POLICY ON RESPONSIBLE LENDING

Connect.Cash maintains a policy of providing consumers with licensed title loan vendors to provide the required information and knowledge necessary to make informed, responsible loan decisions.

 

FEDERAL & STATE REGULATIONS

Connect.Cash’s licensed title loan vendors promote the informed use of consumer credit by rigidly adhering to federal and state regulations requiring disclosures about interest rates, rollover limits, fees, charges and terms. Before consumers assume any obligation they will be presented, in writing, with the exact rates, fees, and other details of their car title loan as required by federal and state Law.

 

INQUIRING THROUGH OUR WEBSITE

Inquiring on this website incurs absolutely no obligation. Based on your inquiry, a Connect.Cash customer service representative will call you and transfer you to a licensed title loan vendor who will discuss your title loan needs.

 

DETERMINATION OF INTEREST RATE/FEES/CHARGES

As noted above, federal and state law requires disclosures about the terms and cost of consumer credit. All rate and fee information will be disclosed to you by the licensed title loan vendor at the location before you sign any agreement. Please review all the rate information provided to you by the licensed title loan vendor customer service representative thoroughly and completely before signing any agreement. You are under no obligation to accept the terms provided by the licensed title loan vendor.

 

FAIR DEBT COLLECTION PRACTICES

The licensed title loan vendor will undertake all collection activity in strict compliance with the provisions of the Federal Fair Debt Collection Practices Act enforced by the Consumer Financial Protection Bureau and other Federal agencies. The licensed title loan vendor follows all applicable laws, rules, and regulations. Applicable provisions of the Fair Debt Collection Practices Act prohibit the following:

 

 

  • Contacting consumers by telephone before 8 a.m. or after 9 p.m.

 

 

  • Contacting consumers by phone with the intent to annoy, harass, etc., or using abusive language at anytime.

 

 

  • Collecting debt through deception or misrepresentation.

 

 

  • Threatening legal recourse when no legal action is intended.

 

 

LATE PAYMENT POLICY

Should an unexpected emergency arise which prevents you from making your payment on time, the loan representatives at the licensed title loan vendor are trained to work with you on establishing payment arrangements in accordance with state regulations. If you fail to repay the loan pursuant to the terms of your agreement, your vehicle may be repossessed and sold. Additional charges may also apply.

 

LOAN RENEWAL POLICY / REFINANCE POLICY

For title loans you are allowed to renew/refinance your loan.

 

CREDIT

There exists a common misconception that a poor credit history may result in a higher interest rate for a title loan. With the licensed title loan vendors your credit score does not affect the interest rate, fees or charges determined for a title loan.

 

NON-PAYMENT POLICY

Your vehicle will be pledged to the licensed title loan vendor as collateral for the loan. If you fail to repay the loan pursuant to the terms of your agreement, your vehicle may be repossessed and sold. Additional charges may also apply.

Fill Out Our Form For an Instant Call Back

APR AND NON-PAYMENT POLICY

Title Loan APR Ranges From 36% to 360%

The interest rates on these products are high. You should consider whether there are other lower cost options available to you.

If you miss a payment, and/or make a late payment, your car can be repossessed. Interest and fees accrue through the date of repossession. The lender does not renew loans after a default pursuant to the terms of your agreement. The lender does not report to credit reporting agencies. Please visit our comprehensive Rates & Terms.

Our licensed vendors are committed to providing you with the competitive rates and terms. Please talk to a representative for further details.

Payday Loan APR Ranges

Loan Amount $100
Loan Fee* $15.00
Term 14 Days
APR 391.07%
Loan Amount $500
Loan Fee* $75.00
Term 14 Days
APR 391.07%
Loan Amount $100
Loan Fee* $17.50
Term 14 Days
APR 456.25%
Loan Amount $500
Loan Fee* $87.50
Term 14 Days
APR 456.25%
Loan Amount $100
Loan Fee* $20.00
Term 14 Days
APR 521.43%
Loan Amount $500
Loan Fee* $100.00
Term 14 Days
APR 521.43%

APR Rates Range from 20% to 1095%

If you do not pay your loan in full on the due date, your check may be presented for payment or, if applicable, funds may be deducted by electronic transfer from your bank account if you executed the optional electronic fund transfer authorization on your loan agreement. Renewals and extensions are governed by applicable State regulations and are not permitted in all States. In those States in which renewals or extensions are permitted, you must pay the outstanding loan fee and execute a new loan agreement in order to renew or extend. In some States, a principal reduction payment in addition to payment of any outstanding loan fee may be required. On typical payday loans, the fees you must pay to renew or extend a loan agreement are equal to the loan fees disclosed above. Read your loan agreement for exact terms and conditions.

APR Rates vary depending on the state in which the payday loan is issued. Late or missed payments may incur additional feeds and/or penalties. Please make sure that you read the terms and conditions of your payday loan agreement carefully.

Connect.cash is not a lender and does not engage in debt collection practices. Your licensed payday loan vendor will provide you with the collection practices in your payday loan documents. For full details of the collection practices, please speak with the issuing licensed payday loan vendor. It is the policy of Connect.cash to work only with licensed payday loan vendors whose debt collection practices are within the bounds of the Fair Debt Collection Practices Act by the Federal Trade Commission.

Get Social With Us