4PaydayLoan.com Policy on Responsible Lending
At 4PaydayLoan.com, every lender in our network is required by law to abide by all rules and regulations of State and Federal governments. Please review the following information to learn more about responsible lending practices.
Disclosure of Fees Including APR
All payday lenders must adhere to the Truth in Lending Act. Before you commit to any loan, your lender will provide you with information outlining the exact details of your loan terms, including fees and interest rates that will be assessed.
Frank-Dodd Wall Street Reform Act
This act requires payday lenders to follow fair lending practices, which are defined as "fair, equitable, and nondiscriminatory access to credit for consumers". If you feel that your payday lender is not following the rules set forth by this act you can file a complaint with the Consumer Financial Protection Bureau.
Commitment to Fair Debt Collections
While you are repaying your loan you are protected by the Fair Debt Collections Act, which is overseen by the Federal Trade Commission. All lenders are required to follow all of the rules of this act. The act requires that lenders comply with fair debt collection practices, which include:
- Not contacting you by phone before 8 am or after 9 pm.
- Not harassing you or using abusive language towards you over the phone.
- Not using deception to try to collect money from you.
- Not threatening you with legal action if it is not permitted.
Our goal is to include reputable lenders in our network. If your lender fails to follow the rules outlined in the Fair Debt Collection Act, please file a complaint with the Federal Trade Commission.
Federal and State Regulations
All lenders in our network are required to act in accordance with all federal laws. Each state also has their own laws that govern payday loans. Please make yourself familiar with the rules and regulations of your state.
Disclaimer: 4paydayloan.com is not a lender and does not broker loans. This website collects information which you provide and then forwards it to one more or lenders in our network. Individual lenders make the loan approval decision and determine the terms and conditions of each loan agreement.
4paydayloan.com may share the information which you provide at any step of the application process with third parties, including members of its lender network and other third party lenders with whom it has a marketing relationship.Payday lenders may perform routine credit checks and will normally verify all of the information which you supply on the application.
Submission of personal information is strictly voluntary and does not guarantee that you will be matched with a payday lender or will receive a payday loan. Not everyone will qualify for a payday loan.Not all lenders are able to provide the maximum amount of 1000$ in cash funds.
Cash transfer times vary among the different lenders and not all offer one hour transfer service.Payday loans are not available in all 50 states and the list of participating states may change at any time and without notice.
Consumer Information:These loans are short term loans and cannot be used as a long-term loan. It is highly suggested for you to seek advice from a professional advisor before using this service.