The information above reflects rates and terms available through Big Picture Loans.
We know that each applicant has a unique credit situation, so we analyze all of the information provided and the applicant’s credit data to assess if that applicant meets our minimum loan criteria. We use multiple underwriting techniques including a risk model method called “Risk-Based Pricing” which allows us to offer different interest rates and loan terms based on the individual consumer’s creditworthiness. Among other credit criteria, we may look at factors such as credit score, credit history and income. We are an equal credit opportunity lender, so we do not consider factors such as race, color, national origin, religion, gender, marital status or age. If you are offered terms less favorable than other borrowers, based on any part of your credit history, we will provide you a Risk-Based Pricing notice. We will not approve a loan application if we cannot establish that you meet certain credit criteria. For more information on Risk-Based Pricing you can visit the Federal Trade Commission website at https://www.ftc.gov/tips-advice/business-center/guidance/using-consumer-reports-credit-decisions-what-know-about-adverse.
Late Fees: If a scheduled payment is late more than ten (10) days after its due date, a consumer may incur a late charge not to exceed $20 per occurrence.
Example: A $1,000 loan, repayable in 13 bi-weekly installments, having an APR of 344.85%, would consist of 12 payments of $174.95, and a final payment of $175.08 if each of the scheduled payments are made in accordance with the Payment Schedule in the loan agreement. Information valid as of May 2019.