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Print this pageMaster Agreement

The purpose of the National Cash Lenders Master Cash Advance / Line of Credit Agreement is to make you, our customer, fully aware and informed of all terms and conditions of our policies, as well as all federal regulations as required by law.

We value the opportunity to serve your needs and want you to be completely satisfied and comfortable in all transactions with National Cash Lenders.

FEDERAL DISCLOSURE REQUIREMENTS
Regulation B in Federal Law prohibits the consideration of Age, Sex, Race, Ethnicity, Gender, National Origin, or Handicap as a basis for making anyone a loan (as in our cash advance Program). National Cash Lenders, through its website does not discriminate based on any of these factors. In addition National Cash Lenders will not enter into or maintain vendor/reciprocal information service type relationships with anyone who does not conform to these anti-discriminatory practices.

Regulation Z in Federal Law requires the full disclosure of all costs and terms associated with any credit purchase or transaction (such as this cash advance / line of credit) and further requires that the costs associated with the transaction be expressed as an annual percentage rate of interest or A.P.R.. Below all costs, terms and rates associated with the National Cash Lenders cash advance / line of credit program are given.

Federal Truth in Lending Act (T.I.L.A.)

National Cash Lenders Terms and Conditions.

Cash Advance Amount
(Amount Financed)

Loan Origination Fee
(Finance Charge
At $20 per $100 Fee)

Total of Advance Transactions
(Total of Payments)
Term of Cash
Advance

Annual Percentage Rate
(A.P.R.)
1
2
3
4
5
$100.00
$20.00/$25.00
$120.00/$125.00
Due on your nearest payday (maximum of 15 days)
$200.00
$40.00/$50.00
$240.00/$250.00
$300.00
$60.00/$75.00
$360.00/$375.00
$400.00
$80.00/$100.00
$480.00/$500.00
$500.00
$100.00/$125.00
$600.00/$625.00
$600.00
$120.00/$150.00
$720.00/$750.00
$700.00
$140.00/$175.00
$840.00/$875.00
$800.00
$160.00/$200.00
$960.00/$1000.00
$900.00
$180.00/$225.00
$1080.00/$1125.00
$1000.00
$200.00/$250.00
$1200.00/$1250.00
$1100.00
$220.00/$275.00
$1320.00/$1375.00
$1200.00
$240.00/$300.00
$1440.00/$1500.00
$1300.00
$260.00/$325.00
$1560.00/$1625.00
$1400.00
$280.00/$350.00
$1680.00/$1750.00
$1500.00
$300.00/$375.00
$1800.00/$1875.00
$1600.00
$320.00/$400.00
$1920.00/$2000.00
$1700.00
$340.00/$425.00
$2040.00/$2125.00
$1800.00
$360.00/$450.00
$2160.00/$2250.00
$1900.00
$380.00/$475.00
$2280.00/$2375.00
$2000.00
$400.00/$500.00
$2400.00/$2500.00
1 Cash Advance Amount - This is the Amount Financed - The amount of cash advance or L.O.C. balance provided to you.
2 Loan Origination Fee - This is the Finance Charge - The dollar amount the cash advance L.O.C. will cost you.
3 Payment Total - The amount you will have to pay after you have made payment as scheduled.
4 Term - This is when the cash advance / L.O.C. total payment is due.
5 Annual Percentage Rate - The cost of your advance / L.O.C. loan principal balance as a yearly rate.

Line of Credit Payments
Upon your loan limit approval you will receive a TILA indicating the cost of the credit extended to you if you were to have the entire loan (credit) limit fully advanced for a period of one year. Due to the irregular draw / payments on a line of credit account your actual cost for the credit will vary but it will not exceed the stated TILA disclosure.

EXAMPLE:

Loan Balance: $500

Payment Term: 14 days

Fees and Interest Charged: $25 / $100 outstanding balance each 14 day period

APR = ((Loan Fee/Loan Amount) / (Loan Days/365) * 10000) / 100 = 651.78%

Fees are charged based on the amount of principal that is due upon the next payment period. Principal balance will be rounded up in increments of $100 to determine fees charged. EXAMPLE: If your loan balance is $450 the fee charged will be based on an outstanding loan balance of $500.

Disclosure of Data to Third Parties
If you choose to provide personal information, it will be used for the following purposes:

(1) Sharing of your information with trusted third parties, including but not limited to third-party consumer credit lenders.

(2) For marketing products and services which we determine, in our sole judgment, that you might find of interest. We reserve the right to share, rent, sell, or otherwise disclose data we collect to third parties. A third party we share, rent, sell, or otherwise disclose data to will be carefully prescreened by us, determined by us to be reputable, and will use the personal data for marketing products and services which we determine, in our sole judgment, that you might find of interest.

(3) When you provide your personal information through this FORM for the purpose of applying for a loan, NCL, LLC will withdraw your consent to the collection and use of your information by contacting:

National Cash Lenders
1-877-369-0505
CustomerService@nationalcashlenders.com

Sharing of Information on Behalf of Applicant
In addition, by providing your personal information to this website for the purpose of inquiring about a loan, you have asked us to put you in touch with potential providers of loans and lead providers, if we cannot provide you with a loan from our company. To that end, by agreeing to this Terms of Use and Privacy Policy you consent to NCL, LLC selling your personal information to lenders and other lead providers.

By entering your e-mail address and other contact details in your online application and by agreeing to this Privacy Policy, you consent to the entities in NCL, LLC network contacting you by phone, mail, or text message.

Our Right to Contact You
By using this website, or this FORM, you consent to us contacting you by phone or e-mail for marketing purposes or regarding your account status and changes to subscriber agreements, privacy policy, or any other policies or agreements relevant to you. By entering any information on our FORM, you are extending an express invitation to receive an offer, and any and all offers in the future via mail, telephone, email, SMS, text messaging or any other delivery method deemed appropriate by the us or the advertising party, regarding your request, or any other type of service deemed appropriate by us or our advertising partner, by contacting you at the telephone numbers, address, or email you have provided on your Service Request Marketing Form. You consent to the receipt of such phone calls regardless of whether you have placed you name or phone number on a federal or state “Do Not Call” network

Existing Business Relationship
The use of this FORM constitutes an existing business relationship between the owner of this FORM or any of its affiliates with whom it shares information in accordance with this Privacy Policy. The use of this FORM qualifies as consent to be contacted by, including but not limited to, telephone and email for changes in account status, changes in subscriber agreements, marketing opportunities, privacy policies and/or any other policies or agreements relevant to you or your account.

Anti Spam Policy: Can-Spam Act Compliance
We are dedicated to ensuring compliance with the United States federal 'Can-Spam Act', which took effect January 1, 2004. You may receive email from us in the following circumstances:

Acknowledging your application has been received and requesting additional action
Requests for additional information to support your current application
Response to your inquiries
Thanking you for your valued business
Advertisements for our products, services, changes in services, new product availability
Advertisements for third party products and services where we have determined that such product or service may be of interest to our customers

To ensure compliance with the Can-Spam Act, We have implemented the following guidelines for email delivery:
All emails sent to you by US will identify NCL, LLC as the sender.
The Subject Line of any email you receive will always accurately describe the subject matter of the email.
Any email from us includes the ability to unsubscribe from future email messages.
Unsubscribing will ensure the customer is removed from ALL lists at NCL, LLC. This excludes customer service emails, or email from our partners.

Extension of Payment Requirements
National Cash Lenders will allow you to extend the original cash advance under the following terms (Line of Credit payments can be extended with only the fee that is due, in addition to a minimum 5% principal payment, will be charged). An additional principal payment equal to or greater than 5% of the outstanding balance will be automatically debited and applied toward the principal loan balance with each extension request until the balance is paid in full on cash advances.

All extension of payment requests, must be submitted online and must be received BY 11 AM (EST) the business day prior to your original payment due date to be processed. We cannot accept extension requests by email.

Electronic Funds Transfer (EFT) Agreement and Disclosure
This authorization is for those single or multiple entries necessary to complete the original entries' authorization amount and may be resubmitted if the original entry is returned by the customer's financial institution. In the event the EFT is returned unpaid, an additional $30.00 Return Fee or maximum legal amount may be electronically withdrawn. It is agreed and authorized by the provided account holder of the financial institution to allow National Cash Lenders to debit each single payment in two individual ACH /EFT transactions. Your payment will be debited first for the principal portion of the payment and secondly for the fee portion of the loan payment. Our company policy is to allow any portion of your payment received to be applied to your account as a partial loan payment thereby reducing the likeliness of your account becoming severely overdue and in collections. Example: If your principal debit is honored and your fee portion is not, we will apply any loan proceeds collected first to fees and the balance to principal then reset your account to collect the amount in deficit along with your next scheduled repayment payment. This will allow your account to continue in good standing rather than move into a delinquency status and commence collections.

It is the policy of National Cash Lenders to expedite all debits and credits as soon as possible upon approval; however, unavoidable delays can result with the processing company as a result of inadvertent processing errors, acts of God, etc. Normal processing time should not exceed two (2) business days under most circumstances but may exceed that in extraordinary circumstances.

Pre-Authorized Electronic Funds Transfer Payments
With this EFT Agreement, which is part of the Master Cash Advance / Line of Credit Agreement, the customer authorizes National Cash Lenders, to initiate debit/credit entries to the customer's account for all payments due, including any returned unpaid item fees due, on which the subject of this agreement is drawn and the Financial Institution in which the account is held to debit/credit the same to such account. This authority is to remain in full force and effect until National Cash Lenders and the subject Financial Institution have received written notification from the customer of its termination in such time and in such manner as to afford National Cash Lenders and the Financial Institution a reasonable opportunity to act on it. You understand and agree that you may revoke this ACH/EFT authorization upon notification to do so and you have made alternative arrangements for repayment of your current loan. Loan repayment can be made via Western Union, Money Orders, Cashiers Checks, and Wire Transfers. To make alternative arrangements you agree to contact customer service two business days prior to your scheduled debit repayment date. This allows us to coordinate alternative repayment options and keep your account in good standing.

Further, by submitting the application form, the customer authorizes National Cash Lenders and the customer's current verified financial institution (even if the financial institution and/or account numbers are different than those on the original application) to initiate debit (ACH or bank draft) and credit entries as necessary when an original ACH/ EFT transaction is returned unpaid or unable to complete. The customer authorizes National Cash Lenders and/or assigned collection company to submit ACH/ EFT and/or bank draft debits for partial payments of lines of credit/ cash advances and fees (such partial payments shall be credited first to fees payable, then to cash advance / line of credit principal payable); as necessary to allow full repayment of the cash advance / line of credit and any/all associated fees to be completed. The customer authorizes National Cash Lenders (and its EFT Processor) to make electronic funds transfers (EFT), both debit and credit entries, to and from any bank account of the customers at any institution, from time to time, for fixed and variable amounts, including recurring transactions and point-of-sale transactions, according to the terms of the customer's agreement with National Cash Lenders. The customer understands and agrees that National Cash Lenders does not need to notify the customer prior to any recurring debit entry for a fixed amount, so long as those payments have been disclosed in the TILA document provided to the customer, or prior to any point-of-sale debit entry initiated by the customer, or prior to any credit item.

YOUR PROMISE TO PAY
You promise to repay the amount financed according to the Federal Truth-In-Lending disclosures. You acknowledge and agree that you are indebted to us in the amount of the Total of Payments (unless loan is paid early), and that the amounts set forth in the Federal Truth-In-Lending Disclosures are not in dispute.

You have made promise to pay us or to our order, (per your electronic signature on original advance application of Master Agreement) the payment(s) on the date indicated in the payment schedule, or if an extended payment request was submitted and processed, the total of payments on or after the next date your cash advance / line of credit comes due. You authorize us to effect this payment(s) by one or more ACH/EFT debits and or demand bank draft debit entries to your account of your financial institution (bank or credit union) until this cash advance / line of credit comes due.

You authorize us to effect this payment by one or more ACH/EFT debits and or demand bank draft debit entries to your account of your (bank or credit union) financial institution until this cash advance / line of credit note is paid in full. You have confirmed that you are not in bankruptcy proceedings, nor do you contemplate or plan on filing bankruptcy in the future. In the event, any portion of your scheduled ACH / EFT payment(s) is returned unpaid we will attempt to reschedule your payment for your next scheduled repayment date. If the rescheduled payment is not honored we will NOT attempt to collect via ACH payments again and your account will then be transferred to our collection department.

You promise to keep open and maintain an adequate balance in your account to assure all payments are made to us in a timely manner on the scheduled due date(s), until this cash advance/ line of credit note is paid in full. I agree and confirm this online cash advance / line of credit transaction payment is due on my next nearest pay date, unless an extension of payment request is submitted and accepted by National Cash Lenders LLC. An extension of payment fee will be debited on the original due date, and then the original advance amount plus original fee will become due in full on my next scheduled pay date (cash advances only).

If National Cash Lenders is unable to collect payment from your provided account for any reason to effect debit entries as agreed, you promise to pay us all sums you owe immediately, by making payment in full by using Western Union Quick Collect, cashier check, electronic wire or money order. If in default, you authorize National Cash Lenders and/or their designated collection agency to continue initiating ACH / EFT debit entries of your financial institution account for full and/or partial payments of cash advance / line of credit and associated costs as necessary until all total amounts owed are paid in full.

I agree, to the extent permitted by law that I will not bring, join, or participate in any class action or multi-plaintiff action as to any claim, dispute, or controversy I may have against National Cash Lenders LLC. I agree to the entry of injunctive relief to stop such a lawsuit or to remove myself as a participant in the suit. This agreement does not constitute a waiver of any of my rights and remedies to pursue a claim individually.

Arbitration: Both parties agree that any claim, dispute, or controversy between us, any claim by either party against the other or the agents, services, or assigns of the other are to be arbitrated on an individual basis, and it is not the intent of the parties that arbitration should proceed on a class basis. Rules and form of the NAF may be obtained and all claims shall be filed at any NAF office on the World Wide Web at www.arbforum.com or at P.O. Box 50131, Minneapolis, MN 55405. Any arbitration hearing, if one is held, will take place at a location near your residence. Your arbitration fees will be waived by the NAF in the event you cannot afford to pay them. This arbitration agreement is made pursuant to a transaction involving interstate commerce and shall be governed by the Federal Arbitration Act 9. USC Section 1-18. Judgment upon the award may be entered by any party in court having jurisdiction. Notice: Both parties have had the right or opportunity to litigate disputes through a court but we have agreed instead to resolve disputes through binding arbitration.

RETURN OF PAYMENT POLICY
If the customer's pre-authorized payment is returned to National Cash Lenders as uncollected due to NSF (non-sufficient/uncollected funds), the customer agrees to have payment automatically rescheduled for a repayment date (generally the following pay date) to include fees associated with the return, fees associated with the continued use of advanced amount for the additional period of time over the maximum allowed of 15 days, and the original advance plus fee, that will be presented to customers account with up to three (3) separate ACH/EFT transactions to obtain payment in full.

National Cash Lenders LLC will reschedule payments by ACH/EFT with subsequent additional fees incurred each time for the continued use of the original advance balance amount, together with previous returned payment fees a maximum of two (2) additional times in attempt to have all payments completed and have National Cash Lenders paid in full. If National Cash Lenders LLC is still unsuccessful in obtaining payment, and customer in default has not made payment of balance owed by agreed alternative methods, the account in default will be transferred to our designated Law Collection firm and litigation/collection procedures will begin. National Cash Lenders LLC may also file a claim for a civil judgment award against the customer with the National Arbitration Forum for all monies, fees, and costs associated with obtaining payment in full. Upon award of judgment against customer in default which is final and binding, the judgment award will be filed in the civil court in the jurisdiction of the defaulted customer's county of residence. The customer in default will be responsible for all additional costs associated with obtaining payment in full (National Arbitration Forum fees, collection fees, court and attorney fees, etc.)

If the customer's pre-authorized payment is returned to National Cash Lenders as uncollected due to any other reason, and customer has not contacted our office immediately upon notice, to obtain Western Union payment instructions, or other, and subsequent payment in full is not obtained, the customer's account may be forwarded to our collection Law Firm and collection procedures will begin immediately. The customers' defaulted account may also be transferred to the National Arbitration Forum where a claim for civil judgment will be filed against the customer in default. Upon award of claim, which is final and binding, the award of judgment will then be filed in the county court of your residence for payment in full. The customer in default, is responsible for all additional costs associated with obtaining payment in full (National Arbitration Forum fees, collection fees, court, and attorney fees). In addition, the customer in default will be reported to TeleTrack, TeleCheck, and SCAN.

As per the customer's signed agreement, all disputes of payment may also be forwarded to The National Arbitration Forum and a claim for judgment will be filed against the customer in default. Upon award of claim, which is final and binding, the customer in default will be responsible for all additional costs associated with obtaining payment in full ( National Arbitration Forum fees, collection fees, court and attorney fees). In addition, the customer in default will be reported to any or all of the following: TeleTrack, TeleCheck, Scan, TransUnion, Experian, and/or Equifax.

IF AN ACCOUNT HOLDER IS UNABLE TO HONOR THEIR LOAN AGREEMENT “AS AGREED TO”, WE WILL DEVELOP A “WORK OUT” PROGRAM AND CEASE THE ADDITION OF FEES. IT IS OUR INTENTION TO HELP YOU IN YOUR TIME OF FINANCIAL NEED. WE CAN MAKE A PAYMENT ARRANGEMENT OF ANY KIND THAT WILL HELP YOU TO COMPLETE YOUR OBLIGATION AND BE SUCCESSFUL IN IT. YOU MUST CONTACT OUR OFFICE IF THE NEED ARISES RATHER THAN IGNORE YOUR LOAN RESPONSIBILITY.

ADDITIONAL TERMS AND CONDITIONS OF THIS AGREEMENT
Prepayment: You may prepay your obligation under this Agreement in full at any time without penalty.

Method of Payment: Your electronic authorization in the amount of the Total of Payments stated in the Federal Truth-In-Lending Disclosures and dated as of the date indicated in the Payment Schedule stated in the Federal Truth-in-lending Disclosures (the "Payment Date") will be held by us until the Payment Date as security for this advance. You agree that we may debit your account for the Payment if you have not paid us in cash or by cashier's check, money order, or other immediately available funds the amount of Total Payments before noon (EST) on the Payment Date. If payment is made prior to the EFT/ACH payment date, we will cancel the electronic authorization at the time we receive payment.

Returned Payments: In the event your electronic payment of any amount due under this agreement, and upon presentment, is returned due to insufficient funds or credit, stopped payment, or closed account, or any other reason, we shall assess a $30 returned fee.

Documentation: I agree that electronic mail, electronic forms, records, photocopies, and /or facsimile copies of the documents I submit are valid and enforceable as the original. I agree that by typing my name as my electronic signature, it is acknowledged and understood that it constitutes an acceptance of all terms and conditions of the master cash advance / line of credit agreement and is valid and enforceable.

Prepayment: You may prepay all or any part of the amount due under this Agreement at any time without penalty. If the advance is prepaid before the final installment date, you shall receive a rebate of the unearned Finance Charge. The unearned portion shall be calculated on a pro-rata basis using a percentage derived by dividing the number of days from payment until maturity by the total number of days of the original loan term. NO rebate less than $5.00 is required.

By signing and submitting the application form, I understand and agree to all terms and conditions of this Master Agreement and by submitting the online information application by Internet, I am applying for a cash advance / line of credit loan and certify that information provided by me is true and correct under penalty of perjury. I agree that upon submission of my electronic signature, I am not presently involved in or contemplating bankruptcy now or in the future. I authorize you to verify the information in this application and hereby give National Cash Lenders consent to obtain information on me from a consumer reporting agency or other various means available. I understand National Cash Lenders reserves the right to decline an applicant at any time, with cause determined by judgment of risk, upon completion of due diligence of applicant. In order to process this application, I understand verification of the information I have provided is necessary, including, but not limited to, proof of residence, employment and bank account verification. I accept personal responsibility for safeguarding any PIN or CUSTOMER NUMBER that might be assigned to me.

(Be sure you fully understand the National Cash Lenders program and procedures before signing and submitting forms as acceptance. If you are unsure, please take time to review or contact a customer service representative to answer any questions you may have.)
   © Copyright 2013 National Cash Lenders.