Responsible Lending Policy

Effective Date: 06.25.2025

At PayDay Cash Advance by Liberty, we believe in building trust, transparency, and financial awareness. As a loan connection platform, we are committed to partnering only with lenders who follow responsible lending practices and comply with all applicable laws.

While we are not a lender, we actively work to ensure that users are matched with financial institutions that prioritize fair, clear, and ethical treatment of borrowers.

1. Transparent Loan Terms

All lending partners in our network are required to clearly disclose full loan details before you commit. This includes:

  • The total cost of the loan, including Annual Percentage Rate (APR)

  • A clearly defined repayment schedule, including dates, number of payments, and payment amounts

  • Any applicable fees, such as origination charges, late fees, or prepayment penalties

  • Terms related to early repayment or default consequences

We encourage all users to carefully review every term before accepting any loan offer. You can always consult our AI-powered financial assistant for help understanding key terms.

2. Regulatory Compliance

We work exclusively with lenders who comply with all relevant U.S. laws and consumer protections, including but not limited to:

  • Truth in Lending Act (TILA) – ensures borrowers receive accurate cost disclosures

  • Equal Credit Opportunity Act (ECOA) – prohibits discriminatory lending

  • State-level regulations – including caps on APR, loan amounts, and repayment terms, where applicable

Note: PayDay Cash Advance by Liberty does not offer services to residents of New York due to local lending restrictions.

3. Promoting Financial Responsibility

We believe users should make informed borrowing decisions. That's why PayDay Cash Advance by Liberty provides:

  • A budget tracker to help monitor income and categorize expenses

  • A loan request history log so you can keep track of previous inquiries and statuses

  • Access to an AI assistant that answers loan-related questions anytime

We encourage users to:

  • Fully understand any loan offer before agreeing

  • Consider whether they can comfortably meet repayment obligations

  • Seek professional financial advice if uncertain

  • Evaluate alternative solutions before committing to short-term loans

4. Ethical Collection Practices

We expect lenders in our network to adhere to the Fair Debt Collection Practices Act (FDCPA), including:

  • No harassment, threats, or abusive contact

  • No false or misleading claims

  • No communication at inappropriate hours

  • Respect for borrowers’ rights to dispute debt and request verification

While PayDay Cash Advance by Liberty is not involved in collection practices, we monitor the conduct of our lending partners and encourage ethical communication at all stages of the borrowing process.

PayDay Cash Advance by Liberty’s Role

We act solely as a referral and connection platform. We do not:

  • Set loan terms or conditions

  • Guarantee loan approval

  • Control lender decisions or behavior

We carefully vet our lender network, but each lender operates under their own terms and conditions. Users should perform their own due diligence before entering into any financial agreement.

For questions about your loan, you must contact your lender directly. For questions about our platform, features like the budget tracker or AI chat, or assistance navigating offers, feel free to reach out to our support team.