Although we are not lenders, ZipAdvance.co (hereinafter referred to as “Website”) is committed to Responsible Lending by making sure we only work with and invite the most reputable lenders in the industry in our network. Submitting your short-term loan request form on Website is absolutely free. Website conducts thorough compliance audits of the lenders in our network to ensure they are in compliance with all applicable lending laws and does not hesitate to cease conducting business with any company who isn't. We encourage consumers to research the rules and regulations regarding short-term loans, specifically the Truth in Lending Act, which requires lenders to fully disclose all loan fees and interest rates that borrowers may incur.
Loan terms will vary by different Lenders, such as the loan amount, the APR for the loan, costs of the loan, and the repayment plan. Lenders are required by law to present to you the terms of the loan, the rates and all costs associated with the loan prior to your execution of the loan documents. It is important that you thoroughly review the rate and fee information provided to you by your lender prior to agreeing to the terms of any loan. You are under no obligation at any time to accept these loan terms if you determine they are unsuitable. It is important to remember that the loan interest rates, fees, and loan terms are determined solely by your lender. Because Website is not a lender, we have no control or knowledge of the loan details between you and your lender.
Website supports all provisions of the Fair Lending Act, which require Lenders to afford to consumers fair, equitable, and nondiscriminatory access to credit. Further, The Dodd-Frank Wall Street Reform Act proscribes that all 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. We encourage you to reach out directly to your lender with further questions.
Website supports all provisions of the Fair Debt Collection Practices Act enforced by the Federal Trade Commission. Because Website is not a lender, does not broker loans, and does not make credit decisions, our company does not engage in debt collection from consumers. However, Website strives to always and only work with lenders that are in compliance with any and all applicable debt collection laws, including but not limited to: (i) Not contacting consumers by phone any time before 8 a.m. or after 9 p.m.; (ii) Not contacting consumers by phone with the intent to annoy, harass, or use abusive language.; (iii) Not collecting debt through deception or misrepresentation; and (iv) Not threatening legal recourse when no legal action is permitted.
When you are connected with a third party lender on Website, the lender will provide you with documents that contain all rate and fee information regarding the short-term loan being offered to you. It is important that you thoroughly review the rate and fee information provided to you by your lender prior to agreeing to the terms of any loan. You are under no obligation at any time to accept these loan terms if you determine they are unsuitable. If you wish to proceed with the loan process after deciding that the loan terms provided by the lender in the loan contract are acceptable, then you may electronically sign the lender's acceptance page and simply wait for your funds. It is important to remember that the loan interest rates, fees, and loan terms are determined solely by your lender. Because Website is not a lender, we have no control or knowledge of the loan details between you and your lender.
Short term lenders may have different policies regarding late payments. Please ensure that you thoroughly review the late payment policy detailed in the loan documents and loan contract your lender provides before electronically signing and thereby agreeing to the loan terms. It is important to note that all lenders must abide by applicable federal and state laws and regulations regarding late payment fees. You are encouraged to research and review the applicable laws regarding short-term loans and late payments in the state which you reside.
In the event that you are unable to repay your short-term loan, your lender may impose additional fees or charges. Website uses commercially reasonable efforts to only work with a network of reputable lenders who are committed to using fair and reasonable debt collection practices. All lenders must abide by applicable federal and state laws and regulations regarding collections of past due accounts. We encourage consumers to not accept any loans that they cannot repay.
Lenders may have different terms and policies regarding loan renewal options and it is important for you to thoroughly read your lender's loan renewal terms before signing and accepting any loan. Where rollovers or repayment extensions are granted, interest rates, along with any late fees and additional charges that may be imposed, can substantially increase the dollar amount to the end cost of your loan. You are encouraged to review and understand your lender's terms regarding loan renewal options before signing the loan contract.