Responsible Lending Commitment

Effective Date: April 30, 2025

At Lender Compare Network LLC, we are committed to promoting transparency, integrity, and consumer protection in every aspect of our services. While we do not directly provide loans, we strive to maintain the highest ethical standards when connecting borrowers with third-party lenders. This Responsible Lending page outlines our guiding principles, borrower protections, and the standards we require of our lending partners.

1. Our Role and Purpose

Lender Compare operates a free, digital loan comparison platform designed to help individuals in the United States find personal loan offers of up to $2,500. Our service provides users with access to a network of vetted third-party lenders and financial partners who may extend credit based on the applicant’s creditworthiness, financial status, and other factors.

We are not a lender. We do not issue loans, make credit decisions, set interest rates, or approve or deny loan applications. Instead, our role is to facilitate connections between borrowers and potential lenders in a secure, transparent, and responsible manner.

2. Ethical Lending Partner Standards

We only work with Lending Partners who share our commitment to responsible lending and compliance with applicable laws and regulations. Each lender in our network must agree to adhere to the following principles:

• Provide clear, truthful, and accurate disclosures about all loan terms, including interest rates (APR), repayment schedules, total loan cost, and all applicable fees.
• Comply with all applicable federal and state consumer lending laws, including the Truth in Lending Act (TILA), Fair Credit Reporting Act (FCRA), Equal Credit Opportunity Act (ECOA), and the Dodd-Frank Act.
• Avoid deceptive marketing tactics or hidden charges that could mislead borrowers.
• Honor borrower rights to full disclosure, early payoff options, and the ability to decline any offer without penalty.
• Implement data privacy and cybersecurity standards to protect user information.
• Ensure that repayment terms are fair and within a borrower’s reasonable ability to repay.

3. Promoting Financial Awareness

We believe that financial literacy is central to responsible borrowing. Lender Compare encourages users to educate themselves on credit scores, budgeting, debt-to-income ratios, and the long-term implications of taking on new debt. The more informed you are, the more empowered you’ll be when choosing a loan product.

As part of our platform, we provide access to:

• Clear explanations of APR, fees, and repayment terms
• Sample loan scenarios to illustrate costs over time
• Tips for comparing offers and avoiding predatory terms
• Reminders to read all lender disclosures before accepting a loan

4. Assessing Borrower Ability to Repay

We require all lenders in our network to make loan offers based on a reasonable assessment of the borrower’s ability to repay. This includes reviewing income, creditworthiness, employment status, existing debts, and other relevant financial indicators.

We do not support lending practices that place consumers at risk of default, rollover debt, or prolonged financial hardship. Loan offers should be appropriate, transparent, and affordable based on the user’s financial profile.

5. Encouraging Responsible Borrowing

While we help users explore short-term financial options, we caution borrowers to consider the necessity and implications of taking out a personal loan. Responsible borrowing means:

• Borrowing only what you need — not the maximum amount you qualify for
• Evaluating whether you can realistically afford the monthly payments
• Reading the fine print and understanding your total repayment obligation
• Comparing multiple loan offers before choosing one
• Avoiding repeated borrowing to cover previous debt obligations

6. No Obligation or Pressure to Borrow

Lender Compare is a comparison tool — not a sales engine. You are under no obligation to accept any loan offer presented to you through the App. In fact, we encourage you to take the time you need to evaluate all terms and consult with a financial advisor or trusted source if you have questions or concerns before proceeding with a loan.

You are always in control of your financial decisions, and there are no penalties or fees for declining an offer.

7. Credit Implications

Loan applications may involve a credit check by the lender. While many initial matches involve a soft credit inquiry (which does not affect your credit score), completing a loan application with a lender may involve a hard inquiry, which could impact your credit score slightly. All credit inquiries are conducted by the lender, not Lender Compare.

Additionally, missing payments or defaulting on a loan may harm your credit standing and result in collections activity. Always review the payment schedule and understand the consequences of late or missed payments before accepting a loan.

8. Federal and State Consumer Protections

As a U.S.-based platform, Lender Compare and its Lending Partners must comply with a broad set of federal and state laws that protect you as a consumer. These laws include:

• Truth in Lending Act (TILA): Requires lenders to clearly disclose loan terms and total costs.
• Equal Credit Opportunity Act (ECOA): Prohibits discrimination in lending based on race, sex, age, or other protected characteristics.
• Fair Credit Reporting Act (FCRA): Governs how your credit information is used and accessed.
• State Consumer Lending Laws: May place limits on APR, term length, or fees based on your residence.

If you believe a lender has violated your rights, you can contact your state Attorney General’s office or file a complaint with the Consumer Financial Protection Bureau (CFPB).

9. How We Vet Lending Partners

Before any lender is allowed onto our platform, we require them to demonstrate:

• Valid state and/or federal licensing
• Compliance with regulatory lending practices
• Transparent fee and APR structures
• Secure data handling and encryption protocols
• No history of predatory lending or unfair collection practices

We reserve the right to suspend or terminate relationships with any lender who violates our standards or engages in unethical behavior.

10. Need Help Understanding a Loan Offer?

If you receive a loan offer through the Lender Compare App and have questions or concerns, we encourage you to:

• Contact the lender directly for clarification on terms or repayment details
• Request additional disclosures or documentation before signing
• Reach out to a nonprofit credit counselor or financial advisor
• Use our educational resources to better understand the loan structure

You may also contact our support team for general assistance in navigating the App or understanding how lender matching works. Please note that we cannot offer legal or financial advice.

11. Our Pledge to You

At Lender Compare, we believe in:

• Helping users access short-term financial solutions with dignity and safety
• Respecting your time, your privacy, and your financial goals
• Never pressuring you to accept a loan you don’t understand or cannot afford
• Providing a fair, secure, and transparent platform free of hidden motives

We welcome your feedback and strive to improve the platform continuously to meet the highest standards of user care, accessibility, and fairness.

12. Contact Information

If you have questions or concerns about our Responsible Lending practices, or you would like to report an issue with a lender or partner you encountered through our platform, please contact us at:

Lender Compare Network LLC
Email: support@lendercomparenetwork.top
Support Hours: Monday – Friday, 9:00 AM – 5:00 PM EST