Responsible Lending Policy
SpringCleaningCash.com remains dedicated to working with reputable lenders. In addition, SpringCleaningCash.com provides information that will assist consumers in making informed, responsible loan decisions.
Truth in Lending Act
SpringCleaningCash.com‘s policies and practices adhere to the regulations set by Fair Lending laws, such as the Truth in Lending Act. Before a consumer assumes any obligation to initiate the loan process, consumers should demand to be presented, in writing, with the exact rates, fees, rollover charges, and other details of their loan, not to exceed applicable laws, rules, and regulations.
The Dodd-Frank Wall Street Reform Act states that all lenders, including cash advance lenders, must engage in “fair lending,” which is defined as “fair, equitable, and nondiscriminatory access to credit for consumers.” Dodd-Frank also tasks the Consumer Financial Protection Bureau
with the enforcement of fair lending regulations. Consumers using SpringCleaningCash.com are urged to file a complaint with the agency should any problems arise with their loans.
Fair Debt Collection Practices
For consumers repaying their loans SpringCleaningCash.com supports all provisions of the Fair Debt Collection Practices Act enforced by the Federal Trade Commission
. SpringCleaningCash.com is not an actual lender and, as a result, does not collect debts from consumers. SpringCleaningCash.com endeavor to only work with lenders that comply with applicable debt collection laws, rules, and regulations. These include:
- NOT contacting consumers by phone anytime before 8 a.m. or after 9 p.m.
- NOT contacting consumers by phone with the intent to annoy, harass, or use abusive language.
- NOT collecting debt through deception or misrepresentation.
- NOT threatening legal recourse when no legal action is permitted.
Should a lender be found to be in violation of these or any other FDCPA statutes, SpringCleaningCash.com does not hesitate to cease conducting business with the company and report the company to the FTC.
SpringCleaningCash.com helps consumers report any illicit lenders and scam artists seeking to take advantage of those in need. SpringCleaningCash.com will report them to the appropriate consumer protection agencies, such as the Better Business Bureau
While all lenders and SpringCleaningCash.com follow federal regulations, individual states also have numerous laws for lending within their borders. These include strict adherence to local laws regarding interest rates, rollover limits and fees, maximum loan terms, cool-off periods between loans, presentment limits, and more. Consumers should educate themselves about loan product they desire and the laws, rules, and regulations applicable to the product.
THE INFORMATION PROVIDED ON THIS SITE SHOULD NOT BE CONSTRUED AS LEGAL ADVICE AND IS NOT A SUBSTITUTE FOR QUALIFIED LEGAL REPRESENTATION.