wants you to be educated to make smart financial decisions and to be protected from dishonest personal lenders and other disreputable businesses that engage in lending practices that are unlawful and unethical.
Trust and Truth
's practices and policies conform to the applicable provisions of fair lending legislation such as the Truth in Lending Act. Before you enter into a loan agreement, the lender is obligated to provide you in writing (this may be electronically) details of the exact fees, rates, charges, roll-over charges and any other applicable details. Visit the Rates and Fees section of this website to learn more what you need to consider before signing for a loan.
According to the Dodd-Frank Wall Street Reform Act, all lenders must engage only in "fair lending" practices. The Consumer Financial Protection Bureau is responsible for enforcing fair lending rules and regulations.
Fair Debt Collection Practices
has a commitment to work only with lenders that obey the Fair Debt Collection Practices Act.
is not itself a lender nor a debt collector.
requires the lenders in our network to avoid the following practices:
- Making phone calls to consumers prior to 8am or after 9pm (or as regulated by specific state law).
- Making malicious phone calls to consumers with the intent to harass, or annoy or even use abusive language.
- Using deception and misrepresentation for debt collection purposes.
- Threatening with legal action or pursuing criminal charges even though no such action is allowed.
will not do business with any lenders that intentionally and/or repeatedly breach the Fair Debt Collection Practices Act.
Current State Regulations
encourages lenders to follow all applicable federal and state regulations. This includes conforming to local law regarding interest rates, fees, maximum loan terms, roll-over limits, cooling-off periods between loans, and any other loan terms. Those lenders that are an extension of a federally recognized Indian Entities Recognized Tribe act as independent sovereign nations and may not be required to follow local law regarding rates, fees and any other loan terms, although such lenders must conform to federal lending laws including the Truth in Lending Act.