DEFERRED DEPOSIT LOAN FEE SCHEDULE
Annual Percentage Rate. The following table illustrates the APR* applicable for typical Deferred Deposit Loans available to residents of California
|TOTAL OF PAYMENTS
|Loan Term||Loan Term|
|14 days||30 days|
*ANNUAL PERCENTAGE RATE: The APR is the cost of your loan expressed as a yearly rate. The APR is based on example loan terms of one payment (“Total of Payments”) due in 14 and 30 days. The APR will increase if the actual loan term is shorter than these examples, and will decrease if your loan term is longer.
Returned Payment Charge: If your payment is returned to us unpaid for any reason, you will be charged a one-time returned payment charge of $15.
Virtual E, Inc DBA Checkmate is licensed by the Department of Financial Protection and Innovation pursuant to the California Deferred Deposit Transaction Law
No Criminal Prosecution: You cannot be prosecuted or threatened with prosecution in a criminal action for a returned check in connection with a deferred deposit transaction.
Installment Loan Fee Schedule
* Loan Amounts available from $100 to $1,000, subject to approval
* Monthly or Bi-Weekly Payments available
* 3 Month and 5 Month loans terms available
* Refinances available. Restrictions apply.
Annual Percentage Rate. The following table illustrates the APR* applicable for typical Installment Loans available to residents of Colorado:
Example 3 Month loan:
|Acquisition Charge (New Loan)||Monthly Maintenance Fee @ 3 months||Payment @ 3 Months*||‘APR*’|
Example 5 Month loan:
|Acquisition Charge (New Loan)||Monthly Maintenance Fee @ 5 months||Payment @ 5 Months*||‘APR*’|
* Your payment amount and your APR will vary based on your origination date, your payment dates, and your loan amount.
Questions, comments, or complaints
If you have questions or comments about a loan, please call us at 1-866-722-CASH or (1-866-722-2274)
You may also send us an e-mail message email@example.com Or you may write us at
Checkmate P.O. Box 35220 Phoenix, AZ 85069-5220
LOAN RATES AND FEES
BELOW IS GENERAL INFORMATION REGARDING ALL RATES AND FEES THAT WIILL ASSIST YOU IN MAKING YOUR LOAN DECISION. IF YOU HAVE ANY QUESTIONS, OR WOULD LIKE MORE INFORMATION, PLEASE ASK. MAKE CERTAIN THE QUESTIONS THAT YOU ASK ARE ANSWERED. MAKE CERTAIN YOU UNDERSTAND THE TERMS AND COSTS OF YOUR LOAN.
ANNUAL PERCENTAGE RATE (APR)
The cost of your credit is a yearly rate. APR is a combination of the interest rate plus the fees charged on your loan. APR is higher than the interest rate because it includes both fees and interest as finance charges.
Your actual terms and the Annual Percentage Rate (APR) will be determined at the time your application is submitted and will be based upon your application and credit information. Not all applicants will qualify for the lowest rate.
Under New Mexico law, the APR for a loan in an amount of $5,000 or less made pursuant to the Small Loan Act of 1955 or the Bank Installment Loan Act of 1959 cannot exceed one hundred and seventy-five percent, effective January 1, 2018.
A list of all additional fees that you may be charged.
|Delinquency Fee (Late Fee)||5% of each installment payment with a maximum of $10.00|
DEFERRED DEPOSIT LOAN FEE SCHEDULE
The following table illustrates the APR* applicable for typical Payday Loans available to residents of Washington
|Total of Payments
|Loan Term||Loan Term||Loan Term|
|7 days||14 days||30 days|
*ANNUAL PERCENTAGE RATE: The APR is the cost of your loan expressed as a yearly rate. The APR is based on example loan terms of one payment (“Total of Payments”) due in 7, 14, and 30 days. The APR will increase if the actual loan term is shorter than these examples, and will decrease if your loan term is longer.
Returned Payment Charge: If your payment is returned to us unpaid for any reason, you will be charged a one-time returned payment charge of $25.
IMPORTANT INFORMATION ABOUT YOUR LOAN
YOUR RIGHT TO AN INSTALLMENT PLAN WHEN YOU ARE UNABLE TO PAY YOUR SMALL LOAN WHEN IT IS DUE. IF YOU WILL BE OR ARE UNABLE TO PAY YOUR LOAN WHEN IT IS DUE, YOU MAY CONVERT YOUR LOAN TO AN INSTALLMENT PLAN WITH US BY NOTIFYING US ON OR BEFORE THE LOAN’S DUE DATE. IF YOUR LOAN AMOUNT IS FOUR HUNDRED DOLLARS OR LESS, YOU MAY ENTER INTO AN INSTALLMENT PLAN THAT ALLOWS YOU TO PAY OFF YOUR LOAN IN SUBSTANTIALLY EQUAL PAYMENTS OVER NINETY DAYS. IF YOUR LOAN AMOUNT IS MORE THAN FOUR HUNDRED DOLLARS, YOU MAY ENTER INTO AN INSTALLMENT PLAN THAT ALLOWS YOU TO PAY OFF YOUR LOAN IN SUBSTANTIALLY EQUAL PAYMENTS OVER ONE HUNDRED EIGHTY DAYS. AN INSTALLMENT PLAN WILL ALLOW YOU TO PAY ALL THAT YOU OWE WITHOUT HAVING TO PAY ANY ADDITIONAL FEES, INTEREST CHARGES, OR OTHER CHARGES FOR CONVERTING YOUR SMALL LOAN INTO AN INSTALLMENT PLAN. IF YOU WOULD LIKE TO REQUEST AN INSTALLMENT PLAN, WE MUST RECEIVE YOUR REQUEST ON OR BEFORE THE LOAN DUE DATE OR EXTENDED DUE DATE (WHICHEVER IS LATER), AND YOU MUST EXECUTE THE INSTALLMENT PLAN AGREEMENT AT OUR LOCATION ON OR BEFORE THE BUSINESS DAY IMMEDIATELY FOLLOWING THE DAY OF THE REQUEST.
YOUR RIGHT TO RESCIND (CANCEL) THIS LOAN. YOU HAVE THE RIGHT TO RESCIND THIS LOAN BY RETURNING THE AMOUNT OF THE LOAN IN CASH OR RETURNING THE CHECK GIVEN TO YOU BY US TO OUR OFFICE BY THE CLOSE OF BUSINESS ON OUR NEXT BUSINESS DAY FOLLOWING THE DATE OF THIS LOAN. WE MAY NOT CHARGE YOU FOR CANCELING THE LOAN AND WE WILL RETURN TO YOU, OR AT YOUR REQUEST DESTROY ANY POSTDATED CHECK OR ELECTRONIC EQUIVALENT AUTHORIZATION YOU HAVE GIVEN TO US. IF THE ACH OR OTHER ELECTRONIC EQUIVALENT AUTHORIZATION CANNOT BE DESTROYED IT BECOMES VOID IF YOU CANCEL THE LOAN.
AT THE TIME YOU REPAY THIS LOAN, YOU SHOULD HAVE SUFFICIENT FUNDS TO MEET YOUR OTHER FINANCIAL OBLIGATIONS. IF YOU CANNOT PAY OTHER BILLS BECAUSE YOU ARE PAYING OFF THIS DEBT, YOU SHOULD GO INTO THE INSTALLMENT PLAN OFFERED IN CONNECTION WITH THIS LOAN.