Last Updated: April 4th, 2020

You understand and acknowledge that Ariel Online, Inc. (collectively, “Ariel Online, Inc.”, “us”, “we”, "PersonalLoanOffers.com" or “our”) Fair and Responsible Lending Policy (hereafter “Policy”) is intended to be read in conjunction with this Website’s Terms and Conditions and Privacy Policy. This Policy is created in an effort to provide you with important information regarding your rights as a consumer and practices that may be applicable to our Network Partners. The contents of this Policy is not designed and should not be construed as legal advice. Any inquiries you may have regarding your loan or the presented loan offers should be addressed with the lender directly.

Introduction

            PersonalLoanOffers.com is not a lender or party to any loan or other transaction, does not broker loans to lending partners, and does not make loans or credit decisions. We submit the information you provide us to the lending partners in our database who may use a soft credit check to assess your eligibility for a personal loan and may then provide loan offers. PersonalLoanOffers.com is committed to working with responsible lending partners who have policies in place to protect consumers against abusive, misleading, or fraudulent lending practices.

            You can learn more about our Network Partners assess your eligibility for a loan in our Terms and Conditions. The loan amount of any loan offer, if one is made, will vary depending on the lender, your creditworthiness, and your state’s laws. There is not guarantee you will be presented with any personalized loan offers, or that upon presentation of any personalized loan offers you will qualify for the rates, fees, or terms shown on this site. If you receive a loan offer from one of our lending partners, it is imperative that you review each lender’s terms and conditions before proceeding with an application for a loan. Please note, that at the point of application with the lending partner, you may be subject to a full credit check.

Commitment to Fair and Responsible Lending Practices

            PersonalLoanOffers.com encourages consumers who feel their lender has violated any aspect of the law or regulatory requirements to file a complaint with the Consumer Finance Bureau, or any applicable enforcing agency.

            The Equal Credit Opportunity Act (ECOA). ECOA prohibits discrimination based on race or color, marital status, religion, nationality or national origin, gender, age, income derived from public assistance programs, and the applicant’s exercise of any right under the Consumer Credit Protection Act. This Act applies to any extension of credit.

            Fair Credit Reporting Act (FCRA). FCRA is intended to promote correctness, fairness, and confidentiality of information in Consumer Reporting Agency files by requiring the agencies to furnish correct and whole information to businesses when a consumer’s information is being evaluated for insurance, credit, or employment. Under the FCRA, consumers have the right to: (i) know the information within their credit file, (ii) be informed if information in their file has been used against them; (iii) dispute incomplete or erroneous data in their file; (iv) receive one disclosure at no cost every 12 months upon request from each nationwide credit bureau and from nationwide specialty consumer reporting agencies; (v) request a credit score from consumer reporting agencies for a fee; (vi) limit access the consumer’s file to people with a valid need for access; and (vii) limit unsolicited offers of credit and be provided with opt out rights of such communication.

            The Truth in Lending Act (TILA). TILA is intended to promote knowledgeable use of consumer credit by requiring written disclosures regarding terms, costs and fees of loans before a consumer takes responsibility for the loan. This act additionally provides consumers the right to withdraw from certain credit dealings involving a lien on the consumer’s dwelling, provides a means for just and timely resolve of credit billing disputes and regulates credit card practices. Please note that this act does not mandate the charges that may be imposed for consumer credit. The lenders in PersonalLoanOffers.com’s network are required to provide consumers with clearly written and discernable interest rates, late fees, and any other fees that may be connected with their loan before loan documents are fully executed.

            Americans with Disabilities Act (ADA). The ADA prohibits discrimination against qualified individuals by ensuring that these individuals have equivalent access to goods and services offered by private businesses.

APR Disclosure

            The Annual Percentage Rate (APR) is the yearly cost of credit, represented as a percentage. The APR includes fees related to originating the loan, not just the interest payments. By law, the lender must show you the APR before you enter into a loan agreement. States have laws limiting the Apr that the lender or partner can charge you. Please read the lender’s terms and conditions before proceeding with a personal loan.

Debt Collection Practices

            PersonalLoanOffers.com is not a lender, does not fund loans, and does not engage in any kind of practice related to debt collection. Ariel Online, Inc. aims to work only with reputable lenders who adhere to fair debt collections practices and guidelines. PersonalLoanOffers.com supports the provisions of the Fair Debt Collection Practices Act (FDCPA) which is enforced by the Federal Trade Commission (FTC). The FDCPA forbids collectors and collection attorneys from using misleading behaviors, harassment, and other unethical practices in an effort to collect debt. The FDCPA additionally stipulates specific hours of the day in which consumers may be contacted. The FDCPA typically does not apply to first party creditors, however, certain states have passed laws similar to the FDCPA that may apply to first party creditors. Some lending partners in PersonalLoanOffers.com’s network may collect their own debts and therefore may be subject to state lending or debt collection regulations. If a lender directly or indirectly violates a debt collection law or regulation, we suggest reporting the violation to the FTC.

Implications of Late Payment and Non-Payment

            If you obtain a loan, it is vital that you understand implications that could result from making a payment late or from failing to make a payment. Each lending partner determines their own policy regarding fees that may be charged and/or other consequences from late or non-payments. Consequences can include added charges, negative implications to your credit history and score, collections, and more. We advise you to thoroughly review the payment policies provided in your loan documents before signing so you may understanding the policy and any potential fees or penalties associated with late or non-payments.

State Regulations

            PersonalLoanOffers.com has a due diligence process in place to help ensure that our lending partners are abiding by the applicable state and federal regulations. However, PersonalLoanOffers.com is not responsible for any actions conducted from sources outside its control. Individual states may have their own regulations for lending, including laws pertaining to interest rate limitations, rollover terms, fees, loan terms, recession periods, etc. While PersonalLoanOffers.com has policies and procedures in place to ensure the lending partners within our network comply with all federal and state regulations, it is necessary for each consumer to educate themselves about their loan offer prior to considering whether or not to accept the offer. This includes the federal and state laws, rules, and regulations that apply.

 

 

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Residents of Arizona, Arkansas, Georgia, New York, North Dakota, Oregon, West Virginia, Connecticut and Washington are not eligible to submit for financing.

The operator of this site is not a direct lender. Financing terms, conditions and policies vary by lender, state and applicant qualifications. Late or missed loan payments may be subject to increased fees and interest rates. Not all lending partners offer up to $35,000 loans, and not all applicants will be approved for their requested lending amounts, not all will qualify. Lenders may use collection services for non-payment.

Participating Lender’s Interest rates. The loan fees and interest rates are determined solely by the Participating Lender, with specific amounts determined based upon the information you submitted. we have no input on the amount of fees charged to your or the interest rate provided by the Participating Lender. Again, you are under no obligation to continue with the process if, at any time before signing the loan documents, you find the Participating Lender’s terms unacceptable. Interest rates charged by the Participating Lender are generally higher than a traditional loan for a similar amount issued by a bank or credit institution. However, bank loan requirements and terms are often much more stringent, and are not available as quickly as a payday or personal loan loan. With our Participating Lenders, you usually receive your funds within 1 business day of signing the loan documents.

Loan terms, conditions and policies vary by lender, state and applicant qualifications. Late or missed loan payments may be subject to increased fees and interest rates. Lending extensions and renewals may not be offered by all lenders. Short-term loans are meant for temporary cash needs only and are not intended as a long-term financial solution - please borrow responsibly.

Approvals are not guaranteed and are subject to the borrowing details meeting lender qualification. Repayment period terms and amount are determined by the lender - standard lending period consists of: 60 days - 72 months. We attempt to connect individuals with relevant offers subject to the borrowing profile submitted by the consumer. Please note that, while certain lenders may offer up to the advertised maximum loan amount, maximum dollar funding is atypical. Most consumers can expect to qualify for a smaller amount based on qualification.

What is the APR for financing I may get from a lender when connected on this site? This site is a lender connecting network that attempts to connect you with internet lenders for your needs. Publisher does not make credit decisions. The operator of this website does not charge an application fee. The exact APR your lender may offer you can vary. Your provider must disclose all this information prior to any obligation. It is important that you review the specific lending terms offered before you obligate yourself to the terms.

The operator of this website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. The information you submit on this site will be shared with lenders and related service providers in an attempt to find a loan that can work for you. Lender may perform a credit check. Cash transfer times may vary between lenders and may depend on your individual financial institution. In some circumstances faxing may be required. This service is not available in all states, and the states serviced by this website may change from time to time and without notice. For details, questions or concerns regarding your financing, please contact your lender directly. Cash loans are meant to provide you with personal loan to solve immediate cash needs and should not be considered a long term solution. Please borrow responsibly!