Lending Goals

At debtcashadvance.org, our priority is to protect you from unfair lending practices. To ensure this, we implement the following actions:

• Comprehensive Information: We provide detailed insights into the loan industry, your responsibilities as a borrower, and the consequences of missed or late payments, helping you make informed choices.


• Clear Communication: We present this information in a straightforward and easily understandable way.


• Respectful Service: We treat every customer with respect and maintain transparency throughout the process.


• Quality Support: We are committed to delivering high-quality service and assistance.


• Fair Lending Practices: We ensure our lending partners adhere to fair lending standards.

Lending Partners

debtcashadvance.org partners only with lenders who are legally authorized and compliant with applicable regulations. We work exclusively with reputable lenders to ensure you receive reliable and high-quality services.

Once connected with a lender, you should review their specific terms and conditions, including interest rates, repayment schedules, and policies for late or missed payments. For any questions, contact your lender directly.

Impact on Credit Score

Your credit score reflects your creditworthiness and is influenced by several factors, including:

• • Late payments
• • Missed payments
• • Loan rollovers
• • Multiple credit inquiries

While a lower credit score doesn't necessarily disqualify you from getting a loan, all loans are subject to credit approval.

Late Payments

We urge you to manage your loans responsibly and pay on time. Late payments may result in additional fees. Each lender has its own late payment policy, so carefully review your loan agreement. If you foresee a payment delay, contact your lender immediately to discuss possible solutions.

Remember, personal loans are designed for short-term needs and should not be used for significant financial challenges.

Missing Payments

To avoid negative impacts on your credit score and potential collection actions, make every effort to repay your loan on time. Missing a payment may lead to fees and damage to your credit. Each lender's missed payment policy will vary, so review your agreement closely. If you're unable to make a payment, contact your lender promptly to discuss your options.

Rollovers

Some lenders may offer the option to roll over your loan if you cannot make a timely repayment. Be aware that rollovers typically incur fees and do not reduce the principal balance. Interest continues to accrue at the same rate as the original missed payment.

Renewal Policies

Lenders in our network have varying renewal policies, often falling into the following categories:

• Unlimited Renewals: Allow multiple renewals but can be costly and risky.


• Automatic and Borrower-Initiated Renewals: Permit limited renewals, typically with more defined terms.

Collection Practices

If you miss a payment and fail to communicate with your lender, they may initiate collection actions. Typically, you will be notified via phone, mail, or email before any further steps are taken. If you continue not to respond, the matter may be referred to a collection agency.

The collection policies will be outlined in your loan agreement. We advise you to review this agreement carefully and contact your lender if you have questions about their collection procedures.