GENERAL CONDITIONS
This web site is the property of Consumers Payday Company. We may amend these terms of service from time to time by posting herein. You agree to use this web site only to conduct business with us or to obtain information about our services. We will endeavor to provide timely and accurate information and service at all times, but we do not guarantee timeliness, accuracy or availability of any information or service, and we will not be liable under any circumstances for any damages arising from use of or inability to use this web site. This web site is provided “as is” and without warranties of any kind, including but not limited to the implied warranties of merchantability and fitness for a particular purpose.
CONSENT TO ELECTRONIC RECORDS
Any agreement, disclosure or other record required by law to be signed, or to be maintained, provided or made available in writing or other non-electronic form, may be signed, maintained, provided or made available on this web site or by email or other electronic means to the extent permitted by federal and state laws regarding the use of electronic signatures and records in business transactions. Your consent to electronic records shall apply to all of your transactions and communications with us, but it does not obligate us to use electronic records under any circumstances. Your consent merely authorizes us to use electronic records, and we may in our discretion use or require a paper copy in lieu of or in addition to an electronic record. Any record available on this web site may be downloaded or printed at any time. We will mail you a paper copy of any record upon request, and your request may be submitted electronically. The first paper copy will be provided for free, and we may charge $1.00 per page for additional copies. You may withdraw your consent to electronic records unconditionally and without any fee or other consequence upon notice to us, which may be provided electronically. You may update your email address and other contact information in My Profile or by email, phone, fax or mail. We recommend that you add support@consumerspayday.com to your email address book or otherwise configure your email service to allow you to receive email from us. You acknowledge and accept all privacy risks inherent in email and other forms of electronic communication, and we shall not be liable for any breach of privacy or damages of any kind resulting therefrom under any circumstances. You shall be responsible for all charges from your email and other communication service providers. In order to view records on this web site, you will need a computer or other device with a visual display and a current operating system and web browser, as well as access to the internet and the ability to display files in portable document format (filename.pdf). In order to save or print records from this web site, your computer or other device must have sufficient data storage capacity or be connected to a printer. By giving your consent to electronic records, you confirm that you have access to hardware and software that meets these requirements.
WEB PRIVACY
When you visit our web site we collect information about your computer hardware and software, such as your IP address, browser type and domain names, as well as information about your visit, such as access times and referring web site addresses. This information is used to maintain the quality, efficiency and security of our service, and is not disclosed to anyone except as needed to provide our service or as required by law. We also place text files, commonly known as cookies, on your hard drive to streamline your interactions with our web site. We may add and remove links to other web sites at our discretion. Any link to another web site is provided for convenience only. If you follow any such link, you do so at your own risk and subject to any terms and conditions of the web site visited. A link to another web site does not create or imply any agency or other affiliation between us and any person or entity affiliated with the linked web site, and we are not responsible for the content of any linked web site.
COLLECTION, USE AND PRIVACY OF PERSONAL INFORMATION
We collect nonpublic personal information about you when you register and enter your profile. We also collect information about your transactions with us, and we may collect information about your transactions with our affiliates and others as permitted by law. We do not collect information about you from any consumer or credit reporting agency. We use your information to identify you in accordance with federal and state law, and to provide services as requested by you. We reserve the right to disclose your information to our affiliates. We do not disclose your information to any consumer or credit-reporting agency, nor do we disclose it to anyone that is not affiliated with us except as required by law. Your personal information is accessible only by those of our employees and other agents who need it to conduct and promote our business. We also have other policies and procedures as well as physical and electronic security measures in place to protect your personal information. We believe these measures to be adequate but make no guarantee with respect thereto.
UNDERWRITING REQUIREMENTS AND CONDITIONS
You must provide us with your name, email address, home address, phone number, social security or federal tax identification number, date of birth, military status, identification number (Driver’s License, State Identification or United States passport), bank name, routing number, account number and account type, and your employer’s name, address and phone number if applicable. You must also provide us with your most recent monthly bank statement or other proof of account ownership prior to your first loan and if you change bank accounts. Current proof of income is required prior to each loan. Acceptable proof of income is a pay stub with a pay date or period ending date not more than one month prior to the loan date, or any other record of income received in the one month period ending on the loan date. Self-employment income may require additional verification, and you will be notified by email if so. Income from alimony, child support or separate maintenance need not be revealed if you do not want it considered in determining your creditworthiness. All credit decisions are made in our discretion and are not based on any consumer or credit report, or on any score derived therefrom.
LOAN PROCEDURES
Go to My Profile and enter all applicable information. After your profile is saved you will be prompted to upload your bank statement and proof of income. You need only submit your bank statement if it will also serve as proof of income. Supporting documents may also be submitted by fax, text or email. We will set your credit line and interest rate after we review your profile and supporting documents, usually within thirty minutes after we receive all required information.
Go to Get a Loan to see loan terms and submit a request. Enter any amount to see the payment schedule, interest rate and finance charge. When ready to proceed, enter the amount you want and submit a request. Loans are issued on banking days only, and we will email you when a decision is made. When a loan is issued we email you with “E-Sign Required” in the subject line and a link to review and electronically sign the documents. After you sign, executed copies of the loan documents are emailed to you and we schedule funding. Loans are usually funded by ACH credit to your bank account. ACH funding is scheduled for the next banking day if the documents are signed by 1:00 pm central time, otherwise it is scheduled for the second next banking day. We will email you if funding will be by other means or will take longer, and if it will take longer then interest will be credited for the period of delay. Loan documents must be signed before midnight, but we strongly advise signing as soon as possible to minimize the risk of delay. You may cancel a request at any time before a loan is issued, and you may cancel a loan if you have not signed the documents. You may submit a new request at any time after a request or loan is cancelled.
Go to View & Pay Loans then any loan number to see details, sign documents or schedule a payment. You may schedule payments up to a month in advance, but only one payment may be scheduled for any given date. A scheduled payment will post to the loan on the date that you select, provided that the deadline for same-day posting is 1:00 pm central time on banking days, and provided further that if the date you select is not a banking day then the payment will post on the next banking day. You may edit or cancel a payment at any time before it is due to be posted. Payments are processed as ACH debits to your bank account within two banking days after posting.