Disclosures & Policies

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Credit Check Disclosure

We do not make any loans or credit decisions. Our lenders may perform credit checks to determine your credit worthiness, credit standing and/or credit capacity. Credit checks may be performed with the 3 reporting credit bureaus: Experian, Equifax, and Trans Union. By submitting your request you agree to allow our lenders to verify your personal information and check your credit. Please be aware that missing a payment or making a late payment can negatively impact your credit score.
 

Lender Network Disclosure

InstalmentLenders.com is a free no-obligation service which connects consumers who are looking to borrow with lenders who are willing to lend to them. We are not a lender and we don’t provide any loan funds, make lending decisions or influence loan approvals. Lenders in our network each have unique lending criteria and individual terms and conditions. When a lender approves you for a loan, they will provide you with a no-obligation loan offer which you should read carefully before deciding whether to progress with the loan. You are under no obligation to accept any loan offers you are provided with. Using InstalmentLenders.com allows you to reach a network of lenders who fit your unique borrowing needs via one quick and easy search. We use our bespoke financial technology to save you time and effort searching for a lender who fits your needs, whilst filtering out companies that don’t suit your borrowing requirements or personal circumstance.
 

State Availability Disclosure

State availability of our services via our lending network is dependant of those lenders that operate or offer their financial products and services within any particular state. Certain lenders may charge their customers APR rates that exceed the limit of the state usury law, and due to this, can not legally operate within that state.

Each state has set their own Usury Laws – their purpose being to help protect you the consumer from unscrupulous lenders and excessive interest rates. Each State sets statutory limits on the amount of interest that you may be charged.

Due to the array of exceptions and legal loopholes regarding state interest rate limits, for example the type of lender or borrower, loan amount and the nature of the contract, some contractual agreements are exempt from state usury laws limiting interest rates. It’s true to say that many states have so many exceptions that it is often necessary to find a different rate for every conceivable situation.

Consumers often waive the limit via contract (in writing or with the click of a mouse), a decision made to secure the credit they require. As a result, state interest rate laws typically have no bearing on the actual rates paid by borrowers.

Not all InstalmentLenders.com lenders operate in all US states for various reasons. Residents of some US states may not be eligible for installment loans products, due to lender eligibility criteria or state legislation requirements. However within our network of lenders, depending on your state of residence, a lender has the option to decline to consider your interest in a financial product they offer or accept to consider your interest in the financial products they offer.

Our lending network policy is to connect our users with lenders that abide by their state usury laws, and that charge (including fees and interest), a minimum APR rate of 3.95% to a maximum APR rate of 35.9%, but within the legal limits that have been set by that state. If a lender accepts to consider your interest in a financial product that they offer, that lender will be responsible for ensuring that any agreement offered to you the customer, is legal within the state you reside at the time of completing any loan agreement.

If you are at all concerned regarding the interest rate that you have been quoted by a lender and wish to find additional information, it is recommended that you contact your State Office and start a dialogue regarding the specifics of their usury law and associated interest rates.

This service is not solicitation for loan products and does not constitute a loan offer for any loan products that are prohibited by state law. This service is void where prohibited.

For more information on the current State availability of our services Click Here

 

Truth in Lending Policy

All lenders in the InstalmentLenders.com network adhere strictly to the Truth in Lending Act and will provide fully transparent loan offers and contractual agreements as best practice and as required by federal law. Truth in Lending helps protect consumers against predatory and unscrupulous lending. It’s really important to read all paperwork carefully to ensure you understand repayment terms, dates, APR and any other charges associated with your loan. Remember, you are under no obligation to accept any loan offer unless you are completely happy with the terms offered.

When you receive a loan offer via our network, your lender will disclose details of all relevant loan information, including the applicable interest rates, any additional fees there may be, repayment terms, unique terms and conditions and any other key loan information. You should read and understand this information before you decide to progress with the loan offer. It’s important to us that you make informed financial decisions when you use our services. There’s no obligation or pressure to accept any loan offer you are provided with, and you can choose to decline any loan offer made to you.