Submitting the information, the customer permits the participating lenders to verify their data and check their credit. Late payments on loans may cause extra fees as well as collection activities, or even both. Non-payment of a loan can result in collection activities. Every direct lender has specific terms and conditions as well as renewal policy.
It's important to check the performed policies for further details as they may differ from lender to lender. The policies and practices of Personal Money Service Company comply with the regulations of Fair Lending laws, the federal Telephone Consumer Protection Act, Truth in Lending Act. The consumers covering their loans are protected by the Fair Debt Collection Practices Act enforced by the Federal Trade Commission. The cooperating lenders from Personal Money Service Network follow federal regulations and states laws for lending within their borders.
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