Our Amicus Lending Service Is Not a Lender
Anyone who searches amicus lending should know up front that our service does not make loans or credit decisions. We are a free connector that shares your request with lenders and partners in a third-party network.
Lenders in the network decide whether to approve you, the APR, fees, repayment term, loan amount and funding date. We do not broker loans, act as an agent for any lender, or take part in final credit decisions. Who we are and what we do is described in more detail on our about page.
How We Are Compensated
Lenders and marketing partners pay us, usually when a request is passed to them, when you click through to a lender, or when a loan is funded. You never pay us anything to submit a request or compare offers.
Compensation amounts differ from one lender or partner to the next. The service stays free to borrowers because of these partner payments. No portion of what lenders pay us is added to your loan as a fee from us, though a lender may charge its own fees, which it must disclose before you sign.
How Compensation Can Influence the Offers You See
Partner payments can affect which lenders appear, the order offers are shown in and which lender you are directed to first. They do not change how a lender reviews your credit or the terms it offers.
The network does not include every lender or every loan product available to you. A lender that pays more may be shown more often or ranked higher on the page. For that reason, we encourage you to compare any offer you receive with options from your bank, a credit union or other sources before accepting.
Estimated APR Ranges and Representative Example
Estimated APRs across the network run from about 6% to 35.99%, depending on the lender, your credit, income and state. Borrowers with strong credit tend to see the lower end, and limited credit often lands higher.
Representative example: borrow $2,500 for 18 months at 22.99% APR with no origination fee, and the estimated payment is about $165.52 per month, with about $2,979.43 total repaid. All figures are estimates, and your actual offer may differ. Some lenders charge origination fees that are deducted from the amount you receive, which raises the effective cost. A breakdown by credit tier appears on our estimated rates page.
Loan Amounts, Terms and State Availability
Loan amounts through the network range from $500 to $5,000, with typical repayment terms of about 3 to 36 months. Available amounts, terms and products vary by lender and by the state where you live.
- Some lenders do not operate in every state, and certain states cap APRs or limit loan sizes
- A lender may offer a lower amount or a shorter term than you requested
- Minimum and maximum terms depend on the lender and on state law
- Residents of some states may receive fewer offers or none at all
Credit Checks
Lenders in the network usually start with a soft credit inquiry, which does not affect your credit score. Many lenders run a hard credit pull before final approval, which can lower your score by a few points for a short time.
By submitting a request, you allow lenders and partners to obtain your credit information to review it. Hard inquiries typically stay on your credit report for up to two years, though their effect on your score fades much sooner.
No Guarantee of Approval or Offers
Submitting a request does not ensure that any lender will make you an offer, approve your loan or provide a specific APR, amount or term. Each lender applies its own rules and may decline any request.
Funding speed is also not promised. Funds often arrive as soon as the next business day after approval and verification, but timing depends on the lender and your bank.
Consequences of Late or Missed Payments
Missing a payment on a loan can lead to late fees, returned-payment fees, collection activity and negative credit reporting. Each lender sets its own policies, which appear in your loan agreement.
| Situation | Possible consequence (varies by lender) |
|---|---|
| Payment a few days late | Late fee, often a flat dollar amount or a percent of the payment |
| Payment returned by your bank | Returned-payment fee from the lender and a possible bank fee |
| Payment 30 or more days late | Reported to one or more credit bureaus, lowering your score |
| Ongoing nonpayment | Collection calls, account sent to a collection agency, possible legal action |
If you expect to miss a payment, contact your lender before the due date. Many lenders offer hardship options or adjusted due dates when asked early.
Renewal and Refinancing Policies
Renewal, extension and refinancing policies vary by lender and state, and some lenders do not offer them at all. Any renewal can add interest and fees and increase the total you repay.
Read the renewal terms in your loan agreement before signing, and ask the lender to explain any automatic renewal or rollover feature in writing.
Questions About This Disclosure
Questions about this disclosure can go to [email protected] or (888) 583-5714 on weekdays. We are happy to explain how compensation works or how offers are displayed.
How we handle the information you share is covered in our privacy policy, and the rules for using the site are in our terms of use.