Installment loans vary from company to company and state to state, however the rate and fee structure is much the same. These may vary from state to state as the laws of each state will have a different impact on loans in that state, but the general rate structure is the same.
Website.com and its affiliates use much the same rate and fee structure as the rest for its installment loans. This structure is shown below and any differences that may apply per state are also listed. There are some states that do not have restrictions on installment loans and there are also some states that prohibit or do not allow any installment loans at the level that a website uses.
These restrictions are also listed below as well as any other facts that may alter an installment loan from a particular state. It should be understood that website.com is not the actual lender and not a lending service. The sole purpose of website.com is to make potential clients that need an installment loan with lenders that match them. These matches are based upon various criteria and are made almost instantly.
Once the match has been made and the loan process has begun, the rates and fees that apply begin. Once an installment loan has been agreed upon by both the lender and the client, there is no way to alter the agreement without the express agreement of both parties. If a client needs to make changes or cancel an installment loan, they may attempt to contact the lender directly; however it is not likely that a lender will alter an agreement that has been electronically signed by both parties.
It is for these purposes that all the pertinent information is provided several times and in several forms before the agreement is signed. Federal and state law backs up electronic signatures with the same laws that govern any other signature loan or installment loan. A client that chooses to violate these laws will be subject to punishment by law.
There is not only full disclosure of all the rates and fees; there are also several opportunities for the client to contact either website.com or the lender. These opportunities can be used to clarify any information that is confusing to the client. There is never a reason to legally agree and sign a contract that is not fully understood.
Each and every client is encouraged at this time to consult their state and local government and verify that the information that is contained within website.com and within the contracts that they are electronically signing. There is no rush to sign anything and due to the fact that these loans take place very quickly, there is no reason to not verify that the contracts are legally binding.
Anyone and every client are also advised to speak with legal counsel if they wish. An attorney will often look over a contract without charge. This is not something that happens every time, but many lawyers will do so. Verifying that the contracts are as stated is always a good idea. There may be some other websites and companies that attempt to rush a client into signing the contract to more quickly get an installment loan. Website.com is confident that the installment loan can and will wait the short amount of time that it takes to make sure that all parties are comfortable.
Installment loans are meant to be a one-time fix to a situation that a client may find themselves in. If more than three installment loans are needed within a 90 day period, we encourage the client to contact a financial adviser. Website.com will not deny a client based upon the frequency of installment loans, this is simply meant to protect a client that may have found themselves stuck in a financial loop.