Responsible Lending

At Jade Cash Advance, we strive to protect you from unfair lending practices through the following actions:

  • • Providing significant information about the loan industry and responsible lending practices.
  • • Explaining details clearly for better understanding.
  • • Treating every customer with respect and transparency.
  • • Delivering high-quality service and support.
  • • Ensuring our partners adhere to Fair Lending practices.

Lending Partners

We collaborate only with legally authorized lenders to ensure high-quality and reliable services. Review each lender’s terms, interest rates, and conditions before proceeding with any loan.

Impact on Credit Score

Your credit score reflects your creditworthiness and affects loan approval and terms. Factors negatively impacting your score include:

  • • Late payments
  • • Missed payments
  • • Hard credit checks
  • • Loan renewals

Loans are subject to credit approval, even if your credit score is less than perfect.

Late Payments

Make payments on time to avoid fees. Review your loan documentation for details on penalties. Contact your lender immediately if you anticipate a delay.

Missing a Payment

Missing payments may incur additional fees and affect your credit score. Review your loan agreement for your lender’s missed payment policy and contact them if you face difficulties.

Rollovers

Some lenders offer rollovers, allowing you to delay repayment for a fee. Note that rollovers do not reduce the amount owed and maintain the same interest rate.

Types of Renewal Policies

Lenders may offer:

  • • Unlimited renewals: Multiple renewals, often at high costs.
  • • Automatic and borrower-initiated renewals: Limited renewals, depending on lender policies.

Collection

If payments are not made and communication with the lender is avoided, they may initiate collection activities. Review your loan agreement for collection practices and contact your lender for more information.