Responsible Lending Statement
Check City commits to you that short-term cash advance loan products offered through this website are issued in accordance with applicable state and federal laws. We strive to provide you, our consumer, the greatest level of fairness and transparency available. We affirm the following statements:
We Respect Your Privacy
Our Loans are Intended for Short-term Needs
This is a short-term loan intended to help you meet your immediate needs. It is not designed to help you meet longer-term financial needs. If you extend or refinance this loan, it will result in additional charges. We strongly encourage you to only borrow the amount you need and repay it as soon as possible. You should attempt to reduce the principal of your loan by making early payments to potentially reduce the finance charges you may incur at refinance. We encourage you to review the terms and conditions of our loans verses other loans available to you. Consumer credit counseling centers may help you explore the best credit options available to you.
Right to Rescind
If you decide you do not want your loan within 24 hours of being approved, you may rescind your loan at no charge as long as you return the loan proceeds in accordance with the terms listed in your loan agreement.
Transparency of Costs for Your Loan
The cost of credit is always clearly disclosed to you in terms of the Annual Percentage Rate, the finance charge, and total amount you are required to repay according to federal Truth in Lending Regulations. Late fees, returned item/NSF fees, or ongoing interest may apply as outlined in your loan agreement if you fail to pay your loan on time. We will not charge your hidden fees or other charges that are not fully disclosed in your loan agreement. Visit our Check City Rates and Fees page for information about rates in your state.
Late Payments and Non-Payment
If you do not make a loan payment by your due date, we will attempt to contact you using one or more authorized methods, including phone calls, emails, and text messages to arrange for payment. In addition, we may re-present any returned payments to your bank in accordance with your loan agreement, applicable law, and regulatory requirements. If we are unable to reach you or if we cannot collect a delinquent balance you owe, a notice may be reported to credit bureaus reflecting your late or non-payment. Such action may impact your credit rating. Pursuant to governing law we may also seek legal recourse. Some delinquent accounts may be placed or sold to a third party collection agency that follows the FDCPA. As noted above, late fees and returned item/NSF fees may apply as described in your loan agreement.
Responsible Renewals and Refinancing Options for Cash Advances
Check City will not renew or refinance your loan without your express permission pursuant to the terms of your loan agreement. We strongly encourage you to reduce the principal of your loan by making early payment to potentially reduce the finance charges you may incur. Visit our Check City Rates and Fees page for information about loan terms in your state.
We Follow the Law
We comply with all applicable federal and state laws and regulations. The following federal laws apply to cash advance loans :
- Truth in Lending Act (TILA)
- The Electronic Fund Transfer Act (EFTA)
- The Fair Credit Reporting Act (FCRA)
- The Gramm-Leach-Bliley Act (GLBA)
- The Equal Credit Opportunity Act (ECOA)
We provide you a toll-free phone number, email address, and street address so that you can reach us in the manner easiest for you. We try to respond to your mail, calls, live chats, and email as fast as possible so we can answer your questions and resolve and problems you might have. Please see our Contact Us page for details.
Note to Texas Customers
In Texas, Check City acts as a credit services organization/credit access business (CSO/CAB) and is not the lender loans are made by a third-party lender. However, the terms of our Responsible Lending Statement applies equally to us in our role as a CSO/CAB and to the applicable third-party lender.