Does the lender conform to the Truth in Lending Act?
Always make sure that the lender tells you what your interest rate and Annual Percentage Rate (APR) will be before finalizing the agreement. Since all rates should be based on your credit history, the rate should not automatically be the same for every borrower. If the lender does not tell you the rate—or does not disclose it clearly—it is always best to walk away and find a more upfront and honest lender. 4. Protect your privacy The company’s privacy policy should be offered on their site, and easily accessible, even before you start the application process. Of course, such information is only useful if you actually read it, so take the few minutes and find out how the company will use, share, and protect that information before entering into any agreement. 5. Does the company offer paying by allotment? Paying by allotment is easier, faster, and prevents you from losing or forgetting a bill during a move. It is, however, illegal for a lender to make it a requirement and should never f
