Responsible Lending

Responsible Lending Policy

Truth in Lending Act

FasterFunds.com’s policies and practices adhere to the regulations set by Fair Lending laws, such as the Truth in Lending Act. Before a consumer assumes any obligation to initiate the loan process, consumers should demand to be presented, in writing, with the exact rates, fees, rollover charges, and other details of their loan, not to exceed applicable laws, rules, and regulations.Full Disclosure of Terms

Full Disclosure of Terms

The lender provides documents that contain all fees and rate information pertaining to the loan being offered to you by the lender. Please review the fee and rate information provided to you by your lender at this time thoroughly and completely before agreeing to the terms of the loan. You are under no obligation to accept these terms. If you decide the loan terms detailed in the lender contract are acceptable and wish to proceed with the loan process, e-sign the page and await transfer of your funds. The loan fees and interest rates are determined solely by your lender, with specific amounts determined based upon the information you submitted to the lender. FasterFunds.com has no control or knowledge of the loan details between you and your lender. You are under no obligation to continue with the loan request if you find a particular lender’s loan terms unsuitable.

Fair Lending

The Dodd-Frank Wall Street Reform Act states that all lenders, including Installment lenders, must engage in “fair lending,” which is defined as “fair, equitable, and nondiscriminatory access to credit for consumers.” Dodd-Frank also tasks the Consumer Financial Protection Bureau with the enforcement of fair lending regulations. Consumers using CashLand.online are urged to file a complaint with the agency should any problems arise with their loans.

None or Late Payment

If you accept the terms and conditions of the loan offered to you by a lender, you are agreeing to pay that loan back. Partial payment, non-payment or late payment of your loan may result in additional fees, legal collection action, or your failure to pay being reported to a consumer reporting agency.

Every lender has different terms and conditions for their loans. Most lenders are often willing to work with you if you should need some help. If you have questions or need more information, please call your lender directly. If you have any issue contacting them, please let us know.

Your Credit Score

One of the first and most important things to understand as a borrower is that being late on a payment, missing a payment or rolling over a payment will all negatively impact your credit score. Your credit score is a numerical expression of your credit worthiness based on an analysis of your credit files. A credit score is primarily based on credit report information typically sourced from credit bureaus. Failing to pay on time will negatively affect this score and make it harder for you to do things like take out a credit card or get a loan. While less than perfect credit will not necessarily prevent you from being able to receive a loan, all loans are subject to credit approval. As such, the lender that you are connected with may run a credit check with one or more credit agency. If you have had many credit checks in a given period of time, it is possible that this check may negatively affect your credit score. But, if you are able to make all of your payments on time, the process of taking out and repaying a loan may improve your credit score.

Fair Debt Collection Practices

For consumers repaying their loans, FasterFunds.com supports all provisions of the Fair Debt Collection Practices Act enforced by the Federal Trade Commission. FasterFunds.com is not an actual lender and, as a result, does not collect debts from consumers. FasterFunds.com endeavor to only work with lenders that comply with applicable debt collection laws, rules, and regulations. These include:

  • NOT contacting consumers by phone anytime before 8 a.m. or after 9 p.m.
  • NOT contacting consumers by phone with the intent to annoy, harass, or use abusive language.
  • NOT collecting debt through deception or misrepresentation.
  • NOT threatening legal recourse when no legal action is permitted.Should a lender be found to be in violation of these or any other FDCPA statutes, FasterFunds.com does not hesitate to cease conducting business with the company and report the company to the FTC.
Loan Renewal Policy

Where rollovers, or repayment term extensions, are allowed, interest rates, along with any late fees that may be assessed, can add a substantial dollar amount to the end price of your loan. Read the lender’s terms in full regarding loan renewal options before signing the loan contract. Please note that renewal policies are different for every lender, and certain lenders may not approve renewal.

State Regulations

While all lenders and FasterFunds.com follow federal regulations, individual states also have numerous laws for lending within their borders. These include strict adherence to local laws regarding interest rates, rollover limits and fees, maximum loan terms, cool-off periods between loans, presentment limits, and more. Consumers should educate themselves about loan product they desire and the laws, rules, and regulations applicable to the product.

THE INFORMATION PROVIDED ON THIS SITE SHOULD NOT BE CONSTRUED AS LEGAL ADVICE AND IS NOT A SUBSTITUTE FOR QUALIFIED LEGAL REPRESENTATION.

THE OPERATOR OF THIS WEB SITE IS NOT A LENDER , does not broker loans to lenders and does not make short term cash loans or credit decisions. It is not an agent, representative or broker of any lender and does not endorse any lender or charge you for any service or product. This Web Site does not constitute an offer or solicitation to lend. This site allows you to submit the information you provide to a lender. However, providing your information on this Web Site does not mean that a lender will be able to work with you or that you will be approved for a short term loan. Cash advances should only be used by you to solve immediate cash needs and should not be considered a long term solution. Not all lenders can provide up to $3,000. Cash transfer times may vary between lenders and may depend on your individual financial institution. For details, questions or concerns regarding your short term cash loan, please contact your lender directly. Lender services may not be available to residents of all states based on individual lender requirements. 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 approved by a service provider or lender, being offered a loan product with satisfactory rates of terms, nor receiving a loan from a service provider or lender. The lender you are approved by may not offer the best possible terms and borrowers should always compare all available options before making any decisions. Any display of APR, loan amounts, interest or other loan details are only estimations. In reality these amounts will vary by lender and by borrower. Lending decisions are based on many factors, including but not limited to credit history, employment history, and loan repayment history. Please note that some lenders may perform credit checks as part of their credit transaction approval process. By using the website or services, you represent and warrant that you are at least 18 years old, a resident of the United States (but not a resident of Arkansas, Arizona, Georgia, Oregon, Virginia, West Virginia, New York or any other state where such short term loans small dollar loans are prohibited by law).

THE OPERATOR OF THIS WEB SITE DOES NOT pull your credit or look at your creditworthiness, but responsible lenders will. By submitting your information, you are giving lenders in our network permission to verify your social security number, driver license number or other identification, and to review your creditworthiness by pulling your credit history from major credit bureaus such as Experian, Equifax and Trans Union and from alternative credit bureaus