Policy On Responsible Lending
The goal of BeatPersonalDebt.com is to provide a reliable service while adhering to the best possible procedures. We commit to Responsible Lending by offering free rate quotes and partnering only with the most reputable lenders in the industry—those who comply with all FDCPA statutes. If a lender is found to be in violation of these statutes or any other FDCPA regulations, BeatPersonalDebt.com will immediately stop working with them and report the matter to the FTC and CFPB. If you have any questions, please feel free to contact us.
Truth In Lending Act
Each lender offers different loan terms, such as loan amount, APR, and repayment schedules. By federal law, each lender must clearly present these terms—including rates and all associated fees—before you sign the loan agreement. Carefully review all loan details, and remember that you are under no obligation to accept a loan until you agree with and e-sign the agreement. Learn more about e-signatures.
Fair Lending
All lenders must comply with the Fair Lending Act, ensuring all applicants have fair, equitable, and nondiscriminatory access to credit. If you believe a lender has violated this act, you have options. Two U.S. government agencies regulate and enforce the Fair Lending Act: the Federal Trade Commission and the Consumer Financial Protection Bureau. The Dodd-Frank Wall Street Reform Act also mandates that all lenders engage in “fair lending,” defined as fair, equitable, and nondiscriminatory access to credit for consumers.
Fair Debt Collection Practices
BeatPersonalDebt.com is not a lender and does not participate in debt collection. Your lender will provide detailed information about their collection practices in the loan documents. If you have concerns, we encourage you to address them directly with your lender before signing. We work only with lenders that use fair and legal methods to handle delinquent accounts, including:
– NOT contacting consumers by phone before 8 a.m. or after 9 p.m.
– NOT contacting consumers with intent to annoy, harass, or use abusive language.
– NOT using deception or misrepresentation to collect debt.
– NOT threatening legal action when none is permitted.