Short term cash advances are intended to be paid off quickly and can be very expensive if utilized as long term financing. Various Truth-in-Lending laws require financing disclosures to be expressed as an Annual Percentage Rate (APR), or the cost of the credit advanced to you expressed as an annual rate. The APR for an online short term cash advance is almost always higher than traditional loans offered by banks and other financial institutions because these cash advances are meant to help you get through a few days or weeks rather than several years. Also, the requirements for receiving these unsecured short term cash advances are typically much less stringent than traditional lending sources.
Since WeFixMoney is not a lender, we are not able to provide or advertise the actual terms, rates, APRs, or fees associated with the loan you may receive from a lender. The reason for this is that the terms, rates, APRs and fees vary from lender to lender.
Wefixmoney is not a lender – as such, we do not have control over the APR you will be offered. We display a Representative APR only as it is based on data offered from multiple lenders. Qualified consumers can get a loan with APR Rates ranging from 4.95% to 35.95% and loans repayment period of 61 to 90 days. Your loan amount, APR and repayment term will vary based on your credit worthiness, state and lender or lending partner. Although some providers offer rates from 4.95% up to 35.99% APR rates that low are only available to certain customers. Important Information: Some lenders and services may not be accessible to residents of all States based on lender’s preferences and legislation particular to that State.
The following table represents sample rates, is for informational purposes only, and may not reflect the actual APRs offered by your lender and/or lending partner. The repayment terms are for close end loan products, and is not reflective of all loan products offered in our network.
|Loan Amount||Interest Rate||Loan Term||Fee||Fee Cost||Repayment||APR||Total Repayments||Total Cost|
If you borrowed $5,000 over a 48 month period and the loan had a 8% arrangement fee ($400), your monthly repayments would be $131.67, with a total pay back amount of $6320.12 which including the 8% fee paid from the loan amount, would have a total cost of $1720.12. Representative 18.23% APR.
If a lender agrees to work with you, you will be shown this information as a part of the loan terms, by that lender when you are redirected to its website. Please review the information the lender provides carefully and make sure that you understand how much money you will receive and how much you are required to payback. Each lender should provide its loan terms clearly and in a way that is easy to understand. If you do not understand the terms of the loan or don’t agree with them (including the APR), do not continue or agree to the terms and do not provide your electronic signature. You are not obligated to accept the terms! However, you will not receive the loan if you do not agree. Reach out to your lender directly if you have questions about their loan offer.
If you do not pay your loan according to its terms, your lender may: