Responsible Lending

PaydayLoansWichita is committed to protecting borrowers from illegal lending practices performed by illegal installment loan lenders and to providing borrowers with enough awareness to help them make safe and responsible credit decisions.

Truth in Lending Act

Our rules and practices strictly follow the guidelines established by Fair Lending Laws, one of which is the Truth in Lending Act. Borrowers will be presented with the precise charges, fees, interest rate, rollover provisions and other information regarding their loan in writing before they accept a loan. You can check the appropriate rules and regulations in your state by using the Consumer Resource Center.

Fair Lending

According to the Dodd-Frank Wall Street Reform Act, every lender, including installment loan financiers, should participate in fair lending.тАЭ This means consumers must have just, reasonable and equal access to loans. This Act also requires lenders to strictly follow fair lending regulations with the participation of the Consumer Financial Protection Bureau (CFPB). Borrowers who use PaydayLoansWichita are encouraged to protest through a complaint with the CFPB if there is any problem concerning their loan.

Fair Debt Collection Practices

As required by the Federal Trade Commission, PaydayLoansWichita follows all the requirements of the Fair Debt Collection Practices Act (FDCPA) for all borrowers. PaydayLoansWichita does not actually lend money, but connects our borrowers with a network of lenders. We require all lenders in our network to follow these guidelines with regard to communicating with borrowers:

  • Not to communicate with borrowers by telephone before 8:00 in the morning or after 9:00 in the evening.
  • Not to upset, harass or use offensive language when communicating with borrowers.
  • Not to deceive borrowers with any form of falsification while attempting to collect debt.
  • Not to make legal threats to borrowers without the legal authority to do so.

If a lender is found to have violated any of these guidelines or any other FDCPA statutes, PaydayLoansWichita will cease doing business with them and report them to the FTC.

Reporting Scams

PaydayLoansWichita is committed to assisting consumers in reporting illegal and unethical acts performed by installment loan lenders and swindlers who take advantage of consumers. Consumers can establish an online community through the online forum SCAM REPORT to communicate with each other and are encouraged to report any illegal acts to concerned agencies like the Better Business Bureau.

State Guidelines

PaydayLoansWichita and our network of lenders adhere to all state regulations and laws regarding consumer lending. We demand strict compliance from our lenders with regard to interest rates, rollover restrictions and charges, cool off stages between credits, presentment boundaries and more.

Our Pledge to Inform Consumers

PaydayLoansWichita offers our users free access to abundant information resources compiled by our team of financial specialists. Our Consumer Resources section offers thorough descriptions and facts about lending laws and regulations in all 50 states. You can read your states existing laws and learn about the different agencies that aim to protect consumers, as well as find options for installment loans in your specific state.