At , we respect the privacy of our customers and are committed to protecting their information on our websites. Our Customer Information Privacy Principles serve as standards for all employees for collection, use, retention, and security of individual customer information.

Information Security and Beyond

Our primary goal in collecting personal information is to provide you with a smooth, efficient, and customized experience. You can browse our site without identifying yourself, or revealing any information about you or your company. By using our services, or providing information on our website, you consent to the collection, use, and disclosure of your personal information as described in this policy.

Customer Information Privacy Principles:

Restrictions on the Type of Customer Data Collected

We limit the amount and type of customer information we collect, and retain only that which is required to establish and manage customer accounts, understand customer needs, provide customer services, offer new products and services, and comply with legal and regulatory requirements.

Employee Access

We limit employee access to customer information to those with a legitimate business need for the information. We have policies, procedures, employee orientation, and communication programs designed for the protection of customer information.

Accuracy of Customer Information

We have implemented internal controls and procedures designed to keep and report customer information as accurately and completely as possible. We respond promptly when a customer notifies us their information is not accurate.

Disclosure of Customer Information

We limit the disclosure of customer information, and collect and use only the information needed for legitimate business purposes.

If we contract with a company to perform specific services that require us to provide them access to customer information, we require that company to maintain the confidentiality of customer information.

We continuously assess our business practices to ensure our customer privacy is protected.

Security

We use advanced technology and information management techniques to implement security, audit, and control programs designed to protect customer information.

We protect the privacy of customer information sent to and from our web-sites using SSL (Secure Socket Layer) Technology to ensure your personal information cannot be accessed during transmission to our servers.

We also use SSL authentication technology to confirm the identity of both the computer ending, and the computer receiving your information. This safeguard keeps unauthorized people and companies from accessing your information.

Privacy of Children

We are committed to protecting the privacy of children. We do not knowingly or intentionally collect personal information online from children under the age of 18.

Opt-Out

You may remove your information from our database at any time. If you remove your information from our database, it will no longer be used by us for secondary purposes, disclosed to third parties, or used by us or third parties to send promotional correspondence to you. You may remove your information by sending your request in writing via email to contactus@oneloanplace.net.

PLEASE PRINT AND RETAIN A COPY OF THIS AGREEMENT FOR YOUR RECORDS.


Date Updated: 06/07/2015

Loan Option disclosure:


Our personal loan lenders may offer payment terms from twelve to a maximum of eighty-four months. Our lenders offer annual percentage rate (APR) from 4.79% to a maximum annual percentage rate (APR) of 35.99%. Our lenders DO NOT offer short term or payday loans.

We are not the direct lender. We have lenders in most states and work to connect you with the best available options based on your current situation.


Here is an example of the cost of a loan for a person with an excellent credit profile:
If you take a $10,000 loan for a five year term at 8% interest rate with a 3% origination fee, you would receive $9,700 ($10,000 less the $300 origination fee) and would make sixty monthly payments of approximately $202.76 which equates to an APR of 8.69%. The total cost of the loan would be $12,165.60.


We are partnered with multiple national lenders and all credit situations are considered. Additional information offered below:

APR, INTEREST RATE, and ORIGINATION FEES

An APR shows you the cost of borrowing money on a yearly basis. It can help you quickly compare different loans or credit cards on an apples-to-apples basis. The APR on a personal loan can include both the interest rate and origination fee. The origination fee may also be deducted from your loan proceeds, and there is usually no fee if you do not receive a loan.
The Annual Percentage Rate (APR) is the rate at which your loan accrues interest, and is based upon the individual lender's program. All terms and conditions for any loan for which you qualify will be presented before you submit your application. APRs vary from 4.79% to 35.99% for unsecured personal loans.
For example, If the origination fee is deducted and you receive a $6,000 36-month loan at an interest rate of 6.99% with a 2% origination fee of $120.00, you could receive a loan amount of $5,880.00 and make 36 monthly payments of approximately $185.24 at an 8.36% APR. In the case of a $20,000 60-month loan at an interest rate of 7.62% with a 3% origination fee of $600.00, you could receive a loan amount of $19,400.00 and make 60 monthly payments of approximately $401.90 at an 8.91% APR. Your actual monthly payment usually varies based on the APR, loan amount and term selected.

Credit Implications

Our participating lenders may verify your social security number, driver's license number, national ID, or any other state or federal identification, and review your information against national databases to include, but not limited to, Equifax, Transunion, Experian, Teletrack, or DP Bureau to determine credit worthiness, credit standing and/or credit capacity. Some of our participating lenders will not perform credit checks with the three major credit reporting bureaus. When third parties check your credit score, it can lower your credit score. We will make every effort to only present programs that qualify and benefit your situation, and in hopes, help increase your chances of getting a loan with our lenders. Credit checks or consumer reports through alternative providers such as Teletrack or DP Bureau, typically will not affect your credit score. By submitting your registration through this website, you agree to allow participating lenders to verify your information and check your credit as described in their policies and terms.

Implications of Late Payments

Each lender has its own criteria and policy when it comes to late payments. This may include additional fees and interest, and may result in reports to the three major credit reporting bureaus causing your credit score to be lowered. Before you agree to a loan, be sure you have read and understand the implications of making late payments. Also, each state has rules and regulations in place that lenders must follow when assessing fees for late payments.

Implications of Non-Payment & Collection Practices

If you do not make the payments on your loan, you may be responsible for additional fees and interest and collection costs. This may lower your credit score. Lenders are required by federal and state laws to use fair practices in their collection actions for a loan that has not been repaid. Lenders should comply with the following practice:

  • Not contacting you by phone before 8 am or after 9 pm
  • Not harassing you or using abusive language towards you over the phone
  • Not using deception to try to collect money from you
  • Not threatening you with legal action if it is not permitted

We will only allow lenders who are reputable and maintain their reputations actively; however, if you find any behavior that is not professional, or you feel is predatory, we need and want to know immediately. We are your advocate and your experience with us is paramount to the success of our company. We appreciate your trust in us to help you with your loan needs.