Critical Notice: GODS WILLING PAY DAY LOAN, INC operates exclusively as a loan connection service. We do not lend money directly or make any lending decisions. Please read this disclaimer carefully to understand our role and your obligations.
1. Nature of Our Service
Loan Matching Platform
GODS WILLING PAY DAY LOAN, INC functions solely as an intermediary service that connects potential borrowers with our network of licensed lending institutions. Our role is limited to:
- Collecting and processing loan applications
- Matching borrowers with appropriate lending partners
- Facilitating initial contact between borrowers and lenders
- Providing customer support for the matching process
We Are Not a Lender: We do not fund loans, set loan terms, make credit decisions, or have any involvement in the actual lending process beyond the initial connection.
2. Loan Terms and Conditions
Available Loan Parameters
Through our network of lending partners, personal loans are typically available with the following general parameters:
Factors Affecting Your Loan Terms
The specific terms you receive will depend entirely on your individual circumstances and the lending partner's assessment, including:
- Credit History: Your credit score and past payment behavior
- Income Verification: Your ability to demonstrate stable income
- Debt-to-Income Ratio: Your existing financial obligations
- Employment Status: Job stability and length of employment
- State of Residence: Local regulations and lender availability
- Loan Duration: Shorter terms typically have lower total costs
3. No Guarantee of Approval or Terms
Application Does Not Equal Approval
Submitting an application through our platform provides no guarantee of:
- Loan approval from any lending partner
- Specific loan amounts or terms
- Particular interest rates or APR
- Funding within any specified timeframe
- Access to our advertised loan ranges
Individual Results Vary: Each lending partner has their own underwriting criteria, and approval rates vary significantly based on individual creditworthiness and financial circumstances.
Multiple Lender Network
Our network includes various types of lending institutions, each with different:
- Qualification requirements
- Interest rate structures
- Fee schedules
- Repayment terms
- Customer service standards
4. Understanding Your Financial Obligation
Total Cost Transparency
Before accepting any loan offer, you will receive complete disclosure of:
- Principal Amount: The actual money you will receive
- Annual Percentage Rate (APR): The true cost of borrowing per year
- Total Repayment Amount: The full amount you will pay over the life of the loan
- Monthly Payment Schedule: Exact payment amounts and due dates
- All Fees: Origination fees, processing fees, and any other charges
- Late Payment Penalties: Costs associated with missed or late payments
Example Loan Scenarios
5. Your Rights and Responsibilities
Before Accepting Any Loan
You have the right and responsibility to:
- Review All Terms: Carefully read every document before signing
- Ask Questions: Request clarification on any unclear terms
- Compare Offers: Evaluate multiple offers if available
- Consider Alternatives: Explore other financing options
- Understand Consequences: Know the penalties for late or missed payments
- Plan for Repayment: Ensure you can afford the monthly payments
Cooling-Off Period
Many states provide a "right of rescission" allowing you to cancel a loan within a certain period (typically 3 business days) after signing. Check your state's specific laws and your loan agreement for details.
6. Platform Modifications and Changes
Right to Modify Terms
We reserve the right to modify various aspects of our service at any time, including:
- Application processes and requirements
- Lending partner network composition
- Available loan amounts and terms
- Platform functionality and features
- Service availability by geographic region
No Obligation to Maintain Service
We may, at our sole discretion:
- Suspend or discontinue our service temporarily or permanently
- Remove lending partners from our network
- Change qualification criteria for applicants
- Limit service availability in certain states
7. State-Specific Variations
Regulatory Differences
Lending regulations vary significantly by state, affecting:
- Maximum Loan Amounts: Some states limit loan sizes
- Interest Rate Caps: Maximum allowable APR varies by state
- Term Restrictions: Minimum and maximum repayment periods
- Fee Limitations: Restrictions on origination and other fees
- Cooling-Off Periods: Right to cancel loan agreements
- Collection Practices: State-specific debt collection laws
State Compliance: All loans facilitated through our platform comply with applicable state lending regulations, which may be more restrictive than our general terms.
8. Credit Impact and Reporting
Credit Inquiries
When you submit an application:
- We may perform a "soft" credit inquiry that doesn't affect your credit score
- Lending partners may perform "hard" credit inquiries that can temporarily lower your score
- Multiple inquiries within a short period may have a cumulative impact
- Each lender has different credit inquiry practices
Loan Performance Reporting
Once you have a loan:
- Payment history may be reported to major credit bureaus
- On-time payments can help improve your credit score
- Late or missed payments will likely damage your credit score
- Defaulted loans can severely impact your creditworthiness
9. Potential Risks and Considerations
Financial Risks
Before proceeding with any loan, consider these potential risks:
- Debt Burden: Monthly payments will reduce your available income
- Credit Impact: Missed payments can severely damage your credit score
- Fee Accumulation: Late fees and penalties can significantly increase total cost
- Refinancing Temptation: Multiple loans can create unsustainable debt levels
- Income Changes: Job loss or reduced income can make repayment difficult
Alternative Solutions
Before taking out a loan, consider these alternatives:
- Emergency savings or budget adjustments
- Assistance from family or friends
- Credit union loans with potentially better terms
- Payment plans with creditors or service providers
- Community assistance programs
- Side income opportunities
10. Limitation of Liability
Platform Limitations
Our liability is limited to facilitating connections between borrowers and lenders. We are not responsible for:
- Lending decisions made by our partners
- Terms and conditions offered by lenders
- Lender customer service or business practices
- Loan performance or repayment issues
- Technical issues that may affect applications
- Changes in lender availability or terms
Final Reminder: This disclaimer contains crucial information about our services and your potential financial obligations. By using our platform, you acknowledge that you have read, understood, and agree to the terms outlined above. Always borrow responsibly and only what you can afford to repay.