LOOK: Payday Cash Advance is committed to promoting responsible lending practices and financial transparency. We work exclusively with lenders who adhere to the following principles:
1. Clear and Transparent Loan Terms
- All lenders within our network must disclose full loan terms before a borrower accepts an offer.
- Loan agreements should clearly outline repayment terms, interest rates, fees, and potential penalties.
2. Compliance with U.S. Lending Regulations All lenders we work with must comply with:
- Truth in Lending Act (TILA): Ensuring borrowers receive accurate cost disclosures.
- Fair Lending Laws: Preventing discriminatory lending practices.
- State-Specific Payday Loan Regulations: Adhering to legal caps on interest rates and loan terms where applicable.
3. Borrower Education and Financial Awareness
- We encourage borrowers to carefully review loan terms and assess their repayment capacity before accepting any loan offers.
- Users should avoid predatory lending schemes and seek independent financial advice where necessary.
4. Debt Collection Practices
- Lenders within our network must comply with the Fair Debt Collection Practices Act (FDCPA) and refrain from engaging in unlawful collection activities, including harassment, threats, or misleading statements.
- Borrowers retain the right to dispute inaccurate debt information and request verification.
LOOK: Payday Cash Advance does not control or enforce lender-specific policies but aims to work with reputable financial institutions that align with responsible lending principles.