All of our lending policies are bound by the federally mandated Truth in Lending Act (TLA). The Truth in Lending Act requires that clear guidelines must be presented to the requester in writing prior to signing any loan agreement. The contract must specify the terms of any rates, fees, fees, and other loan details. Because of our adherence to the TLA, you can rest assured knowing that there will never be any surprises choosing FastMoney.com for your loan needs.
Fair Lending Practices
Additional lending guidelines as laid out in the Dodd-Frank Wall Street Reform Act require that all lenders abide by the rules of “fair lending,” which will grant “fair, equitable, and nondiscriminatory access to credit for consumers.”
Fair Debt Collection Practices
FastMoney.com also follows all the requirements of the Fair Debt Collection Practices Act regarding repayment terms. While we are not a debt collection agency, we still require all our lenders to follow the collection limitations presented in this act, which includes, among other requirements:
● Debt collectors limit their contact by telephone to certain hours.
● Debt collectors cannot use inappropriate or threatening language.
● Debt collectors must stop contacting you if requested in writing.
● Debt collectors cannot lie or misrepresent themselves in order to collect upon a debt.
These rules, and the others laid out in the Fair Debt Collection Practices Act are all enforced by the Federal Trade Commission. Any lender found to be in violation of this act will be immediately removed from our lending network and reported to the FTC.
Many times, the requirements of an individual state will exceed the federal guidelines for lending practices. When this is the case, FastMoney.com will always abide by your state lending laws. State laws may have different requirements regarding loan terms, fees, interest rates, and more.
Loan Renewal Policy
Any renewal policies are usually governed by the individual state in which the loan is issued. Some states allow rollovers or repayment term extensions, and these will add to the total repayment amount. It’s a good idea for you to carefully read over the lender terms prior to signing the loan contract.
THE INFORMATION PROVIDED ON THIS SITE SHOULD NOT BE CONSTRUED AS LEGAL ADVICE AND IS NOT A SUBSTITUTE FOR QUALIFIED LEGAL REPRESENTATION.
Customer notice: FastMoney.com has lenders offering online personal loans ranging generally from $500 to $10,000. A personal loan can be a great option for those customers looking to borrow money for a wedding, home improvement, or family vacation. The online process is designed with customer convenience in mind. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. You will not be charged any fees to use FastMoney.com's services.
FastMoney.com aims to inform users of possible lenders who may be able to satisfy the needs of a particular consumer. Nothing on this website is an offer or a solicitation to lend. Any information you submit to this site will be provided to a lender. The operator of this website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product.
Availability: Every state has its own set of rules and regulations that govern personal loan lenders. Your loan amount, APR and repayment term will vary based on your credit worthiness, state and lender.