Please review your loan agreement carefully for information about the financial implications of non-payment before you provide your electronic signature. Non-payment may involve debt collection practices as it is set by applicable law.
The majority of the lenders in our network do not intend to sell your debt to outside collection agencies. Instead, they will attempt to collect the debt in-house via telephone, email, postal mail or even text message. 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 online payday loans memphis tn 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.
The requirements that a prospective borrower must meet to be able to request a personal loan are simple and few in number. They include online payday loans memphis tn following: Be at least 18 years old Be a U. citizen or permanent resident Earn a steady monthly income of at least 1,000 after taxes Have a checking account in your name Be able to provide work and home phone numbers, as well as a valid email address. Please note that meeting these requirements does not mean that you will be connected with a lender.
After you submit your loan request, we search our network for lenders for available loan options. Convenient Loan Disbursement and Repayment. If your request for a personal loan has been approved, your lender will ask that you review and sign the agreement so that your loan can be processed.
In most cases, your funds can be deposited directly into your bank account via electronic fund transfer in as little as 1 business day.
Loan repayment is just as easy, as your lender, once the due date rolls around, can simply withdraw money electronically from the same account into which they originally deposited your funds.
This service is not available in all states. If you request a loan in a particular state where such loans are prohibited, or in a location where WhiteRockLoans. com does not have an available lender, you will not be connected to a lender. In some cases, you may be given the option of obtaining a loan from a tribal lender.
Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lenders rates and fees may online payday loans memphis tn higher than state-licensed lenders.