A revolving line of credit from Cashland Online is a great way to access cash if you run into a financial crunch. Before getting a loan it is important that you understand the terms and rates below.
|Interest Rate and Interest Charges|
|Annual Percentage Rate||9.00%|
|Transaction Fee||30% of the amount of the transaction|
|Over the Limit Fees||$16.50|
|Late Fee||5% of the balance or $22.00, whichever is greater|
|Returned Check Fee||$25.00|
|Stop Payment Fee||$25.00|
How We Calculate Your Balance: We use a method called "average daily balance" (including new transactions).
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.
Example: You receive an advance in the amount of $500. The 30% transaction fee is $150. Your total amount to be repaid will be $650. Your repayment amount is due on your designated due date that coincides with your payday for your convenience. However, the full amount of the loan does not have to be paid at one time. You have the following options on your due date:
- Pay your loan in full.
- Initiate a new cash advance for the balance of your loan, obtain the advance, pay the balance due on the prior advance, the transaction fee and APR and the process repeats.
- Pay any amount towards the principal balance of your loan, initiate a new cash advance for the remaining balance, obtain the advance, pay the balance due on the prior advance, the transaction fee and APR, and the process repeats.
Prepaid CashlandOnline MasterCard®:
The following fees are associated with choosing the prepaid MasterCard option:
- $3.95 Monthly Fee
- PIN Transaction Fee $.50
- ATM Fee $2.00
- ATM Balance Inquiry $.50
Optional beneficial services are available, visit www.cashpass.com for details.