Disclosure

Terms and Conditions

Agreement between User and The Borrowing Club, LLC, ("TBC") a Florida limited liability company doing business as LoanQuo.

Welcome to TBC, provider of TBC marketing technology. TBC operates https://loanquo.com, each with various webpages and is offered to you conditioned on your acceptance without modification of the terms, conditions, and notices contained herein (the "Terms"). Your use of https://loanquo.com constitutes your agreement to all such Terms. Please read these terms carefully and keep a copy of them for your reference.

TBC is a Software-as-a-Service based technology and marketing company. TBC engages with customers to help them submit consumer loan requests via the TBC technology.

Privacy

Your use of https://loanquo.com/privacy-policy is subject to TBC's Privacy Policy. Please review our Privacy Policy, which also governs the Sites and informs users of our data collection practices.

Electronic Communications

Visiting https://loanquo.com or sending emails to TBC constitutes electronic communications. You consent to receive electronic communications and you agree that all agreements, notices, disclosures and other communications that we provide to you electronically, via email and on the Site, satisfy any legal requirement that such communications be in writing.

Your Account

If you use this site, you are responsible for maintaining the confidentiality of your account and password and for restricting access to your computer, and you agree to accept responsibility for all activities that occur under your account or password. You may not assign or otherwise transfer your account to any other person or entity. You acknowledge that TBC is not responsible for third party access to your account that results from theft or misappropriation of your account. TBC and its associates reserve the right to refuse or cancel service, terminate accounts, or remove or edit content in our sole discretion.

No Unlawful or Prohibited Use/Intellectual Property

You are granted a non-exclusive, non-transferable, revocable license to access and use https://loanquo.com strictly in accordance with these terms of use. As a condition of your use of the Site, you warrant to TBC that you will not use the Site for any purpose that is unlawful or prohibited by these Terms. You may not use the Site in any manner which could damage, disable, overburden, or impair the Site or interfere with any other party's use and enjoyment of the Site. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available or provided for through the Site.

All content included as part of the Service, such as text, graphics, logos, images, as well as the compilation thereof, and any software used on the Site, is the property of TBC or its suppliers and protected by copyright and other laws that protect intellectual property and proprietary rights. You agree to observe and abide by all copyright and other proprietary notices, legends or other restrictions contained in any such content and will not make any changes thereto.

You will not modify, publish, transmit, reverse engineer, participate in the transfer or sale, create derivative works, or in any way exploit any of the content, in whole or in part, found on the Site. TBC content is not for resale. Your use of the Site does not entitle you to make any unauthorized use of any protected content, and in particular you will not delete or alter any proprietary rights or attribution notices in any content. You will use protected content solely for your personal use and will make no other use of the content without the express written permission of TBC and the copyright owner. You agree that you do not acquire any ownership rights in any protected content. We do not grant you any licenses, express or implied, to the intellectual property of TBC or our licensors except as expressly authorized by these Terms.

International Users

The Service is controlled, operated and administered by TBC from our offices within the USA. If you access the Service from a location outside the USA, you are responsible for compliance with all local laws. You agree that you will not use the TBC Content accessed through https://loanquo.com in any country or in any manner prohibited by any applicable laws, restrictions or regulations.

Indemnification

You agree to indemnify, defend and hold harmless TBC, its officers, directors, employees, agents and third parties, for any losses, costs, liabilities and expenses (including reasonable attorney's fees) relating to or arising out of your use of or inability to use the Site or services, any user postings made by you, your violation of any terms of this Agreement or your violation of any rights of a third party, or your violation of any applicable laws, rules or regulations. TBC reserves the right, at its own cost, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will fully cooperate with TBC in asserting any available defenses.

Arbitration

In the event the parties are not able to resolve any dispute between them arising out of or concerning these Terms and Conditions, or any provisions hereof, whether in contract, tort, or otherwise at law or in equity for damages or any other relief, then such dispute shall be resolved only by final and binding arbitration pursuant to the Federal Arbitration Act, conducted by a single neutral arbitrator and administered by the American Arbitration Association, or a similar arbitration service selected by the parties, in a location mutually agreed upon by the parties. The arbitrator's award shall be final, and judgment may be entered upon it in any court having jurisdiction. In the event that any legal or equitable action, proceeding or arbitration arises out of or concerns these Terms and Conditions, the prevailing party shall be entitled to recover its costs and reasonable attorney's fees. The parties agree to arbitrate all disputes and claims in regard to these Terms and Conditions or any disputes arising as a result of these Terms and Conditions, whether directly or indirectly, including Tort claims that are a result of these Terms and Conditions. The parties agree that the Federal Arbitration Act governs the interpretation and enforcement of this provision. The entire dispute, including the scope and enforceability of this arbitration provision shall be determined by the Arbitrator. This arbitration provision shall survive the termination of these Terms and Conditions.

Class Action Waiver

Any arbitration under these Terms and Conditions will take place on an individual basis; class arbitrations and class/representative/collective actions are not permitted. THE PARTIES AGREE THAT A PARTY MAY BRING CLAIMS AGAINST THE OTHER ONLY IN EACH'S INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PUTATIVE CLASS, COLLECTIVE AND/ OR REPRESENTATIVE PROCEEDING, SUCH AS IN THE FORM OF A PRIVATE ATTORNEY GENERAL ACTION AGAINST THE OTHER. Further, unless both you and TBC agree otherwise, the arbitrator may not consolidate more than one person's claims and may not otherwise preside over any form of a representative or class proceeding.

Liability Disclaimer

THE INFORMATION, SOFTWARE, PRODUCTS, AND SERVICES INCLUDED IN OR AVAILABLE THROUGH THE SITE MAY INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS. CHANGES ARE PERIODICALLY ADDED TO THE INFORMATION HEREIN. TBC ITS SUPPLIERS MAY MAKE IMPROVEMENTS CHANGES IN THE SITE AT ANY TIME. TBC, ITS SUPPLIERS MAKE NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, AVAILABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THE SITE FOR ANY PURPOSE. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED "AS IS" WITHOUT WARRANTY OR CONDITION OF ANY KIND. TBC, ITS SUPPLIERS HEREBY DISCLAIM ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL TBC, ITS SUPPLIERS BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF USE, DATA OR PROFITS, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE USE OR PERFORMANCE OF THE SITE, WITH THE DELAY OR INABILITY TO USE THE SITE OR RELATED SERVICES, THE PROVISION OF OR FAILURE TO PROVIDE SERVICES, OR FOR ANY INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS OBTAINED THROUGH THE SITE, OR OTHERWISE ARISING OUT OF THE USE OF THE SITE, WHETHER BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY OR OTHERWISE, EVEN IF TBC, OR ANY OF ITS SUPPLIERS HAS BEEN ADVISED OF THE POSSIBILITY OF DAMAGES. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THE SITE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE SITE.

Termination/Access Restriction

TBC reserves the right, in its sole discretion, to terminate your access to the Site and the related services or any portion thereof at any time, without notice. To the maximum extent permitted by law, this agreement is governed by the laws of the State of California and you hereby consent to the exclusive jurisdiction and venue of courts in California in all disputes arising out of or relating to the use of the Site. Use of the Site is unauthorized in any jurisdiction that does not give effect to all provisions of these Terms, including, without limitation, this section.

You agree that no joint venture, partnership, employment, or agency relationship exists between you and TBC as a result of this agreement or use of the Site. TBC's performance of this agreement is subject to existing laws and legal process, and nothing contained in this agreement is in derogation of TBC's right to comply with governmental, court and law enforcement requests or requirements relating to your use of the Site or information provided to or gathered by TBC with respect to such use. If any part of this agreement is determined to be invalid or unenforceable pursuant to applicable law including, but not limited to, the warranty disclaimers and liability limitations set forth above, then the invalid or unenforceable provision will be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision and the remainder of the agreement shall continue in effect.

Unless otherwise specified herein, this agreement constitutes the entire agreement between the user and TBC with respect to the Site and it supersedes all prior or contemporaneous communications and proposals, whether electronic, oral or written, between the user and TBC with respect to the Site. A printed version of this agreement and of any notice given in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to this agreement to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form. It is the express wish to the parties that this agreement and all related documents be written in English.

Changes to Terms

TBC reserves the right, in its sole discretion, to change the Terms under which https://loanquo.com is offered. The most current version of the Terms will supersede all previous versions. TBC encourages you to periodically review the Terms to stay informed of our updates.

Consent to Electronic Communications (E-Consent)

Please read this information carefully and print a copy and/or retain this information for future reference.

By utilizing this website and clicking the “submit” button, you are submitting a request to be connected with one of our third-party advertisers or lending partners, collectively “third parties.” In order to attempt to connect you with an entity mentioned above, that may offer you a financial product or service, the third parties need your consent to use and accept electronic signatures, records, and disclosures ("E-Consent"). This policy notifies you of your rights when receiving electronic disclosures, notices, information and other forms of communication. By submitting your information on our website, you acknowledge that you have received and reviewed this E-Consent Policy, and that you consent to conduct transactions using electronic signatures, electronic disclosures, electronic records, and electronic contract documents ("Disclosures").

Option for Paper or Non-Electronic Records.

If you are connected with a lending partner, and said lending partner determines that you are a potential candidate for a financial product or loan, and said lending partner offers you an electronic copy of any pertinent Disclosures related to that loan, you may, at any time, request any Disclosures in paper form by contacting the third party lending partner directly. Depending on the specific Disclosure request to the lending partner, the lending partner may be able to provide these Disclosures to you at no or minimal charge. Each third party shall retain all Disclosures as required by any applicable laws to the specific transaction.

Scope of Consent.

This E-Consent Policy applies to all interactions online concerning you, and the third party lending partner or Advertiser (LoanQuo), and includes those interactions engaged in on any mobile device, including phones, smart-phones, tablets, and any other electronic device that allows the consumer to connect to the Internet. By exercising this E-Consent, the third party may process your information and interact during all online interactions with you electronically. The third party may also send you notices electronically related to its interactions and transactions. Disclosures may be provided online at Loanquo.com or the third party websites, and may be provided by e-mail. See above for guidance on how to request paper copies.

Consenting to Do Business Electronically.

Before you decide to do business electronically with the third party advertiser, you should consider whether 1. You wish to conduct business electronically, and 2. You have the required hardware and software capabilities described below.

Hardware and Software Requirements.

To both access and retain the Disclosures electronically, at a minimum, you will need to use the following computer software and hardware: A PC or MAC compatible computer or other device capable of accessing the Internet, access to an electronic mail (e-mail) account, and an Internet Browser software program that supports at least 256-BIT encryption, including but not limited to, Microsoft® Internet Explorer, Google Chrome® or Mozilla Firefox®. To read some documents, you may need a PDF file reader like Adobe® Acrobat Reader® or Foxit®. You will need a printer or a long-term storage device, such as your computer's disk drive, to retain a copy of the Disclosures for future reference. You may send any questions regarding the specific hardware and software requirements directly to the third party lending partner or advertiser.

Withdrawing Consent.

If you are connected with one or more third-party lending partners, you are free to withdraw your E-Consent with those third-parties at any time, and at no charge. However, if you withdraw this E-Consent before being connected with the third party lending partner, you may be prevented from obtaining an offer from the third party as this consent is required, for this one time transaction, to facilitate the connection and to conduct business. Contact the third-party lending partner directly if you wish to withdraw this E-Consent. If you decide to withdraw this E-Consent, the legal effectiveness, validity, and enforceability of prior electronic disclosures will not be affected.

Change to Your Contact Information.

You should keep third party advertisers informed of any change in either your electronic address or physical mailing address. Your lending partner will have specific instructions on how to update your contact information, if necessary. Please note that Loanquo.com cannot update your information for you.

Your Ability to Access Disclosures.

By clicking and submitting your information, you assent to our terms and conditions. You acknowledge that you can access the disclosures in the designated formats described above.

Responsible Lending

Effective Date: 10/20/2021

Last Reviewed on: 10/20/2021

You acknowledge that this Policy is designed to be read in connection with the Site’s Terms of Service and Privacy Policy. By accessing or using our Site, you agree to be bound by the Site’s Terms of Service and Privacy Policy. This Fair and Responsible Lending Policy is created in an effort to provide you with valuable information regarding your rights as a consumer and practices that may be applicable to our Partners.

The content on this page is not designed to be and should not be taken as legal advice. The provided details do not cover all sections of each law, act, or regulation. Any inquiries you may have regarding your loan or the presented loan offers should be addressed with the lending partner directly.

Introduction

TBC is not a lending partner or party to any loan or other transaction, does not broker loans to lending partners, and does not make personal loans or credit decisions. We submit the information you provide us to the lending partners in our database who may use a soft credit check(s) to assess your eligibility for a personal loan and may then provide pre-qualified loan offers.

TBC is committed to working with responsible lending partners who bar abusive, misleading or fraudulent lending practices.If you receive a personal loan offer from one of our lending partners, it is imperative that you review each lending partners terms and conditions before proceeding with an request for a loan. Please note, that at the point of request with the lending partner you may be subject to a full credit check. TBC’s Commitment to Fair and Responsible Lending Practices

Fair Lending Laws are a culmination of laws and regulations intended to protect consumers by prohibiting unfair and discriminatory practices. Details on certain relevant laws regarding consumer protection are included below for informational purposes.

TBC encourages consumers who feel their lending partner has violated any aspect the law/laws or regulatory requirements to file a complaint with the Consumer Finance Protection Bureau, or applicable enforcing agency.

Equal Credit Opportunity Act (ECOA): ECOA prohibits discrimination based on race or color, marital status, religion, nationality or national origin, gender, age (so long as the applicant is capable of entering into a contract), income derived from public assistance programs, and the applicant’s exercise of any right under the Consumer Credit Protection Act. This Act applies to any extension of credit.

Fair Credit Reporting Act (FCRA): FCRA is intended to promote correctness, fairness, and confidentiality of information in Consumer Reporting Agency files by requiring the agencies to furnish correct and whole information to businesses when a consumer's information is being evaluated for insurance, credit, or employment. Under the FCRA, consumers have the right to:

• Know the information within their credit file
• Be informed if information in their file has been used against them
• Dispute incomplete or erroneous data in their file
• Receive one disclosure at no cost every 12 months upon request from each nationwide credit bureau and from nationwide specialty consumer reporting agencies
• Request a credit score from consumer reporting agencies for a fee
• Limit access the consumer’s file to people with a valid need for access
• Limit unsolicited offers of credit and be provided with opt out rights of such communications.

The Truth in Lending Act (TILA): TILA is intended to promote knowledgeable use of consumer credit by requiring written disclosures regarding terms, costs, and fees of loans before a consumer takes responsibility for the loan. This act additionally provides consumers the right to withdraw from certain credit dealings involving a lien on the consumer’s dwelling, provides a means for just and timely resolve of credit billing disputes and regulates credit card practices. Note, this Act does not mandate the charges that may be imposed for consumer credit. The lending partners in TBC’s network are required to provide consumers with clearly written and discernable interest rates, late fees, and any other fees that may be connected with their loan before loan documents are fully executed.

Americans With Disabilities Act (ADA): This Act prohibits discrimination against qualified individuals with disabilities by ensuring that these individuals have equivalent access to goods and services offered by private businesses.

Debt Collection Practices TBC is not a lending partner, does not fund loans, and does not engage in any kind of practice related to debt collection. TBC aims to work only with reputable lending partners who adhere to fair debt collection practices and guidelines. TBC supports the provisions of the Fair Debt Collection Practices Act which is enforced by the Federal Trade Commission. The Act forbids collectors and collection attorneys from using misleading behaviors, harassment, and other unethical practices in an effort to collect debt. The Act additionally stipulates specific hours of the day in which consumers may be contacted. The FDCPA typically does not apply to first party creditors, however certain states have passed laws similar to the FDCPA that may apply to first party creditors. Certain lending partners of TBC may collect their own debts and therefore may be subject to state lending or debt collection regulations.If a lending partner directly or indirectly violates a debt collection law or regulation we suggest reporting the violation to the FTC.

Implications of Late Payment and Non-Payment If you obtain a loan, it is vital that you understand implications that could result from making a payment late or from failing to make a payment. Each lending partner determines their own policy regarding fees that may be charged and/or other consequences from late or non-payments. Consequences can include added charges, negative implications to your credit history and score, collections, and more. We advise you to thoroughly review the payment policies provided in your loan documents before signing so you may understand the policy and any potential fees or penalties associated with late or non-payments.

State Regulations TBC has a due diligence process in place to aid in ensuring that our partners are abiding by the applicable state and federal regulations. However, TBC is not responsible for any actions conducted from sources outside its control.Individual states may have their own regulations for lending, including laws pertaining to interest rate limitations, rollover terms, fees, loan terms, recession periods, etc. While TBC does our best to ensure the lending partners within our network comply with all federal and state regulations, it is necessary for each consumer to educate themselves about their loan offer prior to considering whether or not to accept the offer. This includes the federal and state laws, rules, and regulations that apply.

Marketing Practices To utilize TBC’s services, you must agree to our Terms of Service, Credit Authorization Agreement, Privacy Policy, and E-Consent. By proceeding with the use of TBC’s service, you are requesting to seek pre-qualified loan offers from the lending partners through the sharing of the information that you provide to us.

By submitting your information on the TBC website you may also choose to give your express consent to receive marketing and advertising materials from TBC, our lending partners, and third-party advertising partners with whom we may also share your information. TBC additionally partners with third party email marketing providers with whom you may receive TBC marketing from if you have opted in to receiving such emails from the third party.

You can opt out of receiving email marketing from TBC at any time by following the instructions here to unsubscribe your email address from future communication.

Advertiser Disclosure

LoanQuo is completely free to use, we will never charge you a fee for our service.

Instead, LoanQuo may receive a fee or commission for introductions to its partners.

Using LoanQuo does not impact your interest rates and LoanQuo does not influence where and how lending partner offers appear on your results page. We always present the lowest APR offers first by default! We are completely on your side and here to help you find a great personal loan.

LoanQuo cannot guarantee that all lending partners or all types of loan offers in the marketplace will be available at the time you are using our service.

The underwriting criteria necessary for approval is determined by the lending partners (not LoanQuo) and it is imperative that you review each lending partners terms and conditions before proceeding with an request for a loan.

You must determine which loan works for you and your personal financial situation. All rates, fees, and terms are presented without guarantee and are subject to change pursuant to each provider’s discretion.

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