Frequently Asked Questions

oxfordwisefinance.com provides a marketplace service where your loan request is submitted to a network of reputable lenders. Our service is always free–there is never a cost to you for submitting an inquiry. Your lender will have its own rates and fees that will be provided to you before you accept the loan. oxfordwisefinance.com is not a lender and does not make credit decisions.

New customers may have questions about oxfordwisefinance.com, which is why we have compiled the most common
questions below. If you have a question that is not answered here, we are happy to answer your
questions.

If you have questions regarding a loan inquiry, approval, funded loan, payments or any other
question about a particular loan, please contact your lender or lending partner directly. If you
received a loan, you should already have the lender’s or lending partner’s contact information.
Since we are not the lender or lending partner, we cannot answer questions about pending or
approved loans.

What is a short term loan?

Personal loans might be called different things, but they’re all designed to provide you with temporary financial relief.

Who can qualify for a personal loan?

Most lenders or lending partners require you to:

Be employed in your current position for approximately 90 days or have another source of adequate and predicable income;
Be at least 18 years old, and a US citizen or a permanent resident;
Have an income of approximately $1,000 per month after tax withholdings; and
Have a valid email address, work phone number and home phone number.

How much can I borrow?

The amount a lender or lending partner is willing to give you depends on how the lender or
lending partner evaluates a number of factors, including your state of residence and
applicable legal restrictions (loans are not available in all states). Many lenders or
lending partners in our network will loan between $100 and $5,000.

How will I receive the loan money?

Once the lender or lending partner approves your loan and you accept the loan terms,
your loan will be deposited directly in your bank account, usually as soon as the next day.

If I have bankruptcy or bad credit, can I still get a loan?

Personal loans generally are offered for people with good credit, although each lender or
lending partner has its own underwriting policies. An alternative for those with bad credit
may be to seek a short-term consumer loan. If we cannot find a lender or lending partner
that can offer you a personal loan for the amount you requested, we will search our network
of short term lenders or lending partners to see if we can find a short-term lender or
lending partner for you.

How long does the process take?

It should only take a few minutes to complete our secure online form. After we receive
your information, we immediately start looking for a lender or lending partner that
is willing to work with you. You should have a response from one of our lenders or
lending partners within minutes. Final approval and funding is often done in as little
as 24 to 48 hours.

Will I need a printer or fax machine?

Some lenders or lending partners will ask for your permission to access your information
such as bank statements or income verification online, saving you from having to fax or
email copies of those documents. However, your lender or lending partner might need you
to fax or email a copy of your bank statement, paycheck stubs or other information. If
you do not have access to a scanner or printer, consider visiting Office Max, Kinkos or
another office service provider. You should also have access to a printer so you can print
a copy of your loan agreement. If you have questions after your loan is funded, you will
need your lender’s or lending partner’s contact information!

What is the cost of a short term consumer loan

There is no cost to use SiteName’s marketplace service. The actual cost of your loan
may vary by lender or lending partner. You will be provided information on the rates and
fees before you accept the loan. Personal loans are not designed as long term financial
solutions but are often less costly than late charges, NSF fees or reconnect fees for
overdue utilities. Please only accept a loan if you believe you have the ability to repay it.

If I already have an outstanding cash advance loan is it possible to get a new one?

You may be allowed to secure more than one personal loan at any given time, but this will
depend on your state’s laws as well as your lender’s or lending partner’s practices. If you
have an outstanding personal loan or other personal loan, you should let your new lender or
lending partner know about it before you accept a new loan.

When and how do I repay my loan?

If you have selected the convenient and secure ACH payment option,
your loan payment will be withdrawn from your bank account on its due date.
This option is designed for convenience and helps you avoid potential late fees or
default! If you need an extension on your loan, please contact your lender or lending
partner before you miss a payment (additional fees may be involved).

What happens if I’m late with a payment?

Each lender or lending partner has its own late payment policy and fees. Check your loan
documents for details or contact your lender or lending partner directly. Some states may
regulate or limit late fees.

How is my private information protected

We use industry-recognized security and advanced encryption technology to protect your
personal information. Your information is transmitted and stored securely in an encrypted
format. Please review our privacy policy for additional details.

When can I get another loan?

You can use our service to get a new loan at any time (subject, of course, to state law
restrictions). If you have recently taken out another personal loan that is still
outstanding, please inform your new lender or lending partner before accepting a new loan.

Is an extension possible on repaying my loan, and how many extensions can I get?

The rules on extensions or “rollovers” varies among lenders or lending partners and also
may be regulated by state law. Some states allow for multiple rollovers while others do not
allow it at all. If you need an extension on your loan, make sure to contact your lender or
lending partner before you miss any payments. Most lenders or lending partners will work
with you to help you avoid missing payments or defaulting on your loan.

What happens if I’m not able to repay my loan?

If you can’t make your loan payments on time, you may be in default of your loan
obligations. Late payments and loan defaults may adversely affect your credit and may
make it difficult to obtain future personal loans.

If you can’t make your payments on time, don’t ignore it! Talk to your lender or lending
partner ahead of time and see what they can do to help you make the best of the situation.

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Important Disclosures. Please Read Carefully.

This service is not available in all states. If you request a loan in a particular state where such loans are prohibited, or in a location where Oxfordwisefinance.com does not have an available lender, you will not be connected to a lender. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lender’s rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice.

This website is not an offer to lend. Oxfordwisefinance.com is not a lender and does not make loan or credit decisions. Oxfordwisefinance.com connects interested persons with a lender from its network of approved lenders. Oxfordwisefinance.com does not control and is not responsible for the actions or inactions of any lender, is not an agent, representative or broker of any lender, and does not endorse any lender. Oxfordwisefinance.com receives compensation from its lenders, often based on a ping-tree model similar to Google AdWords where the highest available bidder is connected to the consumer. Regardless, Oxfordwisefinance.com’s service is always free to you.

By submitting your information via this website, you are authorizing Oxfordwisefinance.com and its partners to do a credit check, which may include verifying your social security number, driver license number or other identification, and a review of your creditworthiness. Credit checks are usually performed by one of the major credit bureaus such as Experian, Equifax and TransUnion, but also may include alternative credit bureaus such as Teletrack, DP Bureau or others. You also authorize Oxfordwisefinance.com to share your information and credit history with a network of approved lenders and lending partners.

Lender’s Disclosure of Terms.

The lender you are connected to will provide documents that contain all fees and rate information pertaining to the loan being offered, including any potential fees for late-payments and the rules under which you may be allowed (if permitted by applicable law) to refinance, renew or rollover your loan. Loan fees and interest rates are determined solely by the lender based on the lender’s internal policies, underwriting criteria and applicable law. Oxfordwisefinance.com has no knowledge of or control over the loan terms offered by a lender. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Late Payments Hurt Your Credit Score

Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments.