Full Disclosure of Terms
Upon approval, the customer is provided with the documents comprising all rates and fees information regarding the loan offer. It is highly advised that the customer thoroughly reads through the rates and fees information provided by the lender prior to accepting the loan terms. There’s no obligation on the part of the customer as to accepting these terms. The customer is free to e-sign the loan agreement only when he’s completely confident that the loan terms specified by the lender in the lender contract are acceptable.
The interest rates and loan fees are specified exclusively by the lender, with exact amounts provided based on the information given to the lender. Loansfor1000.com possesses neither knowledge nor control of the loan details between the customer and the lender. The customer is not put under an obligation to preserve his loan request when he decides the lender’s loan terms are not appropriate for him.
Late Payment Policy
The policies concerning late payments differ depending on the lender. Customers are advised to read through the policy of late payment specified in the loan agreement prior to signing and agreeing to the loan terms. Moreover, there are laws, rules and regulations in every state that govern late payments and must be followed by all lenders.
In case the customer fails to repay the loan, extra charges and fees may apply. Loansfor1000.com spares no effort to cooperate with reputable lenders only whose debt collection conduct is fair and decent.
Loan Renewal Policy
When it comes to the policies of loan renewal, they are regulated by state legislation to a great extent. The customer can find his state’s laws and regulations here. It is also advised that the customer carefully reads loan terms specified by the lender with regard to loan renewal policy prior to signing the loan agreement.
Credit Score Effect
Loansfor1000.com does not make any credit decisions and it does not perform a credit check on consumers. Some lenders in our network may perform a credit check to examine customer’s loan eligibility. Loan lenders usually do not perform a credit check with the three major credit bureaus: Experian, Transunion, or Equifax. Customer’s credit score may or may not be influenced by the activities undertaken by a particular lender. In case the customer fails to repay his loan on time the lender may report this to one or more credit bureaus, which in turn could have a negative effect on the customer’s credit score.
Debt Collection Procedures
Loansfor1000.com is not a lender and is not involved in debt collection practices. The collection practices utilized by the lender will be specified in the loan agreement. In case of any uncertainties with regard to the collection practices utilized by the lender it is advised that the customer discusses this issue with the lender direct.
A cash advance, also referred to as a payday loan or payday advance, is a small, short-term loan that is intended to cover a borrower’s expenses until the following payday. Cash advances are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. Consumers are encouraged to consult the federal, state, and local governments to learn more about the risks involved with cash advances, local laws and regulations governing cash advances, possible loan alternatives and recent developments in their state. Consumers with credit difficulties should seek credit counseling.
Residents of New York, Arizona, Georgia, Virginia & West Virginia are not eligible to apply for a cash advance on this web site.