Frequently Asked Questions

Personal and/or installment loans typically range between $100 and $40,000. They can be used for almost any personal expense, from paying off credit cards and medical bills to home repairs or even a much-needed vacation. Personal loans are commonly called installment loans because they are typically paid back in monthly or bi-monthly installments over an extended period of time. They can be a convenient alternative to bank loans or high-interest credit cards, with online request forms and no-hassle automated repayment.

The cost of the loan and Annual Percentage Rate (APR) depend on several factors including but not limited to, credit history, stable source of income, and state law. Your APR also depends on how much you want to borrow and how quickly you want to repay the loan.

The terms of your loan are disclosed during the loan request process when you are directed to the lender's loan agreement. This information is strictly between you and your lender. Not all customers will be eligible for a loan or meet the criteria to receive the best terms or lowest interest rate.

A representative personal loan example: At 30% APR, if you borrow $4,000 and repay the loan over 24 months, your monthly payments would be $223.65 and your total repayment amount would be $5,367.63.

Companies that offer personal loans and cash advances typically do not perform credit checks with the three major credit reporting bureaus (Experian, Equifax, and Trans Union). That's why customers with less than perfect credit are often able to turn to personal loan companies when they need emergency cash in between paychecks. However, loan review procedures vary by company, and most personal loan companies DO review a customer's information in national databases that track consumer lending transactions, such as Teletrack, DP Bureau, or DataX, using an individual's social security number.

The time it takes to process a personal loan and transfer or ACH funds into an invidual's account varies with each personal loan company, and also depends on the financial institution where the customer has their bank account. However, approved individuals can often receive their personal loan as soon as the next business day after approval.

Repayment terms, including dates for repayment and any fees chargeable in the event of a rollover, etc., vary for each company that offers personal loans, and it is essential that you review all of these terms and conditions, before entering into a personal loan agreement.

Late/Partial Payments: If you do not pay the full amount of principal and interest by the agreed-upon payment date, you may be charged a new finance charge and payment date may be extended until your next pay date. This new finance charge may be a flat fee, or may be calculated by applying the proportionate amount of the finance charge to the unpaid loan amount. Review the late payment policy detailed in the loan documents provided to you by your lender before signing your e-signature, and thereby agreeing to the loan terms.

No-Payment: EZ Loans 123 does not enforce payment. If you do not pay, your lender may take legal action against you. Additional fees may apply to you in the event that you are unable to repay your loan. Information regarding your payment history, delinquency or defaults on the account may be reported to a third party consumer reporting agency and may impact your credit rating.

Loan Renewals: EZ Loans 123 will not provide a renewal for you. Your lender has renewal policies which will vary. With every extension or renewal, a new finance charge ("Extension Fee") may be assessed by the lender, and the re-payment date may be extended until the borrower's next pay date. The finance charges can be significant depending on the lender.

Collection Practices: Collections practices of lenders and/or any assignee(s) will be in accordance with the principles of applicable federal regulations. Lenders may attempt to contact borrowers via one or more authorized methods, including phone calls and emails, to arrange for payment. Impact to Credit Score: Your lender may report late or missed payments to the credit bureaus. This can negatively affect your credit score. Consumers with credit difficulties should seek credit counseling.

The operator of this website is NOT a lender, and we do not make credit or loan decisions. We provide a cash advance and personal loan online referral service on our website. If a customer is looking for a cash advance or personal loan online, we help connect them with a marketplace of companies who offer personal loans and cash advances. Our website features a secure form used to transfer information to lenders and aggregators within our marketplace. Marketplace participants will review your information and see if it meets their buying filters. The information they need in order to make their decision about each customer includes name, address, home and work phone numbers, and email address. They also need a customer's birth date and social security number to comply with the US Patriot Act. The operator of this website can be reached by mail at EZ Loans 123, 6709 W. 119th Street #338, Overland Park, Kansas 66209, or by email. Customers can contact us if they want to discontinue using our loan referral service, or to change their communication preferences. Any questions about cash advance or personal loan amounts should be directed to the company from which a customer obtained his or her cash advance or personal loan.

The operator of this website provides a referral service for customers looking for online cash loans. We do not make decisions about whether to offer any given customer a personal or installment loan. Instead, we connect customers who have filled out our secure online loan request form with our marketplace of lenders and aggregators that offer personal, installment, payday loans, or other financial options. Not all lenders can provide up to $40,000 or the amount of money you request.

After a user of this website submits his or her information onto the secure online loan request forms, the companies in our marketplace will review the user's information and decide whether or not to offer the user a loan. The secure online review process usually takes only a few seconds, and if one of the companies in our marketplace decides it wants to offer the user a loan, then that company will either contact the customer directly to offer him or her a loan, or the customer will be immediately redirected to the website of the loan company. If that happens, the customer should make sure to carefully review all of the terms about the loan before deciding whether or not to enter into a loan or credit agreement, especially since loan terms and conditions (including fees, APRs, and repayment) can vary significantly by company.

A user of this website is under NO obligation to enter into a loan agreement with any lender, and if a user of this website is contacted by a company and offered a loan, the user is free to accept or decline any such offered loan at that time.

It is important to review the codes of practice and policies on responsible lending of a specific personal loan company, before entering into a personal loan or cash advance agreement. These codes and policies might be different for each company that offers personal loans or cash advances, but representative general requirements of personal loan companies may include:

  • Monthly income equal to or exceeding $1000
  • Current, valid home and work phone numbers
  • Verifiable income for at least 4 weeks
  • Current bank account in individual's name

Generally speaking, a potential borrower must be 18 years of age, have a regular source of income and an open bank account that can accept direct deposits. Borrowers with less-than-perfect scores are also eligible to submit a request for a loan.

Qualified loan amounts can vary and are based on personal eligibility. Approved loan amounts can range between $100 to $40,000.

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THE OPERATOR OF THIS WEBSITE IS NOT A LENDER, does not broker loans to lenders and does not make cash advances or credit decisions. This Website does not constitute an offer or solicitation to lend. The operator of this Website is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product, but may receive compensation from the lender for forwarding your information to them. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the rates and fees may be higher than state-licensed lenders and you may be required to agree to resolve any disputes in a tribal jurisdiction. Additionally, your information may be going to an aggregator and not a lender. Your information can be sold multiple times leading to multiple offers from lenders, aggregators, and other marketers. Lenders and aggregators who buy your information may supplement it with additional information about you that they obtain from other sources. Not all lenders can provide your requested type of loan and/or loan rate or terms, and we make no promises that you will be able to obtain a loan. Cash transfer times may vary by lenders and local laws. Lenders may perform a credit check to determine your creditworthiness. In some circumstances faxing may be required. For details, questions or concerns regarding your cash advance, please contact your lender directly. Lenders are solely responsible to you for all aspects of any loan request or loan transaction, including compliance with all applicable laws and regulations relating to your loan request form and any agreement or disclosures relating to your loan request form or loan transaction (including any adverse action notices or Truth-in-Lending Act disclosures). Residents of Connecticut, New Hampshire, Washington, and Vermont are not eligible to submit a request for a cash advance on this Website. This service is not available in all states, and the states serviced by this Website may change from time to time and without notice. Short-term loans are an expensive form of credit and not a long-term financial solution. Please use short-term loans responsibly.

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