Annual Percentage Rate (APR)
Here at UpFinances we offer APR rates ranging from 4.95% minimum to 35.95% maximum. The APR you may be offered depends on different factors, including your personal situation and financial standing. By completing our loan offer form you shall receive details of the APR and full terms of any loan offered to you.
The actual interest rate you may be offered depends on several factors: your credit score, financial history, income, etc. Contact your lender for more information about the APR you may receive and the terms of your loan agreement.
Representative Example of APR
If you borrow $2,500 over a term of 1 year with an APR of 10% and a fee of 3%, you will pay $219.79 each month. The total amount payable will be $2,637, with a total interest of $137.48.
Financial Implications (Interest & Finance Charges)
Once you get a loan decision, 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 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.
upfinances.com 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.
upfinances.com 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
collectors.
Potential Impact to Credit Score
All loans are subject to credit approval. Any lender you are connected 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 a positive loan decision. Yet, our lenders are ready to consider different score cases.
Collection Practices
Non-payment may involve debt collection practices, as it is set by applicable law.
upfinances.com 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 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.
