learn more about credit implications, late payment fees, and other important information, please review our FAQs. These disclosures are provided for informational purposes only and should not be deemed as legal advice. The use of this service is subject to our site’s Terms of Use and Privacy Policy.
Exclusions
Please be aware that residents of certain states may not be eligible for short-term, small-dollar loans or may face restrictions on accessing such loans. Specifically, residents of Arkansas, New York, Vermont, and West Virginia are not eligible to use this website or its services. The list of serviced states may change from time to time without prior notice.
Credit Implications
We want to make it clear that the operator of this website does not make any credit decisions. However, the independent, participating lenders with whom you are connected may conduct credit checks through credit reporting agencies or obtain consumer reports from alternative providers in order to assess your creditworthiness, credit standing, and credit capacity. By submitting your information through our platform, you give consent for participating lenders to verify your details and check your credit history. It is important to note that the loans provided by independent, participating lenders in our network are intended to offer short-term financial relief and must be repaid within a brief period. They should not be viewed as a solution for long-term debt or credit difficulties. Only borrow an amount that you can repay by your next pay period. It is advisable to seek professional advice regarding your specific financial needs, risks, and alternative options to short-term loans. Late payments may result in additional fees or collection activities, or both. Each lender has its own terms and conditions, so please review their policies for further details. Failure to make timely payments could lead to collection activities. Additionally, each lender has its own renewal policy, which may differ from one lender to another. Please review your lender’s renewal policy thoroughly.
Note: The image above shows the Easy Money location in Northport, AL.
