Lending Policy

Our commitment to compliance, transparency, and responsible lending practices.

Important Notice:

Acorn America is an independent, advertising-supported affiliate website. We are not a lender, loan broker, or financial institution. We do not make credit decisions or issue loans. We connect consumers to third-party lenders and partners through affiliate links and embedded forms. We may receive compensation from these partners when you submit an application.

State Regulations

Lenders and lending partners are required to abide by applicable federal, state and local laws. This may include interest rate limits, loan terms, limits on rollovers, the number and frequency of loans, fees, and more. Before you accept any loan, you should educate yourself in regard to the loan you are seeking, including the rules, regulations and laws that might apply to that loan and the lender or lending partner offering it.

Truth in Lending Act (TILA)

The Truth in Lending Act requires lenders and lending partners to give you in writing the exact fees, interest rate and other details regarding your loan. This should be presented to you prior to any agreement being executed. lenders and lending partners may not offer terms that exceed any applicable laws, regulations, or rules. Most specific terms of your loan will be governed by the applicable state law.

Dodd-Frank Wall Street Reform Act

The Dodd-Frank Act requires that all lenders and lending partners practice fair lending. The Act empowers the Consumer Financial Protection Bureau (CFPB) to issue regulations that prohibit abuse and unfair lending practices, which includes regulations designed to prevent disparities among consumers of equal creditworthiness but are of a different race, ethnicity, gender or age.

Opening a New Account (including loans) Requires Disclosure of Personal Information

Federal law requires lenders and lending partners and other financial institutions to know who they are working with. The law is designed to fight money laundering and funding of terrorist networks. Therefore, you may be required to provide your name, date of birth, address, your social security number and other information. Your lender or lending partner may ask you to provide a valid state or federal ID to verify your personal information.

AcornAmerica

For over a decade, Acorn America has been the bridge to better financial stability for thousands of Americans. We are committed to responsible lending and transparent terms that empower you to take control of your future.

IMPORTANT DISCLOSURES: This service is not available in all states. AcornAmerica.com is not a lender and does not make loan or credit decisions. We connect interested persons with a lender from our network of approved lenders.

APR Disclosure: The Annual Percentage Rate (APR) is the rate at which your loan accrues interest and is based upon the amount of your loan, cost of the loan, term of the loan, repayment amounts and timing of payments and payoff. Lenders are legally required to show you the APR and other terms of your loan before you execute a loan agreement. APRs vary ranging from 5.99% to 35.99% for personal loans.

*Funding Speed: Online approvals before 10:30 AM ET (M-F) are typically funded to your bank account by 5 PM ET same-day. Approvals after 10:30 AM ET are typically funded in the morning the next business day.

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