Truth In Lending Disclosure Statements
Federal law requires lenders to provide to loan applicants which discloses all the costs associated with making and closing the loan. These costs include the annual percentage rate, finance charges, amount financed and total payments the borrower will make over the term of the loan.
Annual Percentage Rate
35.6% if loan extends 6 months
$49.00 loan processing fee
$178.00 if loan takes 6 months
$0.00 if paid within 30 days
Total of Payments
5 $120.00 monthly payments
$ 110.00 last payment if customer wishes to pay in installments.
$7.00 processing fee per monthly payment
Collection fees may apply on default of loans.