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Responsible Lending Practices

We do not endorse or represent any lender, nor do we provide loans ourselves. However, the lenders in our network may be able to help you if their loan products meet your needs.

All of the lenders in our network are legitimate and follow local, state, and federal laws as well as industry best practices. We also vet all of the lenders in our network to make sure they follow fair lending practices.

We know the ins and outs of short-term loans in each state, so you don’t have to feel confused. We provide educational materials and other helpful information frequently asked questions about short-term loans within the U.S.

After reading this section, you will know the main laws in the U.S. that stop lenders from using unfair practices against consumers who take out short-term loans. It’s crucial that you read this information before making any kind of credit decision so you can be sure you’re acting reasonably and with all the facts at hand.

Fair Debt Collection Practices Act

All of our contracted lenders are required to follow the Fair Debt Collection Practices Act. We do not offer a lending service and will, therefore, never try to collect your debt ourselves. However, if you have an unpaid loan with one of our lenders, they reserve the right to use lawful means of collection. Some examples of collection practices that violate the Fair Debt Collection Practices Act are:

  • Using violent or oppressive language when communicating with debtors
  • Making frequent, unnecessary phone calls to debtors
  • Calling debtors too early or too late in the day;
  • Committing fraud, using coercion, or lying about a company in order to collect a debt;
  • Over-threatening with criminal charges or any other moot legal action.

We will remove any lenders from our network immediately if they violate these guidelines and report them to law enforcement.

Fair Lending Act

The Fair Lending Act protects consumers from being discriminated against when they apply for loans or other types of credit. This means that all consumers have an equal chance to get the money they need, as long as they meet the financial and legal requirements associated with taking out a loan. The Act makes sure that everyone has access to credit, regardless of non-financial factors like age, gender, race, religion, or creed. If you believe that discrimination has occurred, reach out to your local Consumer Financial Protection Bureau’s Equal Opportunity and Fair Lending Office.

Truth in Lending Act

The Truth in Lending Act (TILA) was designed to ensure that consumers have all the required information about a credit offer available to them electronically or in writing before taking on any responsibility related to the loan contract. This means that lenders must disclose rates, interest, terms, and fees associated with a loan offer to the consumer before they can extend any form of credit. According to TILA Regulations set by each state’s government, every short-term lender is different and as such offers may vary. Lenders must make sure that their entire business practices are compliant with each regulation set forth by TILA.

State Regulations

To protect consumers, a vast number of states have implemented their own laws and regulations surrounding the short-term loan industry. For example, some areas where regulation might differ from state to state include fees and interest rates, the maximum amount that can be borrowed at one time, whether rollovers are available, etc. If you want to learn more about the rules set in place by particular states, check out our Rates and Fees page . On this page we will give you links to government websites with explanations of how rate limits and other regulations vary from state to state when it comes to short term loans.