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If a payday loan is quick and simple, why is there so much information on the Loan Agreement and Disclosure Statement?

April 26, 2017Agreement disclosure loan payday loan Quick simple

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If a payday loan is quick and simple, why is there so much information on the Loan Agreement and Disclosure Statement?

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The Loan Agreement and Disclosure Statement is a contract between you and Moneytree. It outlines the terms of the loan, including the cost of the loan expressed as a dollar amount and as an annual percentage rate. It is Moneytree’s intent that you understand all of the terms of the loan prior to completing the transaction.