Disclaimer and APR Representative
Short-term or payday loans are personal credit lines intended for use in emergencies and as a short-term solution only. If used otherwise, short-term loans can accrue interest and become expensive to the borrower. Since PaydayLoanRadar.com is not a lender, it cannot make any credit decisions or credit approvals or denials regarding loan offers. PaydayLoanRadar.com is solely designed to match users with lenders and third parties who may provide services of use to the user. PaydayLoanRadar.com does not charge fees to users and does not require any user to contact any lender or third party or accept any product or service offered by a lender. All data presented on the website is for informational purposes only.
PaydayLoanRadar.com does not represent or endorse any lender and is not responsible for any action or inaction of any lender. Information regarding fees associated with loan products and/or contacting lenders is not affiliated in any way with PaydayLoanRadar.com. The website does not collect, store, or have access to this information.
Not all lenders in our network can provide short-term loans up to $1,000. Short-term loans are not available in all states. PaydayLoanRadar.com does not guarantee that any user will be matched with a lender or will be approved for any loan product. If a user is matched with a lender, PaydayLoanRadar.com does not guarantee that the user will qualify for a short-term loan for the terms they requested. To assess credit reliability of the user and determine the scope of loans to offer, lenders may perform credit checks with one or more credit bureaus and may verify information such as driver’s license number, social security number, and national identification. Loan terms are determined independently by each lender and depend on factors such as the applicant’s credit standing and state of residence.
Annual Percentage Rate (APR) is an interest rate of a loan calculated for a full year. PaydayLoanRadar.com does not have access to loan terms or any other information specific to individual lenders. Therefore, PaydayLoanRadar.com cannot provide information regarding specific APR charges for any loan product. APRs vary widely depending on many factors, including the lender, the state in which the applicant resides, and the credit standing of the applicant. The APR is calculated as an annual charge. It is not a financial charge for a short-term loan product.
Lenders may apply additional charges or actions such as late payment fees, origination fees, non-payment penalties, and/or actions such as debt collection and delinquent payment reporting. PaydayLoanRadar.com is not affiliated with any actions taken by lenders, whether financial or not and therefore does not have access to any information regarding any actions taken by lenders. Please see your loan agreement for additional information.
Please contact your lender if you anticipate that your payment may be late. Late payment fees may be applied. Late payment fees and procedures may vary and are determined by state and federal regulations.
For details on the costs and procedures regarding late payments, see your loan agreement. Your loan agreement discloses all information regarding late payments and should read and understand your agreement before you sign any loan documents.
Missed Payments or Non-Payment
If you miss a payment or do not pay, penalties may apply. Please see your loan agreement for information regarding fees and charges that may be applied for missed payment or non-payment. Additional actions such as loan renewals may be suggested by your consent. Renewal terms are disclosed in your loan agreement. Renewal fees may apply.
Debt collections may be performed as applicable by state and federal laws. All debt collection procedures follow the Fair Debt Collection Practices Act, which protects citizens from unfair practices in lending and borrowing. Most lenders attempt to collect debts themselves and do not defer to collection agencies. However, lenders may report delinquencies to consumer reporting agencies or credit bureaus. Instances of late payment and delinquency may be recorded in a credit report for any length of time and may negatively impact a borrower’s credit standing and credit score.