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Responsible Lending Policy

Effective Date: April 11, 2025

At Cash Wave Lending LLC (“Cash Wave,” “we,” “us,” or “our”), we believe that responsible lending is essential to helping consumers achieve financial health and stability. Although we are not a lender and do not make credit decisions, we are committed to working exclusively with third-party lenders (“Lenders”) who adhere to responsible lending practices.

This Responsible Lending Policy outlines the principles we expect from our lending partners and the guidelines we follow to protect consumers.

1. Commitment to Fair and Transparent Lending

We require all Lenders offering loans through our platform to operate transparently and in compliance with all applicable federal, state, and local lending laws and regulations. This includes, but is not limited to:

  • Providing clear, accurate, and complete disclosure of all loan terms before any agreement is signed, including interest rates (APR), fees, repayment terms, and total cost of the loan.

  • Ensuring that marketing and loan offers are not deceptive, misleading, or confusing to consumers.

  • Presenting all loan offers with a written loan agreement that users can review and accept voluntarily.

2. Evaluation of Borrower’s Ability to Repay

Cash Wave requires its lending partners to assess each applicant’s ability to repay a loan based on a reasonable evaluation of their creditworthiness. Lenders are expected to consider factors such as:

  • Current income level

  • Employment status

  • Credit history and credit score

  • Existing financial obligations

We strongly discourage lenders from offering loans to consumers who are unlikely to be able to meet their repayment obligations without undue hardship.

3. No Predatory Lending Practices

Cash Wave has a zero-tolerance policy toward predatory lending practices. We expect all Lenders to:

  • Avoid issuing loans with excessive interest rates, hidden fees, or abusive repayment terms.

  • Refrain from practices such as loan flipping (encouraging repeated refinances) or aggressive collection tactics.

  • Offer loan products that are appropriate for the borrower’s needs and financial circumstances.

Any Lender found to engage in predatory practices will be removed from our platform immediately.

4. Borrower Responsibility

We encourage all users to borrow responsibly and consider the following before accepting any loan offer:

  • Borrow only the amount necessary to meet your financial needs.

  • Carefully review the loan agreement, including repayment schedules and total repayment amounts.

  • Evaluate whether the monthly payments fit comfortably within your budget.

  • Avoid using loans as a long-term financial solution for ongoing expenses.

Cash Wave recommends that users seek independent financial advice if they are unsure whether a loan offer is suitable for their situation.

5. Loan Terms Example

To promote transparency, we provide users with representative examples of loan terms they might encounter. For instance:

  • If you borrow $200 for a term of 12 months at an Annual Percentage Rate (APR) of 11.5%, your estimated monthly payment would be approximately $17.78. Over the life of the loan, the total repayment amount would be approximately $213.38, with a total interest cost of approximately $13.38.

Please note that this example is for illustrative purposes only. Actual loan offers may vary depending on the Lender’s evaluation of your credit profile and other factors.

6. Our Role and Limitations

Cash Wave is not a lender and does not make loans or credit decisions. We do not guarantee that users will be approved for a loan or that loan offers will have favorable terms. Our role is to facilitate the connection between consumers and Lenders, and we rely on Lenders to follow responsible lending practices.

Users must independently review and understand the terms of any loan offer before agreeing to it.

7. Updates to This Policy

Cash Wave may update this Responsible Lending Policy from time to time to reflect changes in our practices or applicable laws. Updates will be posted on our platform with the effective date indicated at the top of the page.

We encourage you to review this Policy regularly to stay informed about our responsible lending principles.

8. Contact Information

If you have any questions or concerns about this Responsible Lending Policy or a loan offer you received, please contact us:

Cash Wave Lending LLC
Email: help@cashwavelending.com