Integrity in Lending - Putting Your Interests First

Responsible Lending

At SlickCashLoan, we have designed our lender network to reflect one fundamental belief: borrowers should be treated fairly and provided with clear and accurate information. We reject approximately one-third of all lenders who apply to become part of our network. Those lenders who do qualify for our network will be expected to comply with federal, state, and local lending laws and regulations. If we discover that a lender is engaging in a practice that violates those standards, we will take action against that lender; that includes terminating a lender's participation in our network.

We have terminated lenders since 2017 based upon their failure to adhere to loan disclosure requirements, high complaint rates, and/or excessive or abusive collection practices. Borrower complaints are investigated by our staff either immediately (within 24 hours) or at least a week after receiving the complaint.

Because there are significant differences in lending laws among states, consumers may find it challenging to compare lending options. We have created educational tools to assist consumers in understanding the loan process and typical costs associated with that process: How It Works, FAQ, and Rates and Fees. Consumers should borrow only what they feel comfortable repaying and thoroughly review any loan offers before agreeing to them.

Fair Debt Collection Practices Act

Lenders and their designated collectors are required to comply with the Fair Debt Collection Practices Act (FDCPA) when collecting debts from borrowers. The FDCPA specifically defines what types of activities can be conducted by collectors while attempting to collect debts from borrowers.

The FDCPA prohibits lenders/collectors from engaging in the use of abusive/harassing language; making calls outside reasonable hours (prior to 8:00 a.m. or after 9:00 p.m. based on the borrower's local time); misrepresenting either the amount of the borrower's debt, the agent/collection agency's name; and/or threatening litigation, which may not be permissible.

When we receive a complaint regarding a lender/collector in our network, and the complaint is deemed credible, we will initiate an investigation within 48 hours to one week. As a result of an investigation, we have both suspended and removed lenders from our lending network as a result of confirmed violations of the FDCPA.

Fair Lending Act

Fair lending laws are meant to support equal access to credit. Under the Equal Credit Opportunity Act, a lender cannot deny credit because of a person’s race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.

A lender may evaluate all of the factors that relate to your ability to repay the loan, including income, employment history, and other debt obligations. What a lender is prohibited from doing is using those protected characteristics to either deny you credit or to give you unfair terms.

Truth in Lending Act

The Truth in Lending Act (TILA) requires lenders to present you with written disclosures prior to your committing to a loan. Those disclosures will typically include such items as the APR, total finance charges, monthly payments, payment schedules, and all applicable fees.

This allows you to make comparisons among several offers and to understand the true cost of borrowing. Failure by a lender to provide complete and clear terms upfront is an indication that something may be amiss, and is also one of the reasons why we have removed certain lenders from our network.

State Regulations

In addition to Federal regulations, many states regulate short-term and online lending, often through caps on the amount of money that can be borrowed, caps on the type and amount of fees and/or interest rates charged, restrictions on whether a borrower may roll over/renew a loan, and cooling-off periods between loans.

SlickCashLoan provides services in 47 states. Due to state lending laws, we are unable to offer service to the residents of New York, Vermont, or West Virginia at this time. To find information regarding the lending regulations for your state and links to the official regulatory source for your state, please go to our Rates and Fees page.

SlickCashLoan is a connection point between borrowers and independent lenders. Each lender independently makes their own approval decision, and each lender has their own terms of service.