Annual Percentage Rate (APR)
Creditcares.co is not a lender and does not provide short-term or online personal loans but
refers consumers to the lenders who may provide such loans. Because of this, Creditcares.co
cannot provide you with an exact APR that you will be charged if you are approved for a
loan. APR may depend on multiple factors, including but not limited to your state of
residence, your creditworthiness, lender's requirements, loan term you request. In case of
approval, you will be given the details on the APR, loan fees, and other terms by your
If you have reached our website via paid Google ad, the rates on Creditcares.co will vary
from 4.99% to 29.85% APR (calculated consistent with the Truth in Lending
Act, TILA) with repayment terms from 65 days to 84 months. You will be
notified of final numbers prior to accepting suggested loan terms.
Rates based on creditworthiness are subject to change without notice. The actual rate and
monthly payments may vary. In order to apply for a loan, you must be at least 18 years or
Once your application is approved, you will be presented with the loan agreement, where
lender will disclose all details pertaining to the loan — including APR, loan finance
charges, or any other terms you would be agreeing to. We highly recommend to review this
information carefully before accepting a loan offer.
Should you have any questions related to APR or loan related services, please contact us for
Representative Example of APR
If you borrowed $2,500 over a 36 month period and the loan had a 10% arrangement fee ($250),
your monthly repayments would be $87.89, with a total pay back amount of $3,164.13, which
including 10% fee paid from the loan amount, would have a total cost of $914.13.
Representative 22.93% APR.
Financial Implications (Interest & Finance Charges)
Once get approved for a loan, your lender will supply you with all the necessary details
regarding terms, fees and interest rates for a given loan. Be sure to review your loan
agreement carefully for information about the financial implications of non-payment before
formally accepting the loan. Remember, that you are under no obligation to accept loan
offers from lenders. Please check the representative APR example to get more information.
Implications of Non-Payment
When you accept the terms and conditions for a personal loan, you hereby agree to repay the
loan with an interest and in time specified in your loan agreement. Your lender may set late
payment and non-payment fees in accordance with state regulations.
Creditcares.co cannot predict what additional charges may be incurred in case of late
payment, partial or non-payment. For more information about your lender's specific
procedures, please review your loan agreement or contact your lender directly.
Creditcares.co partners only with the most reputable lenders adhering to the Fair Debt
Collection Practices Act, which protects consumers from being abused or harassed by debt
Potential Impact to Credit Score
All loans are subject to credit approval. Any lender you are matched with may run a credit
check procedure with one or more credit agencies. Too many credit checks in a short period
of time may adversely affect your credit score.
Failure to repay a loan can be reported by your lender to one or all of the major credit
reporting agencies — Experian, Equifax and Transunion. This can negatively impact your
credit your credit history up until you repay the loan in full. The same concerns late
payments or rolling over a loan. Once the loan is repaid, lenders can report it to the
credit reporting agencies.
Damaged credit score may affect your future financial decisions making it more difficult to
get approved for a loan or a credit card. Yet, poor or bad credit cannot prevent you from
being able to receive a loan.
Non-payment may involve debt collection practices, as it is set by applicable law.
Creditcares.co is not a lender and thus not involved in any way in the above mentioned
process. Your lending agreement should have provisions disclosing debt collection practices.
Please contact your lender for any questions regarding collections.
Loan Renewal Policies
Some lenders within our network may automatically renew your a loan if it becomes past due.
There also could be additional charges for this. All terms are described and identified in
your loan agreement. Check your lender's policy on automatic loan renewal before you sign it
electronically. Also, your lender may offer other alternative methods besides renewal. To a
significant extent, these regulations are determined by state regulations.