Transparent Terms for Your Financial Journey

To ensure responsible lending and provide clear expectations, EmberPath Finance has established the following eligibility and application requirements:

• Age and Residency: Applicants must be at least 18 years of age and a legal resident of the United States, with a valid U.S. address.
• Income Requirements: A stable and verifiable source of income is required. Specific minimum income thresholds may vary based on loan product and state regulations.
• Application Process: All applications must be submitted digitally through our secure online portal. You are responsible for ensuring the accuracy and completeness of all provided information.
• Documentation: We may require documentation such as proof of income, identification, and bank statements for verification purposes.
• Credit Assessment: By submitting an application, you authorize EmberPath Finance to perform credit checks through various credit bureaus. This assessment influences loan offers and eligibility.
• Approval and Denial: Loan approval is subject to EmberPath Finance's internal underwriting criteria. We reserve the right to approve or deny any application at our discretion, and we will provide reasons for denial as required by law.

Meeting these requirements helps us serve you more effectively and responsibly.

Understanding the financial commitment is paramount. Here's a breakdown of EmberPath Finance's loan terms and repayment conditions:

Interest Rates and Calculation

Interest rates are determined based on various factors, including credit assessment, loan amount, and repayment term. Rates are fixed for the duration of your loan and clearly outlined in your loan agreement. Interest is calculated daily on the outstanding principal balance.

Loan Term Options and Schedule

EmberPath Finance offers flexible loan terms, typically ranging from a few weeks for microloans to several months for larger personal loans. Your specific repayment schedule, including due dates and payment amounts, will be meticulously detailed in your loan agreement. Payments are generally scheduled for your pay dates.

Fee Structure

Transparency is key. Our fee structure includes:

• Origination Fee: A one-time fee deducted from your loan proceeds, disclosed upfront.
• Late Payment Fee: Applied if a payment is not received by its due date.
• Returned Payment Fee: Charged if a payment is returned due to insufficient funds or other issues.
• All applicable fees are clearly itemized in your loan agreement.

Early Repayment and Prepayment Penalties

EmberPath Finance encourages responsible financial management. There are NO prepayment penalties for early repayment of your loan. You can pay off your loan at any time without incurring additional fees beyond the interest accrued up to the date of repayment.

Default Conditions and Collections

Failure to make payments as scheduled may result in your loan entering default. Consequences of default include, but are not limited to, additional late fees, negative reporting to credit bureaus, and collection activities by EmberPath Finance or its authorized agencies. We encourage immediate contact if you anticipate difficulties in making a payment.

Your privacy is fundamental to our operations. EmberPath Finance is committed to protecting your personal and financial information. This section outlines how we handle your data:

• Personal Information Collection: We collect information necessary to process your loan application, assess your creditworthiness, and prevent fraud. This includes, but is not limited to, name, address, contact details, income, employment, and banking information.
• Purpose of Collection: Data is collected solely for the purposes of providing you with microloan and payday lending services, improving our offerings, compliance with legal obligations, and for internal analytical purposes.
• Data Sharing: Your data is shared only with trusted third parties necessary for providing our services (e.g., credit bureaus, payment processors, banking partners) and as required by law. We do not sell your personal information.
• Data Security: We employ industry-standard security measures, including encryption, firewalls, and secure servers, to protect your data from unauthorized access, alteration, disclosure, or destruction.
• Your Rights: You have the right to access, correct, or request deletion of your personal information, subject to legal and contractual obligations. Contact our privacy officer to exercise these rights.
• Cookies and Tracking: Our website uses cookies and similar technologies to enhance your browsing experience, analyze site traffic, and personalize content. You can manage your cookie preferences through your browser settings.

For a detailed explanation, please refer to our dedicated Privacy Policy.

In the rare event of a disagreement, EmberPath Finance is committed to resolving disputes efficiently and fairly:

• Complaint Procedure: We encourage you to first contact our customer support team at (615) 873-9001 or [email protected] to attempt to resolve any issues informally.
• Arbitration: For disputes not resolved informally, you agree that any dispute or claim relating in any way to your use of EmberPath Finance services will be resolved by binding arbitration, rather than in court.
• Governing Law: These terms and conditions are governed by and construed in accordance with the laws of the State of Tennessee, without regard to its conflict of law principles.
• Class Action Waiver: You and EmberPath Finance agree that any arbitration will be conducted on an individual basis and not in a class, consolidated, or representative action.
• Regulatory Contacts: If you believe your issue has not been satisfactorily addressed, you may contact relevant state regulatory agencies for further guidance.

EmberPath Finance may update these Terms of Service from time to time to reflect changes in our services, legal requirements, or best practices:

• Notification Procedures: We will provide notification of significant changes by posting the updated terms on our website and/or via email to active customers.
• Customer Rights: Your continued use of our services after such modifications constitutes your acceptance of the new terms. If you do not agree to the updated terms, you may opt to close your account or cease using our services, subject to any outstanding loan obligations.
• Effective Date: The effective date of revisions will be clearly indicated at the top of these terms.
• Existing Agreements: Changes will apply to all new loan applications and may affect existing agreements if explicitly stated and legally permissible.

We encourage you to review these terms periodically.