We Are Not a Lender
We operate a free loan-request service and are not a lender, broker or agent of any lender, and we do not make credit decisions or fund loans.
When you submit a request, we share it with participating lenders in our network. Each lender decides independently whether to make an offer and on what terms. We do not approve or decline applications, issue loan agreements, set interest rates, collect payments or service loans. Any loan you accept is a contract between you and the lender alone.
How We Are Compensated
Participating lenders and marketing partners pay us compensation, which may be based on requests passed along, offers accepted or loans funded, and our service is free to borrowers.
As far as we control it, this compensation does not raise the APR, fees or other costs a lender charges you. Lenders set their own pricing according to their own criteria.
How Compensation May Affect Offers
Compensation may influence which lenders take part in our network, which offers you see and the order in which offers or lenders are displayed.
Our network does not include every lender or every loan product available in the market. Other lenders may offer terms that are better for your situation, so we encourage you to compare options from banks, credit unions and other sources before accepting any loan.
No Promise of Offers or Approval
We cannot promise that you will receive an offer, be approved, get a specific rate or receive funds by a particular time after submitting a request.
Whether you receive an offer depends on your credit history, income, debts, state of residence and each lender's own rules. Some visitors receive several offers, some receive one and some receive none.
APR Range and Representative Example
Lenders in our network typically offer APRs from about 6% to 35.99%, an estimate that depends on your credit, income, loan amount, term and state.
Representative example: borrowing $2,000 for 12 months at 24.99% APR gives an estimated payment of $190.08 a month and an estimated total repaid of $2,280.94, assuming no origination fee. Some lenders charge an origination fee of 0% to 10% of the loan amount, which changes the APR and total cost. Loan amounts through our network range from $500 to $5,000, with terms of about 3 to 36 months. You can review more examples on our rates and terms page.
Loan Terms Are Set by the Lender
The lender, not our service, sets the final loan amount, APR, fees, repayment term and conditions, and must disclose them to you before you sign.
Under the Truth in Lending Act, lenders must show you the APR, finance charge, amount financed and total of payments. Read the full loan agreement carefully and ask the lender about anything you do not understand.
State Availability
Loan products, amounts, rates and terms vary by state, and some lenders do not offer loans in every state or to residents of certain states.
State laws set licensing requirements and, in some cases, rate caps. Availability may change without notice.
Credit Checks
Lenders may check your credit with a soft inquiry that does not affect your score, and a hard inquiry may follow if you formally apply or accept an offer.
Lenders may also verify your identity, income and bank account using credit bureaus and other data sources. A hard inquiry may lower your credit score slightly for a period of time.
Late Payment and Non-Payment Consequences
Missing a payment may lead to late fees, returned-payment fees, negative reports to credit bureaus, collection activity and a lower credit score, depending on the lender's terms and state law.
If an account goes unpaid for a long period, the lender may send it to a collection agency or take other lawful collection action. If you expect to miss a payment, contact your lender as early as possible to ask about options such as a new due date or a hardship plan.
Renewal Policies
Renewal, extension and rollover policies vary by lender and state, so review the loan agreement or ask the lender how it handles requests to extend or renew a loan.
Some lenders do not allow renewals at all, and others allow them only under certain conditions and state rules. Extending a loan can increase the total interest and fees you pay. See how our request process works for more about each step.
