Responsible Lending Policy

1. Commitment to Responsible Lending

MY P Finance LLC is committed to promoting responsible lending practices and supporting informed financial decision-making. Although we are not a lender and do not make credit decisions, we recognize our role in the financial ecosystem and take seriously our responsibility to connect users with providers that demonstrate lawful, ethical, and consumer-friendly lending behavior.

We believe that access to credit should be fair, transparent, and free from predatory practices. Our platform is designed to help users compare loan options, understand terms clearly, and make informed choices. We continuously evaluate our partner network and strive to maintain high standards that protect consumers while facilitating access to legitimate financial products.

2. Our Role as a Platform

Borrow Money Instantly: MyFima operates as a loan-matching service. We do not originate loans, set interest rates, or determine eligibility. Instead, we provide a platform where users can submit loan requests and receive offers from independent third-party lenders. Understanding this distinction is important:

• We facilitate connections between borrowers and lenders; we do not lend money ourselves
• All loan terms, including APR, fees, and repayment schedules, are set by the participating lenders
• We do not guarantee approval or specific terms; each lender evaluates applications independently
• Our responsibility extends to platform integrity, user education, and partner vetting—not to the lending relationship itself

3. Core Principles

Our responsible lending framework is guided by the following principles, which inform how we design our platform, select partners, and communicate with users:

3.1 Consumer Protection

We prioritize user understanding and safety. This means providing clear information about how our service works, what to expect when applying for a loan, and where to turn for help. We aim to ensure that users are not surprised by terms, fees, or obligations after accepting an offer.

3.2 Fair Pricing

We expect our partner lenders to avoid deceptive or misleading cost disclosures. All costs—including interest, fees, and total repayment amounts—should be presented clearly before a user commits. We do not support hidden fees, bait-and-switch tactics, or pricing structures designed to confuse borrowers.

3.3 Transparency

We believe in ensuring clear presentation of loan terms and obligations. Users should be able to understand the full cost of borrowing, their repayment schedule, and their rights and responsibilities. We encourage lenders to use plain language and to make key terms prominent and accessible.

4. Standards We Promote

We expect participating lenders to uphold the following standards. While we cannot control lender behavior directly, we use these criteria when evaluating and maintaining our partner relationships.

4.1 Required Practices

We expect participating lenders to:

• Clearly disclose APR, fees, and repayment terms before the user accepts an offer
• Comply with applicable federal and state lending laws, including usury limits, licensing requirements, and consumer protection regulations
• Provide loan agreements in understandable language, avoiding unnecessary legal jargon where possible
• Avoid misleading or coercive practices, including pressure tactics or false promises of approval
• Maintain fair and lawful debt collection practices, including compliance with the Fair Debt Collection Practices Act (FDCPA) where applicable
• Respect user privacy and handle personal information in accordance with applicable privacy laws

4.2 Prohibited Practices

We prohibit partnerships with lenders that engage in, or have a pattern of:

• Undisclosed or deceptive pricing, including hidden fees or charges not disclosed before acceptance
• Unlawful collection practices, such as harassment, threats, or misrepresentation of debt
• Misrepresentation of loan approval, costs, or terms
• Targeting vulnerable populations with unfair or abusive products
• Violating state or federal lending laws or regulations
• Failing to provide required disclosures or failing to honor disclosed terms

5. Due Diligence and Partner Evaluation

We conduct ongoing due diligence on our partner lenders to the extent practicable. This may include reviewing licensing status, compliance history, consumer complaints, and industry reputation. We reserve the right to discontinue relationships with lenders that do not meet our standards or that pose a risk to users.

However, we cannot guarantee that every lender will always comply with all applicable laws or our expectations. Users are encouraged to review each lender's terms, privacy policy, and reputation independently before accepting any offer.

6. Borrower Guidance

Responsible borrowing starts with informed decisions. We encourage users to consider the following guidance before applying for a loan:

6.1 Borrow Only What You Need

Borrow only what is reasonably needed to address your financial situation. Larger loans mean higher interest costs and longer repayment obligations. Assess your actual need and avoid borrowing for discretionary spending when possible.

6.2 Review Repayment Obligations Carefully

Before accepting any offer, review the full repayment schedule. Understand your monthly payment amount, total cost of the loan, and due dates. Ensure that the payments fit within your budget and that you can meet them without defaulting.

6.3 Consider Alternatives

Consider alternatives to borrowing when available. These may include negotiating payment plans with creditors, seeking assistance from family or friends, using savings, or exploring community resources and hardship programs. A loan may not always be the best solution.

6.4 Seek Help When Needed

If you are experiencing financial hardship or difficulty repaying a loan, seek financial counseling or assistance. Nonprofit credit counselors, the National Foundation for Credit Counseling (NFCC), and other resources can help you develop a plan. Ignoring the problem often makes it worse.

7. Predatory Lending Warning

Predatory lending refers to practices that take unfair advantage of borrowers, often through excessive fees, misleading terms, or pressure to refinance repeatedly. Users should be aware of the following warning signs:

• Excessive fees or interest rates that seem disproportionate to the risk or that are not clearly disclosed upfront
• Pressure to refinance or "roll over" a loan repeatedly, which can trap borrowers in a cycle of debt
• Misleading marketing that promises guaranteed approval, no credit check, or unrealistic terms
• Unclear or confusing terms that make it difficult to understand the true cost of the loan
• Aggressive collection tactics that include threats, harassment, or misrepresentation of legal rights

If you believe you have been subjected to predatory or unfair lending practices, you may report your concerns to:

• Your state's Attorney General or consumer protection office
• The Consumer Financial Protection Bureau (CFPB) at consumerfinance.gov
• The Federal Trade Commission (FTC) at ftc.gov

You may also contact us at [email protected] to report concerns about lenders connected through our platform. While we cannot resolve disputes between you and a lender, we take such reports seriously and may use them to evaluate our partner relationships.

8. Compliance and Regulatory Framework

We operate in accordance with applicable federal and state laws governing loan matching services, consumer protection, and financial services. Our practices are informed by regulations including, but not limited to:

• Truth in Lending Act (TILA) and Regulation Z
• Fair Credit Reporting Act (FCRA)
• Gramm-Leach-Bliley Act (GLBA)
• State licensing and disclosure requirements

We do not provide legal advice. Users with questions about their rights under these or other laws should consult an attorney or a qualified financial professional.

9. Policy Updates

We may update this Responsible Lending Policy from time to time to reflect changes in our practices, regulatory requirements, or industry standards. The effective date at the top of this page indicates when the policy was last revised. Continued use of our platform after changes constitutes acceptance of the updated policy.

10. Contact Information

For questions about this Responsible Lending Policy or to report concerns about lender practices, please contact:

MY P Finance LLC
807 W Seminole St
Springfield, MO 65807-2527
Email: [email protected]
Phone: (573) 435-3737