Are There Obligations to Using a Broker for a Loan?

December 2, 2018

When going through a program like MaxCash’s auto loan processing service, knowing what you’re agreeing to is important. The obligations and requirements for a loan are important details to keep track of when looking to obtain a loan. Especially through MaxCash’s auto loan processing service.

When you use MaxCash’s free loan processing service, what are your obligations in doing so? What do you agree to when you sign up for their auto loan financial referral service program?

What Does MaxCash’s Auto Loan Processing Service Entail?

What exactly does MaxCash’s auto loan processing service involve? What is the process like? Keep reading for an in-depth look into the 4-step process and how our services could benefit you.

  1. Apply for a Loan – When you’re looking to obtain an auto loan, there’s no better option than MaxCash. In order to apply with MaxCash, you’ll need to head to their website and go to their inquiry page, which you can find here. Once you’re at the right part of the website, you’ll need to provide MaxCash with some information on you and your financial situation. The information they’ll need from you is your contact information, estimated monthly income, and vehicle information. Once they have that, they’ll be able to get to work.
  2. MaxCash Gets to Work – Now that you’ve handed over all the necessary information to MaxCash, they can start contacting lenders for you. Rather than require you to search online for your own loans, MaxCash’s auto loan processing service will do the legwork for you. We’ll go down our list of our individual lenders and partnered companies and see which ones may be interested in partnering with you and lending you funds.
  3. Loan Offers – Once MaxCash has found a lender that has reviewed your financial information and agreed to give you a loan, MaxCash will haggle with the lender which may mean better terms and rates. After comparing loan offers, they will then get in contact with you as a representative of the lender, or they’ll give the lender the information needed to contact you directly.
  4. Agreement and Fund Delivery – Once you’ve accepted a loan offer, you and the lender will go over the loan details before signing the contract. With that all taken care of, the last step will be picking up your funds. Lenders may offer various methods to receive your money including receiving direct deposit, having a check sent in the mail, or by going to a participating store to pick up the money in person. Regardless of how you choose to receive your money, pat yourself on the back, because you’ve just finished getting yourself a proper auto loan via MaxCash’s auto loan processing service program. Rather simple process, no?

The Loan Obligations

So, the other shoe must drop eventually, right? There must be a catch right? Surely MaxCash’s auto loan processing service can’t be all it’s cracked up to be? Well, what if I told you that MaxCash’s service was completely free? That you could start the process, just by accessing their website? Because it is!

That’s right, there’s no real “obligation” to MaxCash’s auto loan processing service. The only obligation is that there are no obligations! It’s just that good of a service! You could enjoy the ease of letting MaxCash search for a loan for you, if you qualify, without you having to ever lift a finger.

So how does MaxCash make money then? If they don’t charge for their amazing service and the only money exchange is seemingly between the lenders and the borrowers, where does that leave them? The secret lies in the relationship between MaxCash and their partnered lenders. See, when a lender signs up for MaxCash’s auto loan processing service, they enter into an agreement with MaxCash to uphold the following:

  • Honesty and Transparency: MaxCash takes the safety of its clients very seriously, and as a result, cracks down hard on any breaches of trust. If a lender breaks that vow of trust or attempts to take advantage of a customer and MaxCash finds out, it’s a safe bet that that lender won’t be recommended any longer.
  • Providing a Good Deal: Because of MaxCash’s partnership with these lenders, we expect that they’ll try to give the best deal possible to the clients we provide them with. MaxCash makes money because lenders pay us to deliver clients to them. In turn, we then trust that the clients we deliver to these lenders, free of charge or ad revenue, will be well treated.
  • Rapid Service: MaxCash prides itself on providing excellent service at excellent speeds to its customers, and we ensure that our partnered lenders do the same. They promise that, if a client qualifies for a loan, they could get them funding within a business day, and they ensure lenders meet those deadlines.

So, in the end, it turns out that there are obligations that occur when using a broker. But none of those obligations are yours! The only obligations involved are on the part of the possible lender and MaxCash, meaning there’s no long, involved process of steps and hurdles you must worry about when working with MaxCash’s auto loan processing service.

So what are you waiting for? Hop in and join MaxCash’s auto loan processing service today!

The MaxCash website does not offer or provide loans, but rather, it offers a service. It should not be construed as a lending agent or broker. The site does not endorse any lenders and does not charge visitors any fees. The website owners do not evaluate potential lenders’ applications, nor do they approve or deny credit. The MaxCash website does gather applicants’ personal information and transmits it to lenders that are part of the site’s lending network. No one is required to make use of this website, nor are they under any obligation to begin contact with site operators or to attempt to secure a loan with any of the site’s lending partners. Transmission of your financial and personal information on the website in no way obligates lenders to offer you a loan or any other kind of credit product. Be aware that cash transfer times can vary, depending on the lender and the bank you use. It may be necessary to fax information under certain circumstances. All questions about loans, and any concerns you may have should be directed to your lender. These loans are intended as short-term financial solution to satisfy borrowers’ needs for immediate monetary relief. This is not intended to be part of a long-term financial plan for individuals. These services are not offered in all states. Potential borrows may undergo credit check if lenders choose to use any of the major credit reporting bureaus, including Equifax, Trans Union and Experian. They may also use other alternative sources to check credit ratings. Your request for a loan constitutes your agreement and acknowledgement that (A) your personal data may be shared with lenders and perhaps other third-party partners, and (B) lenders can acquire credit bureau reports that detail your credit history. Reports from major credit bureaus, such as Equifax, Experian and TransUnion may be obtained and used to evaluate your reliability as a borrower.

1Loan amounts by the lenders vary based on qualifications.

2Since we do not lend money directly we cannot offer you a solicitation for a loan. In all serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans are not available in all states and all areas.

3Loans such as, Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan. Other types of loans may have pre-payment penalties as well.

4All lenders are responsible for their own interest rates and payment terms. Max Cash has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

5The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you. Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time, in the circumstance for an auto title loan. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically, larger loans or higher risk loans use a GPS.

In some circumstances faxing may be required. Use of your cell phone to receive updates is optional. Please review our privacy policy.

Loans such as Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long-term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

Signature and personal loans are only available in Georgia and Florida. Loan amounts differ at locations. Account approval requires satisfaction of all loan eligibility requirements, including a credit inquiry, and, if applicable, motor vehicle appraisal.

Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

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