The APR on a short term loan can range any where from 200% to 1,100% depending on how the APR is calculated, the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan renewal actions, and other factors. Please be advised that the APR range is not your finance charge and your finance charge will be disclosed later in your loan agreement. See Disclosures.

When you accept the terms and conditions for a loan agreement, you are agreeing to pay back the loan principal and finance charges in the disclosed in you agreement given to you by your lender. Additional fees or charges by your lender may result if you are unable to make timely payments or repay your loan in full. Cashcitypayday.com cannot predict the amount of the fees or charges that you will incur as a result of non-payment, late payment, or partial payment. Unless you have a loan with Cashcitypayday.com, we will have no control over or knowledge of the loan details between you and other lenders. Please refer to the late payment, partial payment, and non-payment policies detailed in the loan documents provided by your lender. Cashcitypayday.com does make an effort to work only with reputable lenders dedicated to pursuing collections of past due accounts in a fair and reasonable manner. Late payments of loans may result in additional fees or collection activities, or both. Each lender has their own terms and conditions, please review their policies and disclosures for further information. Non-payment of credit may result in collection procedures. Furthermore, every lender has their own renewal policy, please be sure to review their policy in it’s entirety, this policy may differ from lender to lender.

A lender may charge and collect interest in respect to a revolving credit plan or closed end loan at such daily, weekly, monthly, annual, or other periodic percentage rate or rates as the agreement governing the plan or loan provides, or as established in the manner provided in such agreement. Periodic interest may be calculated on a revolving credit plan using any balance computation method provided for in the agreement governing the plan. Periodic interest may be calculated on a closed end loan by way of simple interest or such other method as the agreement governing the loan provides.

If the agreement governing the revolving credit plan or closed end loan so provides, the periodic percentage rate or rates of interest may vary in accordance with a schedule or formula. Such periodic percentage rate or rates may vary from time to time as the rate determined in accordance with such schedule or formula varies and such periodic percentage rate or rates, as so varied, may be made applicable to all or any part of the outstanding unpaid indebtedness or outstanding unpaid amounts. In the case of revolving credit, such rate shall become applicable on or after the first day of the billing cycle that contains the effective date of such variation. In the case of closed end loan transactions, such rate may be made applicable to all or any part of the outstanding unpaid amounts on and after the effective date of such variation. Without limitation, a permissible schedule or formula hereunder may include provisions in the agreement governing the revolving credit plan or closed end loan agreement for a change in the periodic percentage rate or rates of interest applicable to all or any part of outstanding unpaid indebtedness or outstanding unpaid amounts, whether by variation of the then applicable periodic percentage rate or rates of interest, variation of an index or margin or otherwise, contingent upon the happening of any event or circumstance specified in the plan or agreement, which event or circumstance may include the failure of the borrower to perform in accordance with the terms of the revolving credit plan or loan agreement.

Additional Fees and Charges; Limitations

Fees for services rendered or reimbursement of expenses – reasonable fees for services rendered or for reimbursement of expenses incurred in good faith by the licensee or its agent in connection with such loan, including without limitation, commitment fees, official fees and taxes, premiums or other charges for any guarantee or insurance protecting the licensee against the borrower’s default or other credit loss, or costs incurred by reason of examination of title, inspection, recording and other formal acts necessary or appropriate to the security of the loan, filing fees, attorney’s fees and travel expenses. In the event a borrower defaults under the terms of the loan, the licensee may, if the borrower’s account is referred to an attorney (not a regularly salaried employee of the licensee) or to a third party for collection and if the agreement governing, or the bond, note or other evidence of, the loan so provides, charge and collect from the borrower a reasonable attorney’s fee. In addition, following a borrower’s default, the licensee may, if the agreement governing , or the bond, note or other evidence of, the loan so provides, recover from the borrower all court, alternative dispute resolution or other collection costs (including, without limitation, fees and charges of collection agencies) actually incurred by the licensee.

Deferral charges – a deferral charge may be assessed to a borrower in accordance with an agreement to permit the borrower to defer installment payments of a loan.

Delinquency charges – if the agreement governing the loan so provides, a late or delinquency charge may be imposed upon any outstanding unpaid installment payment or portions thereof under the loan agreement which are in default; provided, however, that no more than 1 such delinquency charge may be imposed in respect of any single such installment payment or portion thereof regardless of the period during which it remains in default; and provided further that no such delinquency charge may exceed 5% of the amount of any such installment or portion thereof in default.

Returned check charges – if the agreement governing the loan so provides, a returned check charge may be assessed to consumers, for checks that are returned unpaid provided the amount(s) of such charges are customary and reasonable.

CONSUMER NOTICE: Cash Advances and Installment Loans should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.

Some lenders may perform a non-traditional credit inquiry in order to work out your eligibility for a loan. Lenders typically do not perform a borrowing inquiry with the three foremost borrowing bureaus: Transunion, Experian, or Equifax. finally, your borrowing score may or may not be affected by the actions of a specific lender. If you do not repay your loan on time as agreed, your lender may report this delinquency to one or more borrowing bureaus, which could have a negative influence on your borrowing ability.

Loan renewal policies are typically governed by state regulatory legislation. The loan renewal options will be presented to you by your lender prior to esigning your loan agreement. Please make sure to diligently read the renewal policy presented to you prior to signing the loan documents. A shortterm cash advance or installment loan are intended to be a short term financial instrument. Cashcitypayday.com recommends to all consumers to repay your loan on time or in full in order to avoid late payments and/or non-payment fees.