A personal loan is a medium term loan with a fixed interest rate that is
repaid in equal monthly payments and it's usually limited to 24 months. Loan
offers and eligibility depend on your individual credit profile. Our lenders
can help you obtain as much as $100,000 depending on the lender, your state and
your financial situation.
The owner and operator of yourbankingchoice.com is not a
lender and is not involved into making credit decisions associated with lending
or making loan offers. Instead, the website is designed only for a matching
service, which enables the users contact with the lenders and third parties.
The website does not charge any fees for its service, nor does it oblige any
user to initiate contact with any of the lenders or third parties or accept any
loan product or service offered by the lenders. All the data concerning
personal loan products and the industry is presented on the website for information
purposes only. %SiteName% does not endorse any
particular lender, nor does it represent or is responsible for the actions or
inactions of the lenders. %SiteName% does not collect,
store or has access to the information regarding the fees and charges
associated with the contacting lenders and/or any loan products. Online
personal loans are not available in all the states. Not all the lenders in the
network can provide the loans up to $3,000. %SiteName%
cannot guarantee that the user of the website will be approved by any lender or
for any loan product, will be matched with a lender, or if matched, will
receive a personal loan offer on the terms requested in the online form. The
lenders may need to perform credit check via one or more credit bureaus,
including but not limited to major credit bureaus in order to determine credit
reliability and the scopes of credit products to offer. The lenders in the
network may need to perform additional verifications, including but not limited
to social security number, driver license number, national ID or other identification
documents. The terms and scopes of loan products vary from lender to lender and
can depend on numerous factors, including but not limited to the state of
residence and credit standing of the applicant, as well as the terms determined
by each lender individually.
APR (Annual Percentage Rate) is the loan rate calculated for the annual
term. Since yourbankingchoice.com is not a lender and has no
information regarding the terms and other details of personal loan products offered
by lenders individually, yourbankingchoice.com cannot provide
the exact APR charged for any loan product offered by the lenders. The APRs
greatly vary from lender to lender, state to state and depend on numerous
factors, including but not limited to the credit standing of an applicant.
Additional charges associated with the loan offer, including but not limited to
origination fees, late payment, non-payment charges and penalties, as well as
non-financial actions, such as late payment reporting and debt collection
actions, may be applied by the lenders. These financial and non-financial
actions have nothing to do with yourbankingchoice.com, and yourbankingchoice.com has no information regaining whatsoever actions
may be taken by the lenders. All the financial and non-financial charges and
actions are to be disclosed in any particular loan agreement in a clear and
transparent manner. The APR is calculated as the annual charge and is not a
financial charge for a personal loan product.
It is highly recommended to contact the lender if late payment is
expected or considered possible. In this case, late payment fees and charges
may be implied. Federal and state regulations are determined for the cases of
late payment and may vary from case to case. All the details concerning the procedures
and costs associated with late payment are disclosed in loan agreement and
should be reviewed prior to signing any related document.
Financial and non-financial penalties may be implied in cases of
non-payment or missed payment. Fees and other financial charges for late
payment are to be disclosed in loan agreement. Additional actions related to
non-payment, such as renewals, may be implied upon given consent. The terms of
renewal are to be disclosed in each loan agreement individually. Additional
charges and fees associated with renewal may be applied.
Debt collection practices and other related procedures may be performed.
All the actions related to these practices are adjusted to Fair Debt Collection
Practices Act regulations and other applicable federal and state laws in order
to protect consumers from unfair lending and negative borrowing experience. The
majority of lenders do not refer to outside collection agencies and attempt to
collect the debt via in-house means.
Non-payment and late payment may have negative impact on the borrowers’
credit standing and downgrade their credit scores, as the lenders may report
delinquency to credit bureaus, including but not limited to Equifax,
Transunion, and Experian. In this case the results of non-payment and late
payment may be recorded and remain in credit reports for the determined amount
of time.
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