Lending Goals

Jade Cash Advance is committed to protecting you from unfair lending practices. To achieve this, we:

• • Provide relevant information about the loan industry, borrower responsibilities, and consequences of non-payments or missed payments, helping you make informed decisions.
• • Present this information clearly and understandably.
• • Treat every customer with respect.
• • Deliver high-quality service.
• • Ensure our lending partners adhere to Fair Lending practices.

Lending Partners

We only work with lenders who are legally authorized and adhere to laws. Check the details of your lender and their terms for interest rates, repayments, late payments, and loan renewals.

Impact on Credit Score

Your credit score reflects your creditworthiness and is based on data from major credit bureaus. Factors affecting your credit score include:

• • Late payments
• • Missed payments
• • Loan rollovers
• • Credit checks

Less-than-perfect credit may not prevent loan approval, but all loans are subject to credit approval.

Late Payments

Make payments on time to avoid additional fees. Each lender has their own policy on late payments. Review your loan agreement for details and contact your lender if you anticipate a delay.

Missing a Payment

Missing a payment can harm your credit score and may lead to collection procedures. Review your loan agreement for details on missed payments and contact your lender if you cannot repay on time.

Rollovers

Some lenders offer rollovers to delay repayment, but this comes with fees and maintains the same interest rate as the missed payment.

Types of Renewal Policies

Renewal policies vary by lender, generally including:

• • Unlimited renewals: Multiple renewals at high cost.
• • Automatic and borrower-initiated renewals: Limited renewals based on lender policies.

Collection

Failure to communicate about missed payments may lead to debt collection. Collection procedures are outlined in your loan agreement. Contact your lender with any questions.