Terms of Use

Terms & Conditions

Easy Payday Lenders

Important Notice

Installment loans from Easy Payday Lenders are not intended for long-term financial solutions. Frequent borrowing can lead to serious financial challenges. Please consider all other options before applying.

Promise to Pay

By accepting this agreement, you agree to repay Easy Payday Lenders the full principal amount of your loan, plus interest ranging from 299.96% to 799.00% APR, from the date of disbursement until paid in full. Payments are due as outlined in your Loan Payment Schedule. You also agree to cover any applicable fees detailed in this agreement.

Breakdown of Fees

As of December 1, 2019, interest rates range between 299% and 799% APR. Returned payment fees by state:

  • Delaware: $30

  • Idaho: $20

  • Louisiana: $30

  • Missouri: $20

  • Wisconsin: $15

  • South Carolina: $20

  • Texas: $20

  • Utah: $20

Interest Calculation

Interest accrues daily on the unpaid principal starting from the loan disbursement date. Interest is calculated on a 365-day year basis. Late or early payments will affect the final payment due based on the interest calculation.

We do not charge separate late fees, but unpaid balances will continue to accrue interest until they are paid. Charges and rates will never exceed the limits permitted under Utah law. Any overcharge will be refunded to comply with state regulations.

Payments

Your loan payments will be applied in this order:

  1. Outstanding fees

  2. Accrued interest

  3. Loan principal

Payments are debited from your authorized bank account on the due dates you’ve agreed upon. Please refer to the ACH Authorization for more details.

Prepayment Policy

You can repay your loan early, in part or in full, without any penalty. Early payments reduce your total interest, and the remaining schedule will continue unless the loan is paid off in full.

Right to Cancel (Rescind)

You may cancel your loan within three (3) business days after signing by contacting Easy Payday Lenders at (800) 516-7840 and providing written notice by 5:00 PM Central Time.

If we receive your cancellation:

  • Before the funds are deposited, we won’t proceed with the disbursement.

  • After the funds are deposited, we’ll debit the original principal from your account. If successful, your loan is considered canceled.

Returned Payments

If your payment fails due to insufficient funds or other banking issues, a $20 fee will be charged. We may attempt a one-time withdrawal for this fee. Your bank may also charge overdraft or NSF fees—we are not responsible for those.

Credit Reporting & Authorizations

You authorize Easy Payday Lenders to:

  • Obtain and review your credit report now or in the future.

  • Share loan performance details (including missed or late payments) with consumer reporting agencies.
    This may affect your future ability to borrow.

Credit Disputes & Identity Theft

Dispute inaccuracies or report identity theft in writing to:
Easy Payday Lenders, P.O. Box 101265, Fort Worth, TX 76185
Include your name, loan number, dispute explanation, and supporting documentation.

No Collateral

This loan is unsecured. No property or asset is required as collateral.

Refinance Policy

Loan refinancing is at our discretion and subject to credit review and state regulations.

Defaults

You may be in default if:

  • You provide false information.

  • A payment fails or is returned.

  • You file for bankruptcy.

If in default, we may:

  • Require immediate full payment.

  • Attempt a second debit if funds were previously unavailable.

  • Use legal collection methods allowed by state law.

Change of Address

Notify us of any change in your primary residence within 5 days.

Correspondence

Send all mail correspondence to:
Easy Payday Lenders, P.O. Box 101265, Fort Worth, TX 76185

Force Majeure

Unforeseen circumstances (e.g., natural disasters, system errors) may delay loan funding or payments.

Transfer of Agreement

We may assign this agreement or its rights to others without notice. You may not assign it to another party.

Successors & Assigns

This agreement binds both parties and any successors or legal representatives.

Servicing Communications

You authorize us to contact you using phone, SMS, voicemail, or email as outlined in your loan application or preferences, including for:

  • Payment reminders

  • Loan status updates

  • Collections or account-related matters

Governing Law

This agreement is governed by Utah state law, and the arbitration provisions by the Federal Arbitration Act (FAA).

Arbitration Agreement & Jury Waiver

By signing, you agree to resolve any dispute through binding arbitration instead of going to court. You waive the right to a jury trial and to participate in class actions.

Disputes may include:

  • Loan terms

  • Payments or defaults

  • Credit reporting

  • Any legal claim related to this agreement

You may opt out of arbitration within 60 days of loan approval by writing to:
Arbitration Opt-Out, Easy Payday Lenders, P.O. Box 101265, Fort Worth, TX 76185

Final Agreement and Acknowledgment

By signing electronically, you confirm that:

  • All information provided is true and accurate.

  • You agree to the loan terms, privacy policy, and arbitration clause.

  • You understand your rights, responsibilities, and the risks involved.

  • You are not in bankruptcy and do not intend to file for bankruptcy.

  • You can download or print a copy of this agreement.