Submitting a loan request at cashnsmile.com is completely free of charge. Cashnsmile.com is not a lender and does not provide lending services. Based on the customer’s data specified in the loan request form, cashnsmile.com scans its vast network of lenders to pair the customer with the lender and loan offer that is best suitable for the customer’s needs.
It is specified in The Truth in Lending Act that a complete disclosure of loan rates of interest and fees should be determined by the lender at the loan approval process. Upon the loan being approved by the lender, the customer is pointed to e-signature page by that lender.
After the loan being approved by the lender, the customer is presented with loan documents that include information on all rates of interest and fees valid for proposed loan offer. Before agreeing to the loan terms, it is recommended that the customer reads and understands information on rates of interest and fees supplied by the lender. The customer is under no obligation to accept these terms. The customer is urged to sign the loan agreement only when absolutely certain that all the loan terms as specified by the lender in the loan contract are agreeable to him.
It’s only the lender that can provide all rates of interest and fees together with precise amounts applicable to the customer’s loan. Cashnsmile.com has no knowledge or control of the loan details, since these are exclusively between the customer and the lender. The customer is not obligated to sustain his loan request in case the loan terms specified by the lender are not acceptable to him.
Non-Payment, Late-Payment and Renewal Policy
Late-Payment policies differ from one lender to another. Before agreeing to and signing the loan terms, it’s recommended that the customer reads and understands late-payment policy stated in the loan agreement. Also, each and every lender must abide by state laws, rules and regulations with regard to late-payments.
In the event the customer is unable to repay the loan, additional fees and charges may be applied. Cashnsmile.com sees to it to cooperate solely with reputable and legitimate lenders who are fair in their debt collection practices.
To a significant extent, loan renewal policies are governed by state legislation. It is recommended that the customer reads and understands loan renewal policy specified in the loan terms provided by the lender before signing the loan contract. Here’s where the customer can learn about payday loan laws and regulations in his state.
State Regulated Rates of Interest and Fees
The customers are encouraged to acquaintance themselves with applicable state laws and regulations as to payday loan rates of interest and fees here.