Loan Disclosures

Important information about installment loans

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About Money Tree Loans

Money Tree Loans is not a lender. We are a connection service that matches borrowers with potential lenders in our network. When you submit a request through our service, we share your information with lenders who may offer you installment loan products. All loan decisions, terms, and rates are determined by the lenders, not by Money Tree Loans.

Loan Amounts and Terms

Lenders in our network may offer installment loans with the following general parameters:

  • Loan amounts: $200 to $5,000
  • Loan terms: 65 days to 84 months
  • APR range: Representative APRs typically range from 4.95% to 35.95% APR (always below 36%)

Your actual loan amount, term, and APR will be determined by the lender based on your credit profile, income, and other factors. Not all borrowers will qualify for the lowest rates or longest terms.

APR Explanation

APR (Annual Percentage Rate) represents the total cost of borrowing on a yearly basis, including interest and certain fees. The APR you receive will depend on factors including:

  • Your credit history and credit score
  • Your income and employment status
  • The loan amount and term you request
  • State regulations in your location
  • The lender's own underwriting criteria

Representative Loan Example

Here is an example to illustrate how an installment loan might work:

Example: A loan of $2,000 with an APR of 18% and a term of 24 months would result in 24 monthly payments of approximately $99.85, for a total repayment amount of $2,396.40. This example is for illustrative purposes only. Your actual terms may vary.

Funding Timing

Funding speed varies by lender and depends on several factors:

  • Time of day you are approved
  • Your bank's processing times
  • The lender's disbursement procedures
  • Whether additional verification is needed

While funding can be as soon as same day where available, not all applicants will qualify for same-day funding. Many borrowers receive funds within 1-2 business days.

Repayment Information

Installment loans are repaid in regular scheduled payments over the life of the loan. Key points about repayment:

  • Payments are typically due monthly
  • Each payment includes both principal and interest
  • Making payments on time helps build positive credit history
  • Late or missed payments may result in fees and negative credit reporting
  • Some lenders may offer autopay discounts

Late Fees and Penalties

If you miss a payment or pay late, the lender may charge late fees as permitted by state law. Late or missed payments can also:

  • Result in additional interest charges
  • Damage your credit score
  • Lead to collection activities
  • Result in legal action in severe cases

If you anticipate difficulty making a payment, contact your lender immediately to discuss your options.

Prepayment

Many lenders allow you to prepay your loan without penalty, which can save you money on interest. However, prepayment policies vary by lender. Review your loan agreement to understand your lender's prepayment terms.

Loan Renewal and Rollovers

Installment loans are designed to be repaid according to the original payment schedule. Renewals and rollovers may not be available or may be restricted by state law. Repeatedly renewing or rolling over a loan can result in significantly higher costs.

Responsible Borrowing

Before accepting a loan offer, consider:

  • Can you afford the monthly payment with your current budget?
  • Have you reviewed and understood all terms and fees?
  • Have you considered alternatives such as payment plans, borrowing from family, or community assistance programs?
  • Is this loan the best solution for your financial situation?

Only borrow what you need and can afford to repay.

State Availability

Our services are available to residents of most U.S. states. However, we do not currently serve residents of:

  • New York (NY)
  • Arkansas (AR)
  • West Virginia (WV)
  • Vermont (VT)

Loan terms, rates, and regulations vary by state. The lenders in our network comply with all applicable state and federal lending laws.

Credit Impact

Your credit may be checked during the loan request process:

  • Soft inquiries: Initial checks that don't affect your credit score
  • Hard inquiries: May be performed if you proceed with a lender's offer, which can temporarily impact your credit score

Successfully repaying an installment loan can help build positive credit history, while missed payments can harm your credit score.

Complaints and Concerns

If you have concerns about a lender's practices or your loan:

  • First, contact the lender directly to resolve the issue
  • You may file a complaint with your state's financial regulatory agency
  • You may file a complaint with the Consumer Financial Protection Bureau (CFPB) at consumerfinance.gov

Additional Resources

For more information about installment loans and financial wellness:

Contact Us

If you have questions about our service or need assistance, please contact us:

Email: contact@moneytreesloans.com
Support available via email only
Replies within 24 hours (Mon–Fri)

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