Policy on Responsible Lending

electronic-loan.com is committed to protecting each and every consumer from fraudulent or dishonest lenders. We provide you with the information you need to make an informed decision and get access to electronic payday loans online without any risks.

You can trust us
All the practices of electronic-loan.com conform to the regulations of the Fair Lending Laws. Before the consumer assumes obligation to repay the loan, they should familiarize themselves with all the information provided by the lender concerning fees, chares and rates that apply to the loan. Our Rates and Fees page will help you find out what the rules and regulations regarding payday loans are in your state.

Fair Lending
Our network lenders engage in fair lending practices whenever offering a loan to any of the consumers contacting us for matching services. They act according to the Dodd-Frank Wall Street Reform Act enforced by the Consumer Financial Protection Bureau.

Fair Debt Collection Practices
We only cooperate with lenders following the provisions of the Fair Debt Collection Practices Act enforced by the Federal Trade Commission. electronic-loan.com is not a lender itself and is not responsible for collecting any debts from the consumers. Our network lenders observe the following guidelines when dealing with consumers:
– Never call consumers before 8 am or after 9 pm.
– Never contact consumers intending to harass, annoy or abuse them in any way.
– Never use deception and misrepresentation for the purpose of collecting debt.
– Never threat with legal action when it is not allowed.
If any of the lenders you requested a electronic payday loan from violates any of those guidelines, you should stop doing business with them and file a complaint with the Federal Trade Commission.

Local Regulations
electronic-loan.com encourages its network lenders to follow local (state) and federal regulations when providing payday loans. Our lenders are encouraged to conform to local and federal laws regarding rollover limits, fees and interest rates, as well as maximum loan amounts and other aspects.