Terms of Use

All information provided throughout LoanUp.com is secured between the user and the website itself. The purpose of LoanUp.com is to provide the latest information on cash loan services for each specific user. When you proceed to use this website, you have indicated that you agree with the following:

  • You have read and fully understood all of the terms and conditions that go with each particular offer.
  • You understand all of the drawbacks and repercussions if terms are violated when applying for a cash loan from any lender.
  • You agree to give lenders all the information they need to adequately match you to the right type of loan.

As owners of LoanUp.com, we reserve the right to change any terms of use without notice. Once the changes are made, they instantly become active.

Who Is Eligible?

All of the services and products available on this site are open to people 18 years of age or older. They also much be able to stick to a legally binding contract.

The Acceptance Policy

Every applicant is subject to a review process before being accepted or not. All final decisions are made by the individual lender company if the applicant fits their criteria.

Services And Products

Much like a dating website, LoanUp.com instead plays matchmaker for individuals looking for bad credit loan. While other services are also offered by the companies, customers mainly use the website to find the right fit for them to get a loan. Once you are linked to a partner site, the process is entirely between you and that particular business.

Compliance

At LoanUp.com, people must meet the proper requirements before receiving quotes from different companies regarding bad credit loan. We hold the right to investigate and report any violations, suspicious activity or other possible terms of use violation. At the same time, LoanUp.com is not accountable for any person who is found guilty of doing something wrong once you are paired with an instant cash company.

The Details On Intellectual Property

All of the names, text, graphics, trademarks, titles, designs, software, images, video or anything else found on LoanUp.com is protected under intellectual property laws. This also goes for all of the third party partners used by LoanUp.com. Individuals can copy and use the information for their own, but none of the information should be used for other commercial purposes (unless the user wishes to contact LoanUp.com for special permission).

Disclaimer

LoanUp.com is NOT a cash loan lender. The company provides a unique matching service for lenders and borrowers to meet. Due to this setup, there is no guarantee for either party. All of the specifics will be handled in a private matter between the borrower and the lending company the person decides to go with.

3rd Party Content

At LoanUp.com, users will see a lot of third party content in the forms of links, quotes and more. All of this content is solely the responsibility of that particular company. While LoanUp.com attempts to always provide users with the best lender options, the website has no control over the content that is provided on each individual website.

Use of Tracking Technologies

Our websites and mobile sites use cookies to enhance and personalize your online experience and to enable our websites or mobile sites to recognize you as a previous visitor. A cookie is a small amount of data, which often includes an anonymous unique identifier that is sent to your browser from a website’s computer and stored on your computer’s hard drive. You can adjust the settings on your browser to erase or block such technologies from your computer if you want to, but if you do so, you will not be able to use or access the our Web Services.

Each website can send its own cookie to your browser if your browser’s preferences allow it, but (to protect your privacy) your browser only permits a website to access the cookies it has already sent to you, not the cookies sent to you by other sites. Many sites do this whenever a user visits their website in order to track online traffic flows. Cookies record information about your online preferences and may be tied to your personally identifiable information such as your email address for these purposes. Users have the opportunity to set their computers to accept all cookies, to notify them when a cookie is issued, or not to receive cookies at any time. Each browser is different, so check the “Help” menu of your browser to learn how to change your cookie preferences.

As is true of most websites, we gather certain information automatically and store it in log files. This information includes internet protocol (IP) addresses, browser type, internet service provider (ISP), referring/exit pages, operating system, date/time stamp, and clickstream data.

We use this information, which does not identify individual users, to analyze trends, to administer the site, to track users’ movements around the site and to gather demographic information about our user base as a whole. We do not link this automatically-collected data to personally identifiable information.

Our websites and mobile sites also allow its partners and advertisers that are presenting advertisements on the our Web Services to set their cookies, or apply web beacons or similar technologies, to your computer. We have no access or control of these third party tracking technologies. This information may be used to:

  1. provide security within shopping baskets or transactions;
  2. authenticate your Screen Name before you can access your Personal Information or Web Services Account for added security;
  3. personalize features of the our Web Services;
  4. enable you to participate in certain online activities, such as making sure that each person only votes in an online poll once;
  5. help measure and research the effectiveness of the our Web Services, including collecting statistics on your response to advertisements, e-mail and other communications you receive;
  6. remember the preferences and registration data that you give us.

Our websites, mobile sites, and our associated third parties may also use ad network providers to help present advertisements on our Web Services and other websites. These ad network providers may use cookies, or web beacons or similar technologies on your computer to tailor content, advertisements to your preferences, help target, measure and track your visits and the effectiveness of advertisements and promotions, using data gathered over time and across their networks of Web pages to determine or predict the characteristics and preferences of their audience and to provide security within shopping baskets or transactions. The use of cookies, web beacons, or similar technologies is subject to their own privacy policies, not this one. If you wish to not have this information used for the purpose of serving you targeted ads, you may opt-out by clicking here: http://preferences.truste.com/. Please note this does not opt you out of being served advertising. You will continue to receive generic ads.

Country And State Laws

Cash loan limits and restrictions vary by state. That is why it is important for users to provide accurate information when attempting to receive a quote. LoanUp.com only uses lenders that abide by state laws. Additional limits and restrictions can also be found for other countries, including Canada.

Miscellaneous

Once a person agrees to use the services provided for free on LoanUp.com, they must abide by these terms of use. Those who go against the terms of service are subject to not finding a proper cash loan lender, or get completely turned down by the numerous lenders. These terms currently are being used as the agreement between LoanUp.com, the user and the lending company that is ultimately used.

Implications of Late Payment

If your short term loan is not paid on time, there are several courses of action that can be taken by our lenders. You can find out your particular lender's practices by visiting its website. You should read this information carefully before you electronically sign any loan agreement.

Implications of Non-Payment

When loans go unpaid, this can influence you in several different ways. You should always be sure to negotiate payment arrangements with your lender if you are unable to repay your loan as stated in the original agreement in order to avoid or reduce the following:

Financial Implications - While the fees for short term loans of up to $500 already amount to 15-40% for $100 borrowed, unpaid loans can have even higher charges. Also, the interest charged on loans of more than $500 can be higher. Additional charges for non-sufficient funds can be $20 or more and loans that are more than 15 days past due can be assessed additional charges of up to 10%.

Collections Practices - Our lenders reserve the right to contact you via telephone, text message and email in an attempt to collect the money they are owed. Generally, they will not sell your debt to collection agencies or sue you for the unpaid balance; they will instead offer debt settlement options. All lenders must adhere to the guidelines of the FDCPA, or Fair Debt Collection Practices Act, that was put into effect by the FTC. Additional information can be found at http://www.ftc.gov/os/statutes/fdcpa/fdcpact.shtm or through the lender directly.

Impact on Credit Score - Failure to repay short term loans can have a negative impact on your credit rating if your lender reports to any of the major consumer credit bureaus. This will remain reflected in your credit history until the amount of the loan is repaid in full. This may also hinder your ability to take out short term loans in the future.

Renewal Policy - Some lenders will require you to agree to automatic loan renewals if you cannot pay your loan on the initially scheduled date. This is in addition to other options you may have, including paying your loan in full or making arrangements to pay down the principle balance over time. Please review your documentation carefully for automatic loan renewal information. You should also understand that additional interest and finance fees will be charged if your loan is automatically renewed.

Disclosure of Fees Including the APR

The Annual Percentage Rate, or APR, associated with short term loans is usually between 260% and 1825%. Though this seems high, it is actually quite competitive. These percentages depict what you would pay over the course of an entire year. Since these loans are made to be paid back quickly, they are highly competitive and less expensive than bounced checks and overdraft fees.

APR Comparison Table

14 Days
How does the APR for a single payment small dollar loan compare to other options? Compare your options for the cost of $100 extension of credit for
Product Type (single repayment) Charge APR
NSF + Bounced Check $45.00 1,173.21%
Overdraft Fee $30.00 782.14%
Late Fee $20.00 521.43%
Small Dollar Loan $10.00 260.71%
2 Days
How does the APR of a small dollar loan compare to the consequences of being unable to obtain a small dollar loan? Consider the cost of a $100 extension of credit for
Product Type (single repayment) Charge APR
NSF + Bounced Check $45.00 8,212.50%
Overdraft Fee $30.00 5,475.00%
Late Fee $20.00 3,650.00%

APR Calculations

$100.00 Amount Financed, $120.00 Repaid 2 days after the borrowing

Interest earned on last day but not the first, so 2 days earning: Per Diem uncompounded Interest = 3,650.00% per 365 day year = APR

$100.00 Amount Financed, $130.00 Repaid 2 days after the borrowing

Interest earned on last day but not the first, so 2 days earning: Per Diem uncompounded Interest = 5,475.00% per 365 day year = APR

$100.00 Amount Financed, $145.00 Repaid 2 days after the borrowing

Interest earned on last day but not the first, so 2 days earning: Per Diem uncompounded Interest = 8,212.50% per 365 day year = APR

$100.00 Amount Financed, $110.00 Repaid 7 days after the borrowing

Interest earned on last day but not the first, so 7 days earning: Per Diem uncompounded Interest = 521.43% per 365 day year = APR

$100.00 Amount Financed, $110.00 Repaid 14 days after the borrowing

Interest earned on last day but not the first, so 14 days earning: Per Diem uncompounded Interest = 260.71% per 365 day year = APR

$100.00 Amount Financed, $120.00 Repaid 7 days after the borrowing

Interest earned on last day but not the first, so 7 days earning: Per Diem uncompounded Interest = 1,042.86% per 365 day year = APR

$100.00 Amount Financed, $120.00 Repaid 14 days after the borrowing

Interest earned on last day but not the first, so 14 days earning: Per Diem uncompounded Interest = 521.43% per 365 day year = APR

$100.00 Amount Financed, $130.00 Repaid 7 days after the borrowing

Interest earned on last day but not the first, so 7 days earning: Per Diem uncompounded Interest = 1,564.29% per 365 day year = APR

$100.00 Amount Financed, $130.00 Repaid 14 days after the borrowing

Interest earned on last day but not the first, so 14 days earning: Per Diem uncompounded Interest = 782.14% per 365 day year = APR

$100.00 Amount Financed, $135.00 Repaid 7 days after the borrowing

Interest earned on last day but not the first, so 7 days earning: Per Diem uncompounded Interest = 1,825.00% per 365 day year = APR

$100.00 Amount Financed, $135.00 Repaid 14 days after the borrowing

Interest earned on last day but not the first, so 14 days earning: Per Diem uncompounded Interest = 912.50% per 365 day year = APR

$100.00 Amount Financed, $145.00 Repaid 14 days after the borrowing

Interest earned on last day but not the first, so 14 days earning: Per Diem uncompounded Interest = 1,173.21% per 365 day year = APR