LENDING GOALS

Last Updated: July 15, 2020

Findaspeedyloan.com (collectively, “Findaspeedyloan.com”, “us”, “we”, or “our”) has created this Lending Policy (hereafter “Policy”) in an effort to provide you with important information regarding your rights as a consumer. The content of this Policy is not designed as, and should not be construed as, legal advice. Any inquiries you may have regarding your loan or the presented loan offers should be addressed with the Lender directly. 

Findaspeedyloan.com is not a lender or party to any loan transaction, does not broker loans to or with consumers, and does not make loans or credit decisions. We submit the information you provide us to the partners in our Network who will then determine your potential eligibility. Findaspeedyloan.com is committed to working with responsible lending partners who have policies in place to protect consumers against abusive, misleading, or fraudulent lending practices.

There is no guarantee you will be presented with any particular set of terms on your loan offer, or that the loan offer presented has been personalized or matched to your and your financial circumstances in any way. If you receive a loan offer from one of our lending partners, it is imperative that you review the Lender’s terms and conditions before proceeding. Remember, you are never under any obligation to accept the loan terms and conditions presented to you.

COMMITMENT TO FAIR AND RESPONSIBLE LENDING PRACTICES

Findaspeedyloan.com performs due diligence on each of its Lending Partners to ensure that they comply with applicable laws, rules and regulations, and that they share our commitment to Fair and Responsible Lending Practices. If you feel that a Lender in our network has behaved in a manner inconsistent with this policy, we encourage consumers to attempt to reach an amicable solution with their Lender directly. If that cannot be accomplished, then we support filing the appropriate notice with Findaspeedyloan.com, a regulatory or law enforcement body that has jurisdiction.

Findaspeedyloan.com is committed to working with those Lending Partners who abide by the following regulations:

The Equal Credit Opportunity Act (ECOA). The ECOA prohibits discrimination based on race or color, marital status, religion, nationality or national origin, gender, age, income derived from public assistance programs, and the applicant’s exercise of any right under the Consumer Credit Protection Act. 

Fair Credit Reporting Act (FCRA). The FCRA is intended to promote correctness, fairness, and confidentiality of information in Consumer Reporting Agency files by requiring the agencies to furnish correct and whole information to businesses when a consumer’s information is being evaluated for insurance, credit, or employment. Under the FCRA, consumers have the right to: (i) know the information within their credit file, (ii) be informed if information in their file has been used against them; (iii) dispute incomplete or erroneous data in their file; (iv) receive one disclosure at no cost every 12 months upon request from each nationwide credit bureau and from nationwide specialty consumer reporting agencies; (v) request a credit score from consumer reporting agencies for a fee; (vi) limit access the consumer’s file to people with a valid need for access; and (vii) limit unsolicited offers of credit and be provided with opt-out rights of such communication.

The Truth in Lending Act (TILA). The TILA is intended to promote knowledgeable use of consumer credit by requiring written disclosures regarding terms, costs, and fees of loans before a consumer takes responsibility for the loan. This act additionally provides consumers the right to withdraw from certain credit dealings involving a lien on the consumer’s dwelling, provides a means for just and timely resolution of credit billing disputes, and regulates credit card practices. The Lenders in the network are required to provide consumers with clearly written and discernable interest rates, late fees, and any other fees that may be connected with their loan before loan documents are fully executed.

The California Consumer Privacy Act (CCPA). The California Consumer Privacy Act of 2018 (CCPA) gives California consumers more control over the personal information that businesses collect about them. If you are a California resident, you may ask businesses to disclose what personal information they have about you and what they do with that information, to delete your personal information and not to sell your personal information. You also have the right to be notified, before or at the point businesses collect your personal information, of the types of personal information they are collecting and what they may do with that information. Generally, businesses cannot discriminate against you for exercising your rights under the CCPA. Businesses cannot make you waive these rights, and any contract provision that says you waive these rights is unenforceable.

The General Data Protection Regulation (GDPR). The GDPR sets out seven principles for the lawful processing of personal data. Processing includes the collection, organization, structuring, storage, alteration, consultation, use, communication, combination, restriction, erasure, or destruction of personal data. Broadly, the seven principles are :

Data controllers are responsible for complying with the principles and letter of the regulation. Data Controllers are also accountable for their processing and must demonstrate their compliance. This is set out in the new accountability principle.

The Gramm-Leach-Bliley Act (GLBA). The GLBA requires financial institutions – companies that offer consumers financial products or services like loans, financial or investment advice, or insurance – to explain their information-sharing practices to their customers and to safeguard sensitive data.

Americans with Disabilities Act (ADA). The ADA prohibits discrimination against qualified individuals by ensuring that these individuals have equivalent access to goods and services offered by private businesses.

DEBT COLLECTION PRACTICES

Findaspeedyloan.com does not engage in any kind of practice related to debt collection. Findaspeedyloan.com aims to work only with reputable lenders who adhere to fair debt collections practices and guidelines. Findaspeedyloan.com supports the provisions of the Fair Debt Collection Practices Act (FDCPA) which is enforced by the Federal Trade Commission (FTC). The FDCPA forbids collectors and collection attorneys from using misleading behaviors, harassment, and other unethical practices in an effort to collect debt. Additionally, the FDCPA stipulates specific hours of the day in which consumers may be contacted. Some lending partners in the Findaspeedyloan.com network may collect their own debts and therefore may be subject to other state lending or debt collection regulations. If a lender directly or indirectly violates a debt collection law or regulation, we suggest reporting the violation to the FTC or to the appropriate state authorities.

State Regulations

Individual states may have their own regulations for lending, including laws pertaining to interest rate limitations, rollover terms, fees, loan terms, recession periods, etc. While Findaspeedyloan.com has policies and procedures in place to ensure the lending partners within our network comply with all applicable federal and state regulations, it is necessary for each consumer to educate themselves about their loan offer prior to considering whether or not to accept the offer.