Legal Information

Legal

This page contains some helpful information about this website, personal loans and how they are regulated by the US legislation. All the facts provided here are given for guidance only. We’d also like to point out that some of them are subject to a change. For this reason it’s better to check legal details once in a while by using governmental and other relevant sources that cover the status of short-term loans.

Please, read the information below BEFORE you submit a loan request.

What is a personal loan?

A personal loan is an unsecured loan you give back in predetermined payments. They are designed to deal with emergencies and unexpected purchases. They shouldn’t be viewed or used as a panacea to all problems. If handled poorly, a personal loan may morph into a rather expensive financial solution.

Are personal loans legal?

Personal loans are legal, indeed. However, every state has its own standards and regulation regarding online lending, that’s why it’s always a good thing to check information with the authorities of your state.

Is LAON a lender?

No. We are not involved in the lending process, we do not lend money or approve requests and we certainly do not insist or recommend that you borrow them. Our role is simple – to function as a bridge between you, our user, and lenders from our network. If you want to learn more about us, visit pages for our Privacy Policy and Terms of Use. They contain legal information about us.

I’m not satisfied with my loan terms. What do I do?

Talk to your lender. As we stated above, we aren’t involved in the lending process and we hold no information about agreements you make with lenders. We have no access to terms and fees that lenders offer. Our page for Rates and Fees may shed more light on this issue.

Are personal loans safe to take?

They are safe to take when you know what responsible lending and borrowing is. To learn more about this matter, please, visit our page for Responsible Lending.

Can a foreigner apply for a personal loan through your platform?

Only residents of the United States may access our platform.

I’m seventeen. Can I use your website to submit a request?

We do not render our services to minors.

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2016 - 2020 All Rights Reserved © LAON.US

Legal Disclaimer:
LAON IS NOT A LENDER AND IS NOT INVOLVED IN THE LENDING PROCESS. THE WEBSITE FUNCTIONS AS A FREE ONLINE PLATFORM THAT ESTABLISHES A CONNECTION BETWEEN A USER AND A LENDER. LENDERS ON THIS PLATFORM MAY OFFER PERSONAL LOANS FROM $100 TO $35000. WE DO NOT PROMOTE OR REPRESENT PARTICULAR LENDERS; HENCE, WE DO NOT HAVE ANY CONTROL OVER LENDERS. THEIR OFFERS, TERMS, ACTIONS AND INACTIONS ARE BEYOND OUR RESPONSIBILITY. WE DO NOT GUARANTEE THAT YOU WILL BE CONTACTED BY A LENDER OR THAT YOU WILL BE SATISFIED WITH TERMS AND CONDITIONS OF A LOAN OFFER MADE TO YOU BY ONE OF THE LENDERS. WE ALSO DO NOT ENCOURAGE YOU TO AGREE TO THESE OFFERS. CONCLUDING A LOAN AGREEMENT WITH A LENDER AND GIVING YOUR E-SIGNATURE TO A DEAL IS YOUR DECISION AND YOUR RESPONSIBILITY. LAON MAY NOT BE AVAILABLE IN ALL STATES AND ITS AVAILABILITY IS SUBJECT TO CHANGE.
ALL THE INFORMATION YOU CAN FIND ON LAON IS GIVEN “AS IS” AND IS SUBJECT TO CHANGE. YOU ACCESS IT VOLUNTARILY AND AT YOUR OWN RISK.
WE RESERVE THE RIGHT TO SHARE YOUR PERSONAL INFORMATION WITH OUR PARTNERS, AFFILIATES, PARTICIPATING LENDERS IN ACCORDANCE WITH OUR MARKETING PRACTICES AND PRIVACY POLICY.
OUR VIEWS, GOALS, POLICY, TERMS AND CONDITIONS ARE CLEARLY EXPRESSED IN THE CORRESPONDING SECTIONS OF THIS WEBSITE. BY ACCESSING AND USING LAON YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD AND AGREED TO THEM. WE ALSO RESERVE THE RIGHT TO MODIFY THEM WHEN WE FIND RELEVANT TO DO IT WITHOUT NOTIFICATION.
Сredit Check:
YOU UNDERSTAND THAT SOME LENDERS MAY CHECK YOUR PERSONAL INFORMATION AND REVIEW YOUR CREDIT WORTHINESS. THEY MAY TURN TO NATIONAL DATABASES AND CREDIT REPORTING AGENCIES. SOME OF THESE INQUIRIES MAY AFFECT YOUR CREDIT SCORE.
NOTE THAT THE AMOUNT THAT A LENDER MAY OFFER ALSO DEPENDS ON LOCAL REGULATIONS AS LEGISLATION OF SOME STATES LIMITS LENDING TERMS AND CONDITIONS.
Consumer Notice:
PERSONAL LOANS ARE LOANS. THEY ARE NOT DESIGNED FOR DEALING WITH EXTENSIVE FINANCIAL DIFFICULTIES. IF HANDLED POORLY, THEY MAY TRANSFORM INTO A RATHER EXPENSIVE CREDIT OPTION. IF YOU EXPERIENCE SERIOUS BUDGET DIFFICULTIES, CONSULT CREDIT PROFESSIONALS FIRST. YOU ARE UNDER NO OBLIGATION TO USE OUR SERVICES.