Com does not control and is not responsible for the actions or inactions of any lender. Loansolo. com does not endorse any particular lender or loan product. You are under no obligation to use the service, initiate contact, or request credit with any of the lenders. This service is not available in all states. The residents of Arkansas, New York, Vermont and West Virginia will not be able to use the service of the website. Service availability and scope are subject to change without notice.
The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend.
WhiteRockLoans. com is not a lender and does not make loan or credit decisions. WhiteRockLoans. com connects interested persons with a lender from its network of approved lenders.
WhiteRockLoans. com does not control and is not responsible for the actions or inactions of any lender, is not an agent, representative or broker of any lender, and does not endorse any lender.
Similarly, they will not threaten criminal charges or sue borrowers; they will generally offer debt settlements over time instead. Every lender in our network is required to adhere to the Fair Debt Collection Practices Act, which protects consumers from being abused or harassed by debt collectors.
Lenders are within their rights to report your failure to repay a loan to one or all of the major credit reporting agencies - Experian, Equifax and Transunion. This negative record can be reflected on your credit history indefinitely until the loan is repaid in full.
After the lenders receive payment in full, they can report it to the credit reporting agencies. We remind that late payment or non-payment of your loan can have negative impact on your credit history.
A payday loan generally refers to a short-term loan of 1,500 or less with a term of 62 days or less. Normally when you borrow money, safe for using a credit card or for your mortgage, the interest rate you are being charged is known. For example, if you were borrowing money to buy your first house at the beginning of 2015 you probably know you could get an interest rate of less than three percent. You might clearly know that your credit card provider charges a fixed annual interest rate of say nineteen percent, but payday loans are advertised a little differently.
Instead of telling you the rate first, they tell you the dollar amount of borrowing. For example, its common to see ads that will say borrow three hundred dollars for two weeks for 69. What you might not realize is that a cost of borrowing 300 for two weeks for 69 is the equivalent of a 599. 64 percent interest rate. Heres how to figure that rate out: Take the cost of borrowing which is 69, and divide that by the amount borrowed which instant cash loan in 1 hour pune 300.
This gives you the interest rate for the period of the loan.