Responsible Lending

The company provides a selection service, which is designed to unite applicants and creditors. Our main goal is to help applicants find appropriate loan offers from lenders, while at the same time we strive to find reliable borrowers for loan providers. Our web platform is not a lender, we do not give or take loans, and we just present you a convenient online service as a place of negotiations. Users don’t have to pay for our services; it’s free option for them.

The administration of our site checks all users and third-party organizations, whether they conduct legal business and whether they represent reliable practices and services. Our users must comply with Federal and state laws and regulations.

We care about our users and try to keep them informed of changes, notifications and other updates taking place in the credit industry. On the site everyone can find informative content about short-term loans and other related materials about general lending. The United States is a huge country that required division into states. Currently, each state is different; each state has its own characteristics in terms of economy, politics, culture and law. This means that the laws of one state and the regulations may also differ from those of another state. As our site is based solely on legitimate activities, we also adhere to all Federal and state laws. Here, in this part, we would like to help you understand the differences in state regulations and documentation. Please, read the information below carefully before registering on the site. Be more attentive with the sections How It Works, FAQ and Rates and Fees pages that will help you make better and more profitable decisions about choosing from credit products.

Fair Debt Collection Practices Act

This law is used to collect debts from borrowers, who have not made timely repayments. Since our web platform is not inclined to take or give loans and collect debts accordingly, we do not adhere to this Act. However, we insist that our creditors observe and rely on Fair Debt Collection Practices Act when they need to collect the debt. We want to briefly review the main terms of this official document to clarify to our users the main violations, arising during the collection process:

• Collector begins to raise his voice, speak rudeness and psychologically put pressure on a debtor;
• Collector intrudes in the private life of the debtor, by calling at the wrong time, i.e. from 8 pm to 9 am;
• Collector tries to force a debtor to repay the loan by using fraudulent means;
• Collector threatens imprisonment or other legal punishments.

We do not allow our creditors to follow these negative behavioral patterns in their dealings with borrowers. In case any creditor uses one of these improper methods, we will immediately terminate our cooperation with this lender and report to the law enforcement authorities.

Fair Lending Act

This legal document contains provisions about prohibition of discrimination due to the credit issuing. Lenders have to make loan decisions based only on the applicant’s payment status, credit history, or other financial conditions, but they should not follow any non-financial factors, such as the applicant’s age, confession, religion, race, nation and others. Fair Lending Act allows all applicants to have equal access to loan offers regardless of their personality and appearance. Victims of discrimination must speak up about their cases and insist on their fair rights in obtaining credit products. In case of violation of this law, please contact Consumer Financial Protection.

Truth in Lending Act

Lenders should provide information about their loan product to the applicant interested in further cooperation. Applicants have the right to know the rates, fees, charges, conditions and interest before signing a loan agreement with a particular lender. They can choose a more suitable credit offer among a huge selection. The Truth in Lending Act obliges creditors to provide honest and complete information regarding their short-term loan products. Each state has its own differences and peculiarities regarding the law on short-term lending, creditors must adhere to Federal regulations, as well as local laws of their state.

State Regulations

In the United States, there are many laws relating to consumer protection. Each state creates its own laws to simplify and protect local residents. You can find different loan rates, rate limits, interest rates and even available loan amounts. There are official government websites where everyone can check certain and detailed information given his / her state regulations. Go to the Rates and Fees section and you will see links to these sites. It is important to be aware of the latest information when it comes to the credit industry. Lending information is rather changing the subject.