123 Cash Credit - Rates & Fees
Please remember that 123CashCredit.com is not a lender and does not provide lending services directly to consumers. Submitting your registration through 123CashCredit.com, incurs absolutely no cost. We are paid by the Participating Lenders or network of Participating Lenders to whom we referred you for each potential customer referral. Even if you turn down the loan or exit the process at any time, our service remains FREE of charge to you.
The Truth in Lending Act requires that the Participating Lender, within our network with whom you are connected must disclose all loan fees and interest rates that you will incur if you accept the terms of the loan. Thus, your lender will provide to you before you are asked to sign the loan documents, a document that provides a full disclosure of all fees and rates pertaining to the loan being offered by the Participating Lender. Please review the fee and rate information provided to you 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 with the Participating Lender has given to you are acceptable, the lender will direct you as to how to e-sign for your loan. If you decide they are not acceptable, you may exit the process at any time with no penalties or payment of any type.
The loan fees and interest rates are determined solely by your lender, with specific amounts determined based upon the information you submitted. 123CashCredit.com has no bearing on the determination of these fee amounts and interest rates. You are under no obligation to continue with the loan process if you find these terms are unsuitable.
Participating Lender's Interest rates.
The loan fees and interest rates are determined solely by the Participating Lender, with specific amounts determined based upon the information you submitted. 123CashCredit.com has no input on the amount of fees charged to your or the interest rate provided by the Participating Lender. Again, you are under no obligation to continue with the process if, at any time before signing the loan documents, you find the Participating Lender's terms unacceptable.
Interest rates charged by the Participating Lender are generally higher than a traditional loan for a similar amount issued by a bank or credit institution. However, bank loan requirements and terms are often much more stringent, and are not available as quickly as a payday or cash advance loan. With our Participating Lenders, you usually receive your cash within 1 business day of signing the loan documents. You will never be charged any fees by 123CashCredit.com.
Late Payment Policy:
Each Participating Lenders has their own policies pertaining to late payments. The Participating Lender's policy, including the additional charges you will incur, is detailed in the loan documents provided to you by your Participating Lender before you are requested to e-sign the loan. Once you have signed the Participating Lenders loan documents, you will be expected to understand and abide by the loan terms including the additional charges and/or interest if your repayment is late. If you are not able to make the payments timely, please contact your Participating Lending as soon as you are aware the loan will be late and work with them, but remember additional fees and interest may apply.
Failure to Pay / Non-Payment Policy:
Additional fees, and charges by The Lender may apply to you in the event that you do not repay your loan. Please remember that refusal or failure to pay may result in legal action against you by The Lender in an attempt to collect the loan amount, interest and costs of collections.
It's important to remember that 123CashCredit.com is not a lender and does not provide lending services directly to consumers.
Loan Renewal Policy:
Loan renewal policies are largely governed by State statute. In states where rollovers or extensions are allowed, interest rates, and late fees may be added to the original loan amount and that can result in a substantial increase to the amount you will be required to payback. Again, be sure to read the Participating Lenders loan terms in carefully and thoroughly before signing the initial loan contract.