Cash Loans Bear is not a lender. We are a connection service that matches consumers with lenders and financial service providers. We do not make loans, extend credit, or make credit decisions. By submitting your information through our website, you authorize us and our lending partners to use your information to determine whether you qualify for a loan.
This service is free for consumers. We are compensated by lenders when we refer borrowers who complete loans.
If you are matched with a lender and receive a loan offer, the lender will provide you with complete terms and conditions, including:
Read all terms carefully before accepting any loan offer. Make sure you understand the total cost of the loan and your repayment obligations.
Interest rates and APRs vary significantly based on:
APRs for short-term and installment loans typically range from 5.99% to 35.99% or higher. Some lenders may offer rates outside this range. Payday loans and cash advances often have higher APRs.
The APR is the cost of your loan expressed as a yearly rate. It includes both interest and certain fees, making it easier to compare loan offers.
Lenders may charge various fees, including but not limited to:
All fees will be disclosed by the lender before you accept a loan. Make sure you understand all costs before proceeding.
Loan amounts typically range from $100 to $5,000, though some lenders may offer more or less depending on your qualifications and state regulations.
Loan terms vary by lender and loan type:
The specific amount and term you're offered will depend on your qualifications and the lender's policies.
This is a hypothetical example for illustration purposes only. Your actual loan terms will be determined by the lender.
Example: A $1,000 loan with a 12-month term at an 18% APR would have:
This example does not include potential origination fees or other charges. Always review the lender's actual offer for your specific terms.
Failing to make payments on time can result in:
If you're having trouble making payments, contact your lender immediately. Many lenders offer hardship programs or payment arrangements.
Some lenders may allow you to renew or "rollover" a loan by paying additional fees to extend the due date. This can significantly increase the total cost of borrowing.
Renewals and rollovers are subject to state regulations. In some states, they are limited or prohibited entirely.
Avoid renewing or rolling over loans if possible, as this can lead to a cycle of debt with mounting fees.
Submitting your information through Cash Loans Bear typically does not result in a hard credit inquiry. However, if you proceed with a lender, they may:
Making on-time payments can help improve your credit score. Late or missed payments can harm it.
Lending laws vary by state. Some states have specific regulations regarding:
Lenders in our network comply with applicable state laws. The options available to you depend on your state of residence.
If you default on a loan, the lender or a third-party collection agency may attempt to collect the debt. Collection activities are subject to federal and state laws, including the Fair Debt Collection Practices Act (FDCPA).
You have rights during the collection process, including the right to dispute debts and request validation.
Before taking out a loan, consider whether other options might be available:
Loans should be used responsibly and only when other options are not available or suitable.
For more information about your rights and consumer lending practices:
If you have questions about this disclosure or our service, contact us at support@cashloanbear.com.
For questions about a specific loan offer, interest rates, repayment terms, or lender policies, contact the lender directly.
