If you are connected to a lender after registering with PDLoans247.com, that lender will make you an offer with the loan amount, fees, and interest rate, as well as detailed loan repayment terms and conditions. Please read all the terms and conditions carefully, including your rights, responsibilities, and possible penalties for a case when you cannot pay the loan on time.
You may not accept the proposed loan terms if they are not suitable for you. You only make a commitment when you electronically “sign” for the loan. Your payment is automatically deducted from your bank account on the agreed due date.
If you fail to repay the loan in full by the due date, including all fees and interest, you will face penalties that were specified in the terms and conditions you agreed to when you took out the loan. If when you review the terms of the loan you are offered you realize that repayment may be a problem for you, do not agree to this loan.
You can ask your lender any questions you have about repayment and possible penalties. We work with many lenders who have different loan rules. If you are unable to repay your loan, including fees, on time, lenders may impose sanctions such as:
- Providing your account to a collection service
- Informing the credit reporting service
- Offering to renew your loan with additional fees added to your account balance
- Filing a lawsuit in court
A loan not paid on time can result in the determination of additional fees or collection actions or both. Different lenders have different terms and conditions, so you should read your lender’s policy carefully for more information. Contact your lender with any questions you have or any problems you may be experiencing with your loan.
PDLoans247 does not charge borrowers for its services, so registering for our service is free!
PDLoans247 is not a direct lender or credit broker. We do not make loan decisions. We are a lender matching service for borrowers. Thus, our job is to connect those who want to get a payday loan or small installment loan with those who give them out.