Credit Authorization
Authorization and Credit Check:
By using the services provided on FreshwayFinancial.com, you expressly authorize Freshway Financial and its trusted partners to perform a credit check. This check may include verifying your social security number, driver’s license number, or other identification, as well as assessing your creditworthiness. Please be aware that credit checks are typically conducted through major credit bureaus such as Experian, Equifax, and TransUnion. However, in certain cases, alternative credit bureaus like Teletrack, DP Bureau, or others may also be involved. Additionally, your information and credit history may be shared with a network of approved lenders and lending partners.
Loan Offer Disclaimer:
FreshwayFinancial.com is not a lender or lending partner and does not make loan or credit decisions. We act as a facilitator, connecting interested individuals with lenders and lending partners from our network. Freshway Financial assumes no responsibility for the actions or inactions of any lender or lending partner. We do not act as an agent, representative, or broker for any lender or lending partner. Moreover, Freshway Financial does not endorse any specific lender or lending partner. Please note that Freshway Financial receives compensation from lenders and lending partners, typically through a ping-tree model where the highest bidder is connected with the consumer. However, it is important to understand that our services are always provided to you free of charge.
Tribal Lender Disclosure:
In some cases, you may have the option to obtain a loan from a tribal lender. Tribal lenders operate under tribal and certain federal laws, which may exempt them from state law, including usury caps. It is important to note that rates and fees offered by tribal lenders may be higher compared to state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. We strongly encourage you to carefully review and comprehend the terms of any loan offer provided by both tribal and state-licensed lenders. You should decline any loan offer that you cannot afford to repay or that includes unfavorable terms.
State Availability:
Please be aware that FreshwayFinancial.com may not offer its services in all states. If you request to connect with a lender or lending partner in a state where such loans are prohibited, or if we do not have an available lender or lending partner in your location, we will be unable to facilitate a connection. It is essential that you review and understand the terms of any loan offer provided by lenders or lending partners, and decline any offer that does not align with your financial circumstances.
Lender’s or Lending Partner’s Disclosure of Terms:
Once connected with lenders or lending partners, they will provide you with loan documents that encompass all pertinent information, including fees, interest rates, and potential charges for late payments. These terms are determined solely by the lender or lending partner based on their internal policies, underwriting criteria, and applicable law. Freshway Financial has no control over the specific loan terms offered by lenders or lending partners. It is imperative that you thoroughly read and comprehend the terms of any loan offer, and decline any offer that is beyond your means to repay or includes unfavorable conditions.
Impact of Late Payments on Credit Score:
We would like to draw your attention to the fact that missing a payment or making a late payment can have a detrimental effect on your credit score. To safeguard your credit history, it is crucial that you only accept loan terms that you can manage and repay in a timely manner. If you foresee any difficulty in making a payment on time, we strongly recommend contacting your lenders or lending partners immediately to discuss appropriate arrangements for handling late payments.
Other Fair Credit Resorting Act (FCRA) Disclosures:
Consumer’s Right to Obtain a Copy of Their Credit Report:
Under the Fair Credit Reporting Act (FCRA), you have the right to request a free copy of your credit report from each of the major credit reporting agencies once every 12 months. To obtain your free credit reports, you can contact the credit reporting agencies directly.
Consumer’s Right to Dispute Inaccurate Information:
If you believe that any information on your credit report is inaccurate or incomplete, you have the right to dispute it. Under the FCRA, you can initiate a dispute by contacting the credit reporting agencies directly. They are required to investigate your dispute and correct any inaccuracies or incomplete information as necessary.
Disclosure of the Source of Credit Information:
Please be aware that our lending partners may obtain your credit information from one or more credit reporting agencies or other third-party sources. This information will be used solely for the purpose of evaluating your loan application or creditworthiness.
Disclosure of Credit Score Information:
In certain instances, our lending partners may use credit scores as part of the credit decision-making process. If a credit score is utilized, you have the right to receive information about the credit score used in the decision. This includes the numerical score itself, the key factors that influenced the score, and the range of possible scores.
If you wish to review our complete privacy policy, please click here.