Lending Practices for Lenders

One of the goals of PaydayLoans.com is to always provide people with fully up-to-date information regarding online cash loans. We are interested in helping people obtain needed funds safely and securely, and we understand that a large part of doing that is ensuring that prospective loan borrowers are well acquainted with the state and federal lending laws which the members of our network of lenders operate in full accordance with.

Fair Lending

PaydayLoans.com is committed to its customers through each step of the online loan process. So as to protect consumers from cash lending practices that are unfair, all of the lenders with whom we are affiliated adhere to the regulatory provisions of the Consumer Financial Protection Bureau (CFPB). Our network lenders’ lending policies also adhere to the guidelines expressed in the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act.

PaydayLoans.com also requires every member of its lender network to openly share information on fees, interest rates, rollover changes and any other relevant loan details before customers sign any loan-related paperwork. These practices are mandated by the federal Truth in Lending Act and outlined by the CFPB. It is recommended that consumers who are utilizing PaydayLoans.com to obtain a quick online cash loan file a formal complaint with the CFPB in the event that they have any issues regarding a particular lender.

State Lending Laws

Many states around the nation have specific policies in place with regard to minimum/maximum loan amounts and loan repayment. The lenders whom PaydayLoans.com is affiliated with have all pledged to follow applicable state lending regulations in addition to the federal regulations that this document outlines.

Collection of Debt

PaydayLoans.com’s affiliate lenders are required to follow established fair debt collection practices when they are collecting loan repayments from borrowers. The Federal Trade Commission’s Fair Debt Collections Act stipulates clearly that lenders are not allowed to do any of the following things:

  • Attempt to collect debt through deception or misrepresentation
  • Contact borrowers via telephone with the intent to annoy or harass them, or use abusive language over the phone to threaten or belittle them
  • Contact people via telephone before 8 a.m. or after 9 p.m.
  • Threaten legal action when this type of action is not permitted

If any of PaydayLoans.com’s network lenders violates the Fair Debt Collections Act, we will quickly report that individual’s actions to the FTC and remove them right away from our network.

Delinquent Payments

Although PaydayLoans.com connects prospective loan borrowers to its nationwide network of lenders, each of those lenders has their own particular policy when it comes to late payments. These policies generally vary state by state. Before you sign a lender’s loan agreement, be sure to read their late payment policy. Depending on the state, your lender may be able to offer you helpful rollover and renewal options to extend your loan repayment period. It is important for you to understand that using a renewal plan is something that should only be done as a last resort, as there are usually quite significant costs involved that will add to your loan amount.

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Legal Disclaimer: With your use of this website you agree to PaydayLoans.com's Terms of Use, Privacy Policy, and E-Consent. A payday loan is a small, unsecured and short-term loan that's intended for use specifically as a form of short-term financial relief, and it's not meant to be a long-term financial solution. Consumers that find themselves presently struggling with debt and credit difficulties should seek out debt and credit advisory assistance. PaydayLoans.com is not a lender and nothing on this website constitutes an offer or solicitation to lend. Additionally, we do not work as a representative, broker or agent of any payday lender. PaydayLoans.com informs consumers of lenders who may meet the consumer's requested needs, and PaydayLoans.com never charges any fee for this service. Residents of certain states may not be eligible for a payday loan as eligibility is based upon lender requirements. Users are under no obligation to request any loan product or use PaydayLoans.com's service. It is standard for lenders of payday loans to perform credit checks with credit bureaus or for lenders to obtain consumer reports through alternative providers. In submitting your information, you are fully agreeing to be contacted by lenders or agents of those lenders.

Availability: Residents of some states may not be eligible for a short term cash loan based upon lender requirements. Our company does not guarantee that completing an inquiry form will result in you being connected with a service provider or lender, being offered a loan product with satisfactory rates or terms, nor receiving a loan from a service provider or lender. This offer and service provided by PaydayLoans.com is void where prohibited.