The loans provided by the participating lenders in our network are short term loans,
which are designed to provide cash to you to be repaid within a short amount of
time. These types of loans are not a solution if you are facing long term debt and
credit difficulties, and should not be used on a long-term basis. You should only
borrow an amount that can be repaid on your next pay period date.
Representative APR Range -
24-7 Cash Advance Loans is not a lender and does not provide short-term loans but
refers consumers to lenders who may provide such loans. 24-7 Cash Advance Loans is
unable to supply you with an exact APR (Annual Percentage Rate) that you will be
charged if you are approved for a loan. APRs vary according to the information supplied
by you in your loan request and your lender. You will be given the APR, loan fees,
and other terms by your lender when you are redirected to your loan agreement in
the loan request process. We are not the lender and do not have access
to the full terms of your loan.
The Annual Percentage Rate is the rate at which your loan accrues interest. It is
based upon the amount of your loan, cost of the loan, term of the loan, repayment
amounts and timing of payments and payoff. APR. By law, the lender must show you
the APR before you enter into the loan. Many states have laws limiting the APR that
the lender can charge you. APRs vary from 390% to 1960%. Loans from a state which
has no limiting laws, or loans from a bank not governed by state laws may have an
even higher APR.
Implications of Non-Payment and other Considerations -
Each lender has its own criteria and policy when it comes to late payments. This
may include additional fees and interest and may result in reports to the three
major credit reporting bureaus causing your credit score to be lowered. Before you
agree to a loan be sure you read and understand the implications of making late
payments. Also, each state has rules and regulations in place that payday lenders
must follow when assessing fees for late payments.
Implications of Non-Payment, Late Payment or Partial Payment -
When you accept the terms and conditions for a loan offer, you are agreeing to pay
back the loan principal and finance charges in the amount of time shown in the documents
supplied by your lender. Additional fees or charges by your lender may apply in
the event that you are unable to repay your loan in full or if you make a late payment.
24-7 Cash Advance Loans cannot predict the amount of the fees or charges that you
will incur as a result of non-payment, late payment, or partial payment. 24-7 Cash Advance Loans
has no control of knowledge of the loan details between you and your
Fees and Interest - If approved for a loan, your lender will present you with the exact fees and interest
rate of your loan prior to your acceptance of the loan. 24-7 Cash Advance Loans is
not a lender and cannot predict the exact fees and interest of the loan option presented
to you. You are under no obligation to accept the terms presented to you by the
Credit Implications -
24-7 Cash Advance Loans does not make credit decisions nor does
conduct a credit inquiry on consumers. Some lenders on the
network may conduct a non-traditional credit check in order to determine your eligibility
for a loan. Lenders typically do not conduct a credit inquiry with the three major
credit bureaus: Transunion, Experian, or Equifax. Ultimately, your credit score
may or may not be affected by the actions of a particular lender. If you do not
repay your loan on time your lender may report this delinquency to one or more credit
bureaus, which could have a negative impact on your credit score.
Renewal Policy -
Loan renewal policies are largely governed by state regulatory legislation. The
loan renewal options will be presented to you by your lender prior to your acceptance
of the loan. Please make sure to diligently read the renewal policy presented to
you prior to signing the loan documents. Cash Advance loans are intended to be a
short term financial instrument. 24-7 Cash Advance Loans encourages all consumers
to repay the loan on time and in full in order to avoid late payment and/or non-payment
Collection Practices -
24-7 Cash Advance Loans is not a lender and 24-7 Cash Advance Loans does not engage
in debt collection practices. Your lenders’ collection practices will be disclosed
to you in the loan documents. If you are unsure of the collection practices used
by a specific lender we recommend that you discuss this issue with your lender directly.
24-7 Cash Advance Loans makes reasonable efforts to only work with established, reputable
lenders who pursue collections of past due accounts with fair conduct.