Responsible Lending

Our commitment to ethical, transparent, and responsible lending practices

Our Commitment to Responsible Lending

At HonestLend, we believe that responsible lending is not just good business practice – it's the right thing to do. We are committed to helping our customers make informed financial decisions while providing the emergency funding they need.

Transparent Pricing

We offer a fixed 14% APR on all our payday loans with no hidden fees or surprises. Our pricing is clearly disclosed upfront, so you know exactly what you'll pay before you accept the loan.

  • Fixed 14% Annual Percentage Rate (APR)
  • No hidden fees or charges
  • Clear, easy-to-understand loan terms
  • No prepayment penalties

Affordability Assessment

Before approving any loan, we assess your ability to repay based on your current income and expenses. We don't rely solely on credit scores – we focus on your current financial situation.

Flexible Repayment Options

We offer flexible repayment terms ranging from 14 days to 6 months, allowing you to choose a schedule that works with your budget and pay schedule.

Financial Education

We provide resources and information to help our customers make informed financial decisions:

  • Clear explanations of loan terms and conditions
  • Budgeting tips and financial guidance
  • Information about alternatives to payday loans
  • Resources for financial counseling services

Customer Support

Our customer support team is available to help you understand your loan terms, answer questions, and work with you if you experience financial difficulties.

Regulatory Compliance

We comply with all applicable federal and state lending regulations, including:

  • Truth in Lending Act (TILA)
  • Fair Credit Reporting Act (FCRA)
  • Equal Credit Opportunity Act (ECOA)
  • State-specific lending regulations

Alternatives to Consider

Before taking a payday loan, consider these alternatives:

  • Emergency savings fund
  • Credit union loans
  • Payment plans with creditors
  • Assistance from family or friends
  • Side income opportunities
  • Community assistance programs

When Payday Loans Make Sense

Payday loans can be a helpful financial tool when:

  • You have a genuine emergency expense
  • You have a clear plan to repay the loan
  • You've considered all other alternatives
  • The loan amount fits within your budget

Important: Only borrow what you can afford to repay. If you're struggling with debt, consider speaking with a nonprofit credit counseling service.

Contact Us

If you have questions about our responsible lending practices or need help with your loan, please contact us:

  • Email: support@honestlend.com
  • Phone: 1-800-HONEST-LEND
  • Hours: Monday-Friday 8 AM - 8 PM EST

Borrow Responsibly with HonestLend

Transparent terms, fair rates, and genuine support when you need it most.