No one likes hidden fees when they take out money loans or with anything else in life. Let’s face it, there are plenty of times we get stuck paying fees or have hidden rate increases that we aren’t aware of until it’s too late. It’s not a good feeling. It feels deceptive and sneaky, and it doesn’t feel like good business practice to hide fees, terms, or rates. PaydayMoney.com does not charge a fee for your application or your loan, because we are not a lender. We help you find a lender, but we do not provide the loan directly to you and therefore there is no cost at all for our services. No hidden fees from us for your money loan. We’re here to help.
Transparent Lending Practices
We don’t believe in hidden fees at PaydayMoney.com. There are no hidden costs. All the information you need to know regarding fees as well as the rate offered to you by your lender will be disclosed at the time your application is approved by the lender. The lender sets the terms and conditions, including rates and fee structure, and will disclose that to you at the time your application is approved. You won’t have to wonder, or feel like you are in the dark. The process is completely open with no secrets or hidden surprises down the road.
All you have to do is fill out your application, and we match you with a lender for your money loans. Once that lender is selected, you will be redirected to the lender’s website and their signature page, which will tell you everything you need to know about your loan. All the fees, rate information, and other pertinent facts will be right there in black and white. You can print the document and keep it for your reference before signing it so you can refer back to it at any time. The terms will remain the same as those in the document. They are set and maintained by the lender based upon your application information, and are unique to you and your loan. PaydayMoney.com has no control on the fees and terms chosen by your lender, as we are not an actual money loans lender.
Not only are the terms and fees disclosed up front for your consideration, you can opt out after reading the document and are obligation-free in this process. Just because you have been matched with a lender does not mean you are obligated to accept their terms. The Truth in Lending Act requires lenders to disclose all loan fees and interest rates that a borrower may face when seeking a money loan. You can make an informed decision to accept their terms and move forward with your money loan if the terms are acceptable to you.
Once you accept the terms provided by your lender, you can sign the document, send it back to the lender directly, and your money loan will be transferred into your account. Unlike a bank which has an extensive application process with a waiting period, our lenders respond to you quickly and offer all their terms and conditions up front. Plus, our lenders will not base your money loan on your credit score. Your employment history serves to secure your loan.