Top #3 Tips to Better Understand Credit Repair

It’s important to understand where you stand with your credit score.  You won’t be able to correct your credit until you can identify what your score is.

#1 Reach out to one of the major credit bureaus to get a copy of your report!  These agencies are Experian, TransUnion and Equifax that are the major reporting agencies.  Understand that you may not like the results and that many people just like you dread actually getting the number but this will lay the foundation for how you can then take steps to improve your score.  Your results should fall within 300 on the low side to as high as 850 and any score over 700 should result in gaining the trust of creditors which will bring the best interest rates.

#2  Fight your credit results by filing a dispute.  In the event that you see bad information on your report you do have the option to take some corrective action.  This can be done at your own pace and if you see multiple issues than why don’t you start working on some of the easier items and take small steps towards improving your rating.   Patience in credit collection is ‘key’ and be dedicated to keep up the fight.  Simply writing to the bureaus above and notifying them of any error in the report along with providing some supportive documentation.  Make sure to provide a copy of the report and circle or highlight the areas of concern.

#3 Recognize areas to improve your own habits.  Bad credit habits are your own but often are out of your own control.  However, it’s up to you to improve your score and that may require extra attention to:

  • Being more timely when paying your bills on schedule.
  • Reduce your credit card balances.
  • Limit your credit card use and stop using the higher interest credit cards.
  • Avoid any new enticing offers to transfer or apply for any new credit lines until you get a better handle on your expenses.

Honestly, it really comes down to your ability to recognize your own financial situation.  By sitting down and reviewing your credit report is the first step towards making corrections to better your financial picture.  This can be a process so understand that finding options can take some time and involve research prior to finding the best way to repair your score.

 

FAQ

Frequently Asked Questions

Welcome to cashloan.me board of frequently asked questions. Please, go through the main issues about short-term loans and the peculiarities of our service. If you will not find the answers to your questions regarding the use of the service or short-term loan industry in general, please, contact us to ask directly. Our expert team is happy to help you get along with short-term loans and understand how to make the best of this credit option and use it safely.

What is a short-term loan?

This is a relatively small personal credit (up to $1,000) for 1-4 weeks (the terms vary depending on the regulations in different states). This credit option is associated with high acceptance rate, because the lenders secure it with borrower’s income. For this reason, many applicants may be approved despite their imperfect credit reputation and get access to this option in a relatively short time.

What does one need to be approved?

Qualification for short-term loans is simple. Lenders need only basic information about applicants to decide if it is secure to provide credit or not.

  1. one needs to be a legal USA resident of 18 years old or more;
  2. one needs to provide valid contact details;
  3. one needs to be legally employed and have steady income;
  4. one needs to have an active bank account for direct deposit.

It is possible that lenders will enquire more information about applicants (for example, to send pay stubs to prove income) individually. In this case, the procedures can take more time and involve additional procedures and paperwork (faxing or scanning).

Are the procedures safe?

When you make your request on cashloan.me, we collect your information to process it and find the right loan provider for you. We encrypt your data and use industry-leading technologies to make all the procedures secure and protect your privacy at high level. Please, find out more about the way we use your information on the [Privacy Policy] page.

How much time does it take?

This financial product is considered relatively fast, because most processing can be performed completely online, and this online search and match service works 24/7. It takes just minutes to fill out the form and request a loan, less than an hour to process request and connect a customer with a lender. As soon as the lender is able to make final decision to approve the borrower’s application, the lender provides loan agreement. All one needs to do is to familiarize with the offer and make credit decision. If one opts for rejecting the loan offer, one can simply ignore further procedures and repeat loan request if necessary. If accepted, the loan agreement should be e-signed. Usually, it takes just one business day to have money sent to the borrower’s account (in case direct deposit option is available). In most cases, borrowers can get their money in as soon as one business day.

Can a bad credit applicant be approved?

Some lenders in our network need to perform credit verifications with traditional credit bureaus, the others may just check if an applicant is not a bankrupt or has no outstanding debts with other lenders. In many cases bad credit or lack of credit will not impede applicants from being approved, because short-term loans are secured by the borrower’s income. Nevertheless, low credit score and insufficient credit information may influence the amount and terms of loan offers, provided by lenders.

Why does one need to contact lender directly?

cashloan.me works as a matching service, which enables users to access reputable lenders and get better loan options. We don’t have information regarding particular loan products or their terms. Nor do we make any credit decision. If the borrowers who used our service have issues regarding their loan contracts, they should contact their lenders directly.

Why does one need to renew a loan?

Sometimes borrowers find it hard to repay their loans on time due to unforeseeable circumstances. In these cases, most lenders allow borrowers to renew their loans for additional interest added to the total. This option can be expensive, so we recommend contacting lenders before these circumstances take place to avoid additional payments and penalties. In addition, not all the states allow renewals. One should first check the status of short-term loans and applicable laws, which regulate short-term lending in one’s state. Use the information on [Rates and Fees] page to find out more.

What happens when one can’t pay off on time or at all?

The cases of defaulted payment terms are explained in every loan agreement together with applicable penalties, additional fees, collection practices and other actions associated with delinquency. One should check these terms before signing agreement in the first place. All the lenders in our network adhere to the best practices in the industry, follow federal and state laws and promote responsible lending practices. All the lenders in our network operate within the stated limits. We encourage borrowers who anticipate delinquency or default payments contact corresponding lender as soon as possible.

How many loans can one take at a time?

The number of credit products taken simultaneously as well as the “cooling time” terms are determined by the laws of each state (if applicable). Additionally, every lender reserves the right to determine the maximum of simultaneous and/or consequent credit agreements within the limits of applicable laws. It’s recommended to inform a lender about current credit standing and the facts of defaulted loans before any agreement is signed.

Disclaimer and APR Representative

Disclaimer

Short-term loans are emergency credit products of relatively small amounts designed for short-term financial issues only and can become an expensive product if used for long-term purposes.

The owner and operator of %siteName% 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 short-term loan products and the industry is presented on the website for information purposes only. %SiteName% does not endorse any particular lender, nor does it represent or is responsible for the actions or inactions of the lenders. %SiteName% 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. Short-term loans are not available in all the states. Not all the lenders in the network can provide the loans up to $1,000. %SiteName% 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 short-term 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 verifications, 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 Representative

APR (Annual Percentage Rate) is the loan rate calculated for the annual term. Since %siteName% is not a lender and has no information regarding the terms and other details of short-term loan products offered by lenders individually, %siteName% 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 %siteName%, and %siteName% 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 short-term 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.

Non-payment Implications

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.

E-Consent

Consent for Electronic Signatures, Records, Disclosures, Communication
It is important that you read and understand the information herein prior to submitting any information on the website or starting do business electronically.
By giving your consent on the terms stated on the website and submitting your information via our online form, you agree that you have read this notice and understand how you can conduct transactions, communicate electronically and use the service on the website, request to be matched with a lender and further cooperate with loan providers online. Once you are matched with a lender, you will need to give your consent (e-consent) to use e-signatures, accept electronic recording, disclosures and e-communication in order to be provided with the services and products you have expressed your interest in.

Hard Copies
You can request disclosures and other legal notices to be printed for the records at no charge. This request should be sent directly to the concerning lender (entities can keep hard copy legal documents according to the terms and provisions of the applicable law).

The Scopes of Consent
All communications, including but not limited to online interactions via mobile phone, smart phone, tablets are considered electronic interaction. E-consent is applied when e-communication, including by the means stated above, takes place between you and a third party lender. The admission of e-consent implies that your information may be collected and processed electronically, transactions may be performed electronically, and documents may be signed and stored electronically. Additionally, your lender may send you electronic notifications, such as reports, disclosures, links to the other third party websites, links to the other lender’s websites and online services.
Giving you e-consent you confirm that the e-communication mentioned above is considered of the same legal value as the communication by means of hard copy documentation.
NB: Conducting business electronically implies that the parties involved are capable of going through processing with sufficient hardware and software facilities. Before deciding to give your e-consent you should check if your facilities fit the requirements for the transactions and operations you will need to perform electronically. These are the basic software and hardware requirements:
Software and hardware: A PC or MAC compatible computer or other device capable of accessing the Internet, e-mail account, Internet Browser software program that supports at least 128 bit encryption, such as Microsoft® Internet Explorer, Netscape® or Mozilla Firefox®, PDF file reader like Adobe® Acrobat Reader X ® or Foxit® etc. Take into consideration that different transactions may require additional facilities. You may need to contact you lender to get specifications on the facilities you may need.

Withdrawing Consent
Since your e-consent from our matching service and the processing of your information by our lenders is a one-time transaction, you cannot withdraw it. From the moment you are already matched with a third-party lender you can withdraw your consent from this lender at any time at no charge by sending the respective request. You should keep in mind that withdrawing your e-consent you can prevent the lender from providing you with a loan offer or credit product. You should also keep in mind that the legal effectiveness, validity, and enforce-ability of prior electronic disclosures will not be affected in case you request to withdraw your e-consent. You can contact your lender directly to find out more about the details of these procedures. It’s encouraged that if you change your information (electronic address, mailing address) you should notify your lender as soon as possible to have your information updated.

Terms and Conditions of Use

Effective date: 05/27/19
These Terms and Conditions of Use are the formal agreement between cashloan.me (hereinafter we, our, ours, us, Company) and a user (hereinafter User, Users, You, Your, Yours) of the Website (hereinafter Website, Site), who continues to exploit the Website and attempts to use the services presented by the Company. The Terms and Conditions of Use regulate the relationship between the stated parties in point of the use of this Website.
The Company is not a lender, nor does it represent any financial organization/entity, originate financial products and services or make credit decisions. The Company operates as a search and match service, as it contracts with a network of independent third party lenders and financial organizations that can provide credit products. Thus, the Company can connect the Users of the Website with the lenders from its network. In order to get access the services provided by the Company the User of the Website needs to complete the online registration form.

We encourage all the Users of the Website to read these Terms and Conditions of Use, as further exploitation of the Website, the use of the services on the Website and submission of personal information attempting request imply that You have read and understood these terms and other documents regulating the use of the Website, including but not limited to the [Privacy Policy].
The use of the Website is available only for the residents on the USA of legal age. By continuous use of the Website You confirm that You are at least 18 years old and reside in the US. The services provided on the Website are not available for the residents of some states, including, but not limited to Arkansas, New York, West Virginia and Vermont due to specific regulations regarding short-term lending in these locations. The list of states is subject to changes. Please, check the status of Your state on [Rates and Fees[ page using the links to authority Websites, which contain the recent and up to date information regarding short-term lending in the USA.
If You do not accept these Terms and Conditions of Use, please, cease using the Website by exiting its pages.

Company Services
As mentioned above the Company is not a lender and does not make credit decisions, rather connects its Users with independent third party lenders, who can provide the Users with short-term loans of up to $1,000 (the amount of available loans depend on the regulations in each state). Since the Company has nothing to do with the credit decisions third party lenders make, the decision to approve Your request, as well as the amount and terms of the offered loan products are exclusively made by loan providers and depend in each individual case on many factors. The Company cannot guarantee that Your attempt to be matched with a lender will result in the approval of Your request, or that You will be offered the desired amount on the desired terms. Not all the lenders in our network can provide loans of up to $1,000.
We encourage every User of the Website who has doubts about any particular loan offer or short-term lending in general to seek professional consult and support, as this form or lending is a relatively expensive form of credit and remains effective only if used for short terms and reasonably. Keep in mind, that the Company has nothing to do with the terms of any particular loan offer or credit product,
thus, takes no responsibilities for the decisions third parties make and cannot provide information regarding any particular credit operation.
Your continuous use of the Website implies that You accept these Terms and Conditions of Use and other governing documents of the Website and acknowledge that the Company takes no responsibility for financial or non-financial damages or costs associated with Your communication or cooperation with any third party lender we can match You with.
In order to use the services provided on the Website You need to register via online form by submitting Your personal, contact, employment and financial information, including but not limited to Your sensitive information such as SS number and banking account details. This information is used to perform search and match service and connect You with one or more third party lenders the Company contracts with who can approve Your request and provide You with a loan product according to the information You state in the online form. These procedures require sharing of Your information with third party lenders. We collect, store, share and use the information You submit according to the provisions stated in the Privacy Policy, Responsible Lending Policies and Marketing Practices on this Website. When You submit Your information You expressly confirm that You have read and understood and willingly agree to the provisions of the mentioned policies and practices, as well as these Terms and Conditions of Use. Your information submission on the Website is considered as a request to match You with one of the third party lenders we contract with. Thus, the third party lenders we share Your information with are authorized to contact You via email, telephone, direct mail and other media in order to provide You with financial product offers You expressed Your interest in. We also can share some of Your personal information (excluding SS number and banking details) with third party marketers we contract with, as well as Your lender may share this information with third party marketers for the purpose of offering more financial products You may have interest in.
Your SS number and other personal information can be used by third party lenders we contract and share Your information with in order to perform credit verification to determine Your credibility and make decisions on providing You with financial products and services You expressed Your interest in.
The Company cannot guarantee that You will be approved of or provided with the products matching Your requirements and/or provide any information on particular credit products and services presented by third party lenders we contract with. For any information regarding financial products and services or any particular transaction You should contact Your provider directly.
Authorized Use and Proprietary Rights
The Website can be used only according to these Terms and Conditions of Use and other terms that regulate the operation of the service. The content on the Website is protected by the copyright. Any unlawful representation, use or reproduction of the content is strictly prohibited. Violation can lead to legal actions. The use of the content on the Website for commercial purposes is unlawful. Company retains the impartible ownership rights for the content on the Website (including but not limited to digital records, videos, pictures, texts, logos, trademarks and other assets), which is protected by the copyright and regulated by the Intellectual Property laws in the United States. The Users of the Website are not granted the ownership of anything present on the Website. Any reproduction, duplication, resale, copying or other exploitation of the content, arrangement, organization, and design is considered illegal, and hence such actions are strictly prohibited.

Disclaimer of Warranties
THIS SITE AND THE SERVICES OFFERED BY THE COMPANY ARE AVAILABLE “AS IS” AND ON THE BASIS OF STATED AVAILABILITY. THEY ARE ACCESSED AND USED AT YOUR OWN RISK AFTER UNDERSTANDING THE TERMS OF USE. THIS COMPANY MAKES NO WARRANTIES OR GUARANTEES WHATSOEVER WITH THE SERVICE OR ANY PRODUCT, AND THEY ARE SUBJECT TO CHANGE WITHOUT ANY PRIOR NOTIFICATION. THE COMPANY DOES NOT GUARANTEE THAT ITS PRODUCTS WILL MEET YOUR REQUIREMENTS AT ANY GIVEN POINT IN TIME OR THAT THE SERVICES OFFERED BY THE COMPANY WILL BE UNINTERRUPTED, SECURE OR ERROR-FREE. THE SOFTWARE AND OTHER TECHNOLOGIES USED BY THE COMPANY MAY COME WITH ERRORS THAT WILL BE CORRECTED BY THE COMPANY WHEN POSSIBLE. THE COMPANY DOES NOT GUARANTEE THAT ANY THIRD-PARTY SOFTWARE, WEBSITES AND TOOLS WILL BE SECURE OR ERROR-FREE. AS A RESULT, THE COMPANY WILL NOT ACCEPT ANY LIABILITY ARISING OUT OF SUCH ERRORS OR PROBLEMS. THIS COMPANY HAS NOT REVIEWED OR VERIFIED THE LINKS OF THIRD PARTY LENDERS AND OTHER THIRD PARTIES PRESENT ON THE SITE. IT IS UP TO YOU TO VISIT THESE THIRD PARTY LINKS AND ACCEPT THE PRODUCT OR SERVICES OFFERED BY THEM. BY VISITING SUCH LINKS, YOU ARE AT YOUR OWN RISK AND THE COMPANY IS NOT LIABLE FOR ANY LOSSES ACCRUED TO YOU THROUGH SUCH ACTIONS.

Limitation of Liability
THE COMPANY IS NOT RESPONSIBLE FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL OR ANY OTHER FORM OF LOSS OR DAMAGE THAT YOU MAY BE SUBJECT TO DUE TO THE USE OF THE SITE AND THE SERVICES PROVIDED BY THIRD PARTY SERVICE PROVIDERS WHO HAVE CLAIMED THEMSELVES AS LENDERS AND CAN BE MATCHED WITH UPON REQUEST. THE TOTAL LIABILITY OF THE COMPANY IN THE CASE OF ANY LOSS OR DAMAGE CAUSED TO YOU BY THE USE OF THE WEBSITE IS LIMITED TO THE EXTENT OF MONEY YOU HAVE PAID TO ACCESS OR USE THIS SITE.
SOME JURISDICTIONS DO NOT RECOGNIZE OR ALLOW THE EXCLUSION OF CERTAIN SPECIFIC WARRANTIES SUCH AS INCIDENTAL OR CONSEQUENTIAL DAMAGES, AND IN SUCH CASES, THE COMPANY WILL ADJUST OUR LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW.
Implication of Privacy Policy in Marketing Activity
When You submit Your information on the Website, You expressly agree that the Company can share and use Your information for marketing purposes according to the provisions stated in the Privacy Policy of this Website. The information You provide can be shared with third party lenders and marketers the Company contracts with. If You want Your information to be excluded from our database, You can contact us directly and make respective request. In case You need Your information to be excluded from any third party database or list, You should contact this party individually.

Third Part Websites
The Website may contain links to third party websites and information regarding the services of these third parties. The Company in no way takes responsibility for the content of the third party websites and the accuracy of the information they provide, nor does the Company represents or endorses any of third party website it connects its Users with. The User of the Website accepts all the risks concerning their access to third party websites through the website and in no way claims the Company liable for the consequences associated with the use of third party websites they link via the Website.

Disputes
The disputes that arise directly from the use of the Site or any service presented on the Site are subject to the provisions of the state legislation originated in the state, which licenses or authorizes the service or business activity of the service or the Company. All such disputes should be legally incorporated in the form of official complaint sent for arbitration to the corresponding association or institution authorized to resolve such cases in accordance with state and federal rules and regulations that are in force at the time of dispute submission. All disputed that arise between the User and the Company are can be processed and resolved only through arbitration in consideration with the terms set herein. By agreeing to these Terms and Conditions of Use, You confirm that You expressly reject Your right to represent Yourself individually or through legal counsel in front of any judge or court, and You waive Your right to join class action suits against the Company.
The maximum compensatory damages, assigned by the arbitrator, authorized by the American Arbitration Council to monitor the dispute mentioned above, cannot exceed the maximum of the damages claimed by the complainant (the User). Additionally, no punitive, incidental and consequential damages can be awarded by the arbitrator on the dispute as You waive Your right on claiming responsibility for these damages as well. The results of the arbitration are binding for the User, however, the Company may choose to file an action to any court within the jurisdiction to handle such cases in lieu with this alternate dispute method.
If You reject to these arbitration clauses, then You should send a letter in writing to the Company within ten days (10) after accepting these Terms and Conditions of Use. You must send the request to: %siteName%. The letter should clearly have Your first and last name, telephone number, address and email address along with the statement “I reject the arbitration clause of the Company stated on its Website on its Terms Conditions of Use page.” In case You reject this provision, You are obliged to bring up a legal case to any court authorized to handle this case within one (1) year after the damage was determined. After the stated term the claim will be deemed void.

Export Restriction
The residents of these countries have no access to the services and products of the Website due to embargo conditions: Syria, Iran, North Korea, Cuba, Iraq, Libya, Sudan and any other country that US has embargoed goods and services. Additionally, the service and products of the Website are not available for the following category or Users: the ones who belong to United States Treasury Department’s list of Specially Designated Individuals or US Commerce Department’s Table of Denial Orders.
Your continuous use of the Website and its services and Your registration on the Website with consent to these Terms and Conditions of Use is deemed as Your warrant to belong to any of the categories mentioned in this clause.
Indemnification
Your continuous use of the Website and the services of the Company is deemed as Your indemnification to the Company, its parent Company, subsidiaries, affiliates and each of its individual members, directors, employees, agents, bankers, co-partners as harmless and confirm no claims or liabilities may be brought by You due to: i) Your improper or unreasonable use of the Website, ii) Your breach of these Terms and Conditions of Use or iii) any dispute between You and any third party. The provisions of this clause may be asserted in case of the respective dispute or claim brought by You.

Complete Agreement
The provisions of these Terms and Conditions of Use collectively compile the complete agreement between the User of the Website and the owning Company and should be accepted as determining the entire understanding of the regulations governing the relations between the mentioned parties. The agreement supersedes any and all related prior information or notices. In case of discrimination or violation of any provision, the complete agreement and other provisions remain in force.

Modifications and Updates
The Company reserves its right to make changes, amend and update these Terms and Conditions of Use without prior notice. All the updates and changes come into force immediately after published on the Website unless the effective date is scheduled for the future term. As soon as the information is updated, the effective date is changed to the date of the most recent update. We encourage all the Users of the Website to check the effective date of this and other legal documents on the Website regularly. We reserve the right to notify the Users of the Website on the modifications using email or other media according to the provisions of Privacy Policy.

Severability and Termination
In case any of the provisions in this document are determined as unlawful or out of date, or in any way contradict any related regulations which prevail these terms, such provisions will be severed, but the remaining terms and the Terms and Conditions of Use as a complete agreement will continue to be in force. In case any of the provisions of this agreement are failed to enforce by the Company, this failure is not constituted as a waiver of the other provisions of the document, nor does it rescind the rights of the Company.
The Company reserves its right at its sole discretion to terminate or deny of Your access to the Site in case of Your violation of any of the terms and regulations stated on the Site or applicable laws and regulations concerning the use of the Site. You may terminate the agreement at any time by ceasing the use of the Site, nonetheless upon termination the applicable provisions will survive.

Headings
The headings present in these Terms and Conditions of Use are for understanding purposes only and will not alter or rescind the meaning of the provisions contained in this document.

Contact Information
In case You have a request, complaint or enquiry regarding the services provided by the Website, You can contact us via this email [email protected] (or our address X STREETNAME, CITYNAME, ZIP, STATE). In case You consider Your issue treated improperly, You can also contact the corresponding organizations in Your state of residence authorized to review or resolve the cases of the kind.
BY USING THE WEBSITE, YOU AGREE TO ABIDE BY THE ABOVE TERMS OF USE
WE RECOMMEND TO PRINT THE TERMS OF USE AND RETAIN THE COPY OF THE AGREEMENT FOR YOUR RECORDS

Responsible Lending Policy

We are not a loan providing service, nor do we represent or endorse any lender. But we are working hard to provide you with access to reliable lenders and match you with the lenders who can offer you loan products according to the information you submit in our online form.
We put maximum efforts to ensure that all the lenders in our network are legitimate loan providers adhering to federal, state and local laws, fair and responsible lending practices and the best practices in the industry.
We understand that short-term loan industry can be puzzling, as it is regulated in many states heavily and differently. For this reason, we provide you with the necessary information and educational material on the industry to answer your questions regarding short-term loans in the USA. In this section we’ll provide the basic information regarding the major laws and acts that secure and protect consumers from unfair practices. We encourage you go through this information and read the basics on [How It Works], [FAQ] and [Rates and Fees] pages to understand your credit options better and make only smart and reasonable credit decisions.
Fair Debt Collection Practices Act
We strictly insist that our lenders follow the guidelines put in place by the Fair Debt Collection Practices Act. We are not a lender, so we will never make any attempt to collect a debt from you. However, our lenders have the right to use all lawful means available to them to collect your debt if your loan is unpaid. They must follow the guidelines of the Fair Debt Collection Practices Act when doing so. These are some of major actions deemed as violations:
•Using any harmful, oppressive, foul or harassing language or tactics in order to collect debt;
•Attempting to contact debtors before 9 a.m. or after 8 p.m. in their local time zones;
•Using deception, falsifying information or misrepresenting a company in order to collect a debt;
•Threaten criminal charges or any legal action when such legal action is not warranted.
Any lender within our network found to be in violation of these guidelines will be immediately removed from our network and reported to law enforcement.
Fair Lending Act
The purpose of the Fair Lending Act is to ensure that all consumers have equal access to credit despite their age, race, creed, gender, religion or other non-financial factor. The Act ensures that consumers are not discriminated against and that they have access to the loan and other forms of consumer credit as long as these consumers can meet the legal and financial guidelines associated with obtaining such credit. If you feel that you are a victim of discrimination, please contact the Equal Opportunity and Fair Lending Office of your local Consumer Financial Protection Bureau.
Truth in Lending Act
The Truth in Lending Act was established to ensure that consumers have all of the information about an offer of credit available to them in writing before they take any responsibility and e-sign any contract or decide to extend any credit. Lenders are required to disclose information about the rates, fees, interest and terms associated with loans before they provide any credit to any consumer. Each state has its individual regulations regarding short term lending, and lenders are required to ensure that all offers are in accordance with these regulations.
State Regulations
Many states have implemented their own regulations for the short term lending industry in an effort to protect consumers. Some of the things individual states regulate include the maximum loan amounts, fees and interest, the number of rollovers that are available and more. The general information about the regulations in specific states can be found in our [Rates and Fees] section of this website. You can find the links to the governmental websites with detailed explanation on short term loan regulations and up-to-date rate limits in different states.

Marketing Practices

While submitting your information during the registration on the website you agree with these Marketing Practices, the [Terms and Conditions of Use] and [Privacy Policy] on the website. You agree with the provisions of these documents and acknowledge that your registration is deemed as a request to get matched with one of third party lenders in our network. You also give you consent to receive marketing materials from cashloan.me, the lenders and financial service providers, as well as third party marketers cashloan.me partners with. Agreeing to these Marketing Practices, you confirm that you understand that any and all of the mentioned parties may attempt to provide you with the information about the other services and products related to the products you have expressed your interest in. You also consent that they can communicate with you for marketing purposes and provide assistance using different types of media, including but not limited to direct mail, email, and/or telephone, regardless of any Do-Not-Contact lists you may be on (communication is possible only with the contact data voluntarily provided by you). If you refuse to receive marketing products and/or be involved into any stated form of interaction, you may request removal from the lists via opt-out feature. Unsubscribing from the lists of the third parties must be processed by these third parties directly. cashloan.me takes no responsibilities for stopping interaction with other sources not subjected to our control. In case you have questions or queries regarding the Marketing Practices, you can contact us via [email protected]

Rates and Fees

Rates and Fees
Cashloan.me 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 short-term loan products and the offers, provided by the lenders matched with the users of the website. However, %siteName% 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.

Short-term loans should be used as a temporary financial instrument and can become very expensive in case this financial product is used for additional terms. 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] (link https://www.ftc.gov/) and the [Consumer Financial Protection Bureau] (link http://www.consumerfinance.gov/), two government agencies responsible for creating and enforcing the laws and acts that govern short-term 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] (http://www.paydayloaninfo.org/state-information) and [this resource] (http://www.ncsl.org/research/financial-services-and-commerce/payday-lending-state-statutes.aspx) 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 short-term cash 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 short-term lending.

 

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