Fair & Responsible Lending Policy
SpeedyLoanCenter (a trading style of Instant Marketing UKAU LLC) is an online marketplace. We are not a lender, we do not make credit decisions, and we do not fund loans. However, we are committed to working with responsible network partners who adhere to federal and state laws designed to protect consumers from unfair lending practices.
The Truth in Lending Act (TILA)
Lenders are required by federal law to provide you with clearly written disclosures regarding your loan's terms, Annual Percentage Rate (APR), and all associated fees before you assume obligation for the loan.
Fair Credit Reporting Act (FCRA)
Under the FCRA, you have the right to know what information is in your credit file, be informed if that information has been used against you, and dispute any inaccurate data.
Equal Credit Opportunity Act (ECOA)
This act prohibits discrimination in lending based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.
Fair Debt Collection Practices Act (FDCPA)
Lenders must adhere to strict guidelines regarding debt collection. The FDCPA prohibits debt collectors from using abusive, deceptive, or unfair practices to collect a debt.
Implications of Late Payments & Non-Payment
If you accept a loan offer, it is vital that you understand the financial implications of making a late payment or failing to pay entirely. Every lender determines their own policy regarding late fees, rollover options, and default consequences. These consequences can include additional charges, collection agency involvement, and negative impacts on your credit score. We strongly advise you to read your lender's payment policies thoroughly before signing any loan document.