Lending Guidelines

At Getloans247, we prioritize responsible lending by thoroughly evaluating every lender in our network. Our commitment is centered on fair treatment of borrowers and strict adherence to lending regulations.

Truth in Lending Act (TILA)

All of our processes strictly follow the Truth in Lending Act (TILA) and other relevant laws governing our services. Before electronically signing any loan agreement, borrowers are strongly encouraged to review all the terms and conditions provided by the lender, including fees, late charges, and other essential loan details. If borrowers do not receive this information, they should actively request it from their lender.

Equitable Lending

We follow the Consumer Financial Protection Bureau’s (CFPB) principles of “equitable lending,” ensuring fair access to credit for individuals and communities alike. Cash advances processed through our platform must adhere to fair and ethical standards. Should borrowers experience any issues with loans obtained via our website, they can submit a complaint to the Consumer Financial Protection Bureau (CFPB).

Ethical Debt Collection

While we are not a lender and do not perform debt collection, it is vital that our lenders comply with the Fair Debt Collection Practices Act (FDCPA). This law protects consumers by ensuring debt collectors cannot abuse their authority through inappropriate methods, including refraining from harassment, deceptive tactics, or unwarranted legal threats.

Reporting Fraudulent Activity

We encourage consumers to report any suspicious or fraudulent behavior they encounter. If users discover scams, they should promptly report them to consumer protection agencies like the Better Business Bureau. Getloans247 is available to support and guide users in reporting and addressing any fraudulent activities.