Disclaimer & Important Information

Our Role: Connection Service

Wow-Loans.com is NOT a lender. We do not make loans or credit decisions. We are a connection service (sometimes referred to as a lead generator or referral service) that helps connect interested consumers with independent third-party tribal lenders and lending partners within our network.

We do not charge consumers any fees for using our service. Any compensation we receive is from the participating lenders for advertising services provided.

Wow-Loans.com has no control or knowledge over the loan details, terms, rates, or fees agreed upon between you (the customer) and the lender. All legally required loan documentation, including disclosures under the Truth in Lending Act (TILA), will be provided to you directly by the lender.

Loan Approval, Terms, Fees & Rates

Once your loan application information is submitted through our platform and shared with a participating lender, that lender may approve your request based on their own criteria.

If approved, the lender will provide you with all necessary loan documents. These documents will detail the specific loan amount, repayment schedule, Annual Percentage Rate (APR), fees, and all other relevant terms and conditions.

It is highly recommended that you meticulously read all fees, rates, and terms information provided by the loan provider BEFORE agreeing to the loan terms.

There is no obligation on your end to accept the terms offered by any lender. You are free to review the offer and should only electronically sign (e-sign) the loan agreement if you fully understand and find the loan terms acceptable for your situation.

Loan fees and interest rates mentioned in the final agreement are determined exclusively by the lender, based on the information you provide and their underwriting policies. Wow-Loans.com does not influence these terms.

APR Disclosure (Annual Percentage Rate)

The APR is the total cost of your loan expressed as a yearly rate. Lenders in our network typically offer short-term personal loans with an APR ranging between 391% and 779%, depending on the loan amount, loan term, repayment schedule, and the lender's specific rates.

The APR on a small-dollar, short-term cash advance reflects the loan amount, loan cost (fees and interest), loan term, repayment amounts, and timing. Larger loan amounts or longer loan terms may sometimes be available with lower APRs. Conversely, smaller loan amounts for very short periods often carry higher APRs due to the fixed costs involved and the shorter timeframe for the lender to recoup costs and profit.

Based on your credit requirements and your stated wish to pay off your loan quickly, your loan provider may only offer you loans with a relatively high APR.

Wow-Loans.com cannot provide you with the exact APR for your loan. Only the lender you connect with can provide you with this information, along with all other specific terms, once they have evaluated your application.

Policy for Late Payment

Policies regarding late payments differ significantly from lender to lender. You are always advised to carefully review the late payment policy outlined in the lender's loan agreement before signing and agreeing to the terms.

Pay close attention to any potential late fees, how they are calculated, and when they are applied. In addition, state-specific rules, regulations, and laws govern late payment practices, and lenders must abide by these applicable laws.

Policy for Non-Payment

Failing to repay your loan according to the agreed-upon terms can have serious consequences. If you fail to repay the loan, additional charges, fees, and interest may apply as detailed in your loan agreement.

Wow-Loans.com aims to cooperate with lenders who employ fair and lawful debt collection practices, adhering to the requirements of the Fair Debt Collection Practices Act (FDCPA) and any applicable state or tribal laws.

If you do not repay the loan as per the terms, your lender may:

• Charge you late fees as permitted by the agreement and law.
• Report your delinquency to one or more consumer reporting agencies (credit bureaus), which could negatively impact your credit score.
• Send your account to a collection agency, subjecting you to collection efforts.
• Offer to renew, extend, or refinance your existing loan. Be aware that this typically involves additional fees, charges, and interest, potentially increasing the total cost of borrowing significantly. Carefully consider the implications before agreeing to any renewal or refinance offer.

It is crucial to understand the implications of non-payment as outlined by your specific lender. Ask your lender directly about their policies regarding non-payment if you have any questions.

Policy for Loan Renewal

Loan renewal policies are often regulated by state or tribal law, and practices vary among lenders. Each jurisdiction may have its own rules regarding whether renewals (rollovers) are permitted, the number of times a loan can be renewed, and the fees associated with renewals.

It is strongly recommended that you carefully read the specific terms designed by your lender regarding their loan renewal policy, as detailed in your loan agreement, before signing.

Renewing a loan often means you pay additional fees and interest without significantly reducing the principal balance, making the loan much more expensive over time. Consider alternatives before opting for a renewal.

Credit Effect & Checks

Wow-Loans.com is not liable for making any credit decisions and does not perform credit checks on borrowers submitting information through our site.

However, some of the lenders within our network may perform a credit check or use other consumer reports to help determine your eligibility for a loan. This might involve checking with the three major credit bureaus (Equifax, Experian, TransUnion) or utilizing alternative credit reporting services or data sources.

The type of credit check performed (hard inquiry vs. soft inquiry) varies by lender. A hard inquiry can potentially impact your credit score, while a soft inquiry typically does not.

Your credit score may or may not be affected by the actions of a particular loan provider. However, as mentioned under Non-Payment, if you fail to repay your loan on time, the lender has the right to report this delinquency to credit bureaus, which could have a significant adverse effect on your credit profile, making it harder to obtain credit in the future.

Debt Collection Practices

As Wow-Loans.com is not a lender, we are not involved in any debt collection procedures. The specific collection practices used by your lender will be disclosed in the loan agreement they provide.

Lenders are generally expected to follow applicable federal, state, and tribal laws regarding debt collection, including the FDCPA.

In case of any doubt or concern regarding the collection procedures used by your lender, it is recommended that you address the issue by directly discussing it with the lender.

Be aware of fraudulent debt collection scams. Legitimate collectors must identify themselves and provide validation of the debt upon request.

Availability & State Regulations

Our service and the availability of loans from participating lenders may not be available in all states. State laws and tribal regulations significantly impact the availability, terms, rates, and fees of loans offered by lenders.

You are responsible for complying with all laws and regulations applicable to your location regarding online borrowing.

Final Reiteration

Wow-Loans.com is not a lender. Only your lender can provide you with specific information regarding your loan terms, conditions, APR, fees, and the implications of non-payment or late payment. Therefore, you must ask your chosen lender directly regarding current loan charges, interest rates, and their policies.

By using this website, you acknowledge and agree to the terms outlined in this disclaimer and our Terms of Service and Privacy Policy.