Personal Loans $1,000-$5,000*
In just a few clicks get a loan for any reason - regardless of credit type
APR Rates starting at 4.73% up to 35.99%.
*Additional funds up to $25,000 may be available dependent upon credit.
Policy on Responsible Lending:
Bad-credit-personal-loans.com participating lenders are required by law to abide by both State and Federal laws and regulations in making loans to consumers. We have summarized some of these laws for you, but if you have any questions you should consult your own legal authorities.
Truth in Lending Act.
The Truth in Lending Act requires every lender to present, in writing, the exact rates, fees, rollover charges, late fees and other details of their loan before a consumer assumes any obligation to initiate the loan process. The lenders terms cannot exceed applicable laws, rules, and regulations many of which are governed by the State where the consumer resides.
Frank-Dodd Wall Street Reform Act.
The Dodd-Frank Wall Street Reform Act requires all lenders to engage in "fair lending", which is defined as "fair, equitable, and nondiscriminatory access to credit for consumers." Dodd-Frank Wall Street Reform Act also empowered the Consumer Financial Protection Bureau with the enforcement of fair lending regulations.
Fair Debt Collection Practices Act.
While you are repaying your loan, you are protected by the Fair Debt Collections Act, which is enforced by the Federal Trade Commission. All lenders are required to abide by this law. The act requires that lenders comply with fair debt collection practices, which include:
- Not contacting you by phone before 8 am or after 9 pm.
- Not harassing you or using abusive language towards you over the phone.
- Not using deception to try to collect money from you.
- Not threatening you with legal action if it is not permitted.
In addition to the Federal Laws summarized above, all lenders are also required to abide by state and local laws regarding interest rates, loan terms, rollover limits, limits on times between loans, fee limits, and more. Consumers should educate themselves about loan product they desire and the laws, rules, and regulations applicable to the loan they are seeking.