Responsible Lending Policy

Being a Responsible Lender – Our Commitment

We have a responsibility to you, our customers, to be open and honest, to treat you fairly, and to be safe and secure.

These principles affect everything we do. The way we lend money is no exception.

That’s why we are committed to being a responsible lender. This page tells you about our approach. It also outlines what we ask of you in return. If you have any queries, please don’t hesitate to ask.

This is what you can expect from us

  • Products and lending criteria designed to meet your needs
  • Competitively priced products which we promote in a balanced way showing the risks as well as the benefits
  • Clear information on the cost of your borrowing, including any fees and charges, and our terms and conditions
  • An assessment of your ability to make regular payments and repay the loan, using appropriate credit assessment techniques, before providing credit
  • Where the loan limit is solely at our discretion, we will take into account your current and previous financial activity
  • A limit on your borrowing that we believe will ensure you don’t overextend your finances
  • Your personal information treated confidentially and in accordance with applicable legislation
  • Prompt and professional handling of any queries or complaints you may have
  • Considerate treatment of payment issues and arrears

We ask that you

  • Provide accurate and complete information on your application
  • Regularly assess your borrowing and other financial commitments and, if you expect to face payment difficulty in the future, or if you are having difficulties in managing your monthly payments, contact us so we can discuss any help/assistance available
  • Understand the terms and conditions on which the money is borrowed, seeking further information and help if needed
  • Ensure you have the means to repay the loan

 

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© 2020 LoanMe, Inc. All Rights Reserved. 1900 S. State College Boulevard, Suite 300, Anaheim, CA 92806.

*Disclosures Lightning Fast Loans is a DBA of LoanMe. Loans provided by LoanMe. In Florida, Michigan, and Indiana loans are provided by CC Connect, a division of Capital Community Bank, a Utah Chartered bank located in Provo, Utah, Member FDIC. Loans not available in all states and not all applicants will qualify. Approval and terms subject to credit standards. Loans made in accordance with applicable state law and licensing requirements. See Licenses and Disclosures for details.

If, within three calendar days of funding your loan, you repay us the full amount disbursed to you, your loan will be deemed paid in full, without any interest or having to repay the loan fee, if any.  Payment in full of the amount disbursed to you (i.e., the amount you directly receive) must be received no later than 11:59 p.m. PST on the third calendar day after the date you receive funds in order to avoid the payment of interest and fees.  If payment is not received by that time, you will owe the full amount of the loan indicated on your Promissory Note, including the amount disbursed, the loan fee, and interest accruing from the date your loan funded.  Said another way, if the amount disbursed is paid in full within three calendar days after receipt, no interest would be charged, repayment of the loan fee would not be required, and the loan would be deemed paid in full. The loan fee, which is deducted from the loan amount before proceeds are disbursed to you, is fully earned at closing, and is not subject to refund or rebate under any circumstances, in whole or in part.

**Visa Debit Card required for instant funding.