Understanding the Annual Percentage Rate (APR)
APR Disclosure
In certain states, there are laws that restrict the maximum Annual Percentage Rate (APR) that lenders can charge. The APRs for cash advance loans range from 200% to 1386%, while installment loans have APRs ranging from 6.63% to 225%. Personal loans, on the other hand, come with APRs ranging from 4.99% to 450%, and these rates vary depending on the lender. Keep in mind that loans obtained from states without limiting laws or from banks not governed by state laws may have even higher APRs. The APR represents the rate at which your loan accrues interest and is determined by factors such as loan amount, cost, term, repayment amounts, and timing of payments. As a legal requirement, lenders must provide you with the APR and other loan terms before you sign any agreement. It’s important to note that APR rates are subject to change.
Material Disclosure
It’s crucial to understand that the operator of this website is not a lender, loan broker, or agent. Instead, we are an advertising referral service that connects individuals with qualified participating lenders. These lenders can offer cash advance loans ranging from $100 to $1,000, installment loans up to $5,000, and personal loans up to $35,000. However, not all lenders have the capacity to provide these amounts, and there is no guarantee that you will be accepted by an independent participating lender. It’s worth mentioning that our service does not constitute an offer or solicitation for loan products that are prohibited by state laws. We are not soliciting for a specific loan nor are we offering to lend you money. We do not endorse any service or product nor charge you for any such services. Any compensation received is solely for the advertising services we provide to participating lenders. Our service is void where prohibited, and we are not accountable for the actions of any lender. Please be aware that we do not have access to the complete terms of your loan, including the APR. For specific details about your loan terms, current rates, charges, renewal options, and payment implications, please contact your lender directly. Remember, only your lender can provide accurate information tailored to your specific loan. The registration information you provide on this website will be shared with one or more participating lenders, although you are under no obligation to use our service to initiate contact with a lender, register for credit, apply for any loan product, or accept a loan from a participating lender. Lenders have different cash transfer times and repayment terms, which may be regulated by state and local laws. In some cases, faxing may be required. For additional information on credit implications and late payment consequences, please review our FAQs. It’s important to note that these disclosures are for informational purposes only and should not be considered legal advice. Your use of this service is subject to the Terms of Use and Privacy Policy provided on this site.
Eligibility and Restrictions
Exclusions
It’s crucial to be aware that residents of certain states may not be eligible for certain short-term, small-dollar loans. Residents of Arkansas, New York, Vermont, and West Virginia are not permitted to use this website or our service. Furthermore, the states serviced by this website are subject to change without prior notice.
Responsible Borrowing and Credit Considerations
Credit Implications
The operator of this website does not make any credit decisions. However, it’s important to note that independent participating lenders, to whom you may be connected, may conduct credit checks through credit reporting bureaus or obtain consumer reports from alternative providers. These checks are performed to determine your creditworthiness, credit standing, and/or credit capacity. By submitting your information, you consent to participating lenders verifying your details and checking your credit history. The loans provided by independent participating lenders in our network are designed to offer quick access to cash that should be repaid within a short period of time. It’s worth noting that these short-term loans are not a long-term solution for financial difficulties and accumulating debt. It’s essential to only borrow an amount that you can comfortably repay on your next payday. If you have concerns about your financial needs, risks, or alternatives to short-term loans, consider seeking professional advice. Late payments may result in additional fees, collection activities, or both. Each lender has its own terms and conditions, so it’s important to review their policies for comprehensive information. Failure to make payments could have negative implications on your credit and may result in collection activities. Please review your lender’s renewal policy as policies may vary from lender to lender.
