Online Loan Application
We offer a free online application form that is easy to fill out
Fast Approval Process
Lenders from our wide network approve you in a matter of minutes
The loan is deposited into your bank account on the next business day
Responsible Lending Policy - Furnish Short Term Payday Loans
At FurnishLoans.com we strive towards protecting the rights of our customers under all circumstances. Many short term loan lenders engage in fraudulent activities and take advantage of ill-informed customers. FurnishLoans.com ensures that all the lenders in its network follow fair practices, do not engage in illegal collection methods and do not take advantage of the customers. In addition, we have provided great amount of information on this website in order to educate our customers about short term loans, when they should take them and what are its pros and cons. We have taken a number of steps in order to ensure that the rights of our customers are always protected.
Fair collection methods
All the lenders in our network adhere to the guidelines set out by the Fair Debt Collection Practices Act and do not engage in any unlawful means in order to collect the loan amount. FurnishLoans.com exists in order to connect our customers with a wide network of lenders. We are not lenders and hence we do not take any steps to recover the loan amount. Recovery of loan amount is done by the lenders themselves. The Fair Debt Collection Practices act has been designed in order to protect customers from harmful and abusive collection practices that some lenders engage in.
Under this act, the following actions taken by lenders are considered as violations:
• Threatening the customer with legal action in order to recover a loan when such an action cannot be taken. • Harassing a customer in order to collect debt. • Using misrepresentation of deceptive practices in order to recover a loan. • Contacting customer after 8PM or before 9AM
All lenders in our network adhere to these guidelines. In case a violation is reported by a customer or a lender is found to be involved in any violation, he or she would be immediately removed from our network. Such violations are subject to appropriate action, taken by the concerned authorities.
Fair Lending Act
According to the fair lending act, no customer can be denied loan on any non-financial grounds. All applicants should have equal and non-discriminator access to loans. In case you have been discriminated against by any lender, you can file a complaint at the Fair Lending and Equal Opportunity office. The lenders however reserve the right to deny a loan on financial grounds. The grounds on which a loan can be rejected can be found in the “Frequently Asked Questions” section of this website.
Truth in Lending
FurnishLoans.com and its entire network of lenders adhere to the guidelines set out by the Truth in Lending Act. According to this act, consumers should be given complete information about the terms and conditions governing their short term loan. According to the fair lending law, all this information should be provided to a customer before taking his or her electronic signature, after which the contract becomes legally binding. All our lenders would provide you with the terms and conditions that would govern your loan along with the charges, rates and interest that the loan would carry. In case a customer is not satisfied by an offer, he or she can reject the offer any time before given his or her electronic signature, after which the customer enters into a legally binding agreement with the lender.
Educating customers about short term loans
On our website we have provided a wealth of resources that educate customers about short term loans, application procedure, eligibility criterion etc. We have made sure that all such information is presented to the customer in a way that it is easy to understand. All our customers should go through all this information before they take a decision to take a short term loan. Taken an educated decision should always be preferred against taking a decision in haste.
State Regulations about Short Term Loans