Responsible Lending Practices

Effective Date: January 5, 2026

1) Our Commitment to Responsible Lending

At Instant Cash Advance - Abax, we believe that responsible lending practices benefit both consumers and lenders. We are committed to promoting ethical standards throughout the loan matching process. While we are not lenders ourselves, we work exclusively with lending partners who share our commitment to responsible practices.

2) Partner Lender Standards

We carefully select and monitor our lending partners based on their adherence to responsible lending principles. All lenders in our network must:

• Be properly licensed in states where they operate
• Comply with all applicable federal and state laws
• Provide clear, transparent disclosures
• Conduct reasonable affordability assessments
• Offer fair and transparent pricing
• Maintain ethical collection practices

3) Affordability Assessment

Responsible lenders consider a borrower's ability to repay before extending credit. Our partner lenders typically assess:

• Income Verification: Confirming stable income sources
• Debt-to-Income Ratio: Evaluating existing debt obligations
• Credit History: Reviewing payment patterns and credit usage
• Expense Considerations: Accounting for necessary living expenses
• Loan Purpose: Understanding why funds are needed

4) Transparent Pricing and Terms

We require all lenders to provide:

• Clear APR Disclosure: Prominent display of Annual Percentage Rate
• Complete Fee Schedule: All potential fees explained upfront
• Payment Schedule: Exact payment amounts and due dates
• Total Cost Calculation: What the loan will cost in total
• Plain Language Explanations: Terms explained clearly

5) Right to Rescind

Depending on state laws and loan type, you may have the right to cancel (rescind) a loan within a specified period after receiving funds. This information will be clearly provided in your loan documents.

6) Avoiding Debt Cycles

We encourage responsible borrowing practices to avoid debt cycles:

• Borrow Only What You Need: Consider the minimum amount necessary
• Understand the True Cost: Calculate total repayment amount
• Consider Alternatives: Explore other options before borrowing
• Have a Repayment Plan: Budget for payments before borrowing
• Avoid Serial Borrowing: Don't use new loans to pay old ones

7) Financial Education Resources

We provide educational resources to help you make informed decisions:

• Loan calculator tools
• Budget planning guides
• Credit education materials
• Debt management information
• Financial counseling referrals

8) Fair Collection Practices

Our partner lenders must adhere to fair debt collection standards:

• No harassment or abusive tactics
• Reasonable communication attempts
• Accurate reporting to credit bureaus
• Willingness to work with struggling borrowers
• Compliance with Fair Debt Collection Practices Act (FDCPA)

9) State Compliance and Protections

We ensure our platform and partner lenders comply with state-specific protections including:

• Interest rate caps where applicable
• Cooling-off periods between loans
• Extended payment plans for financial hardship
• Database reporting requirements
• Military lending protections

10) Consumer Rights and Recourse

You have important rights as a borrower:

• Right to Information: Complete disclosure of all terms
• Right to Complain: Ability to file complaints with regulators
• Right to Dispute: Process for disputing errors
• Right to Assistance: Help if experiencing financial difficulty
• Right to Privacy: Protection of personal information

11) Warning Signs of Problem Debt

Be aware of these warning signs:

• Borrowing to pay routine expenses
• Using new loans to pay old ones
• Missing payments on other bills to make loan payments
• Borrowing increasing amounts over time
• Feeling constant anxiety about debt

12) Getting Help with Debt

If you're struggling with debt:

• Contact Your Lender: Many offer hardship programs
• Credit Counseling: Non-profit agencies can help
• Debt Management Plans: Structured repayment programs
• Legal Assistance: For serious debt issues
• Financial Hardship Programs: State and federal assistance

13) Our Role in Promoting Responsibility

As a matching service, we promote responsible lending by:

• Vetting and monitoring our lending partners
• Providing educational resources
• Encouraging transparent comparisons
• Supporting regulatory compliance
• Responding to consumer concerns

14) Continuous Improvement

We regularly review and improve our responsible lending practices by:

• Monitoring industry best practices
• Updating our standards as regulations change
• Gathering consumer feedback
• Participating in industry discussions
• Investing in consumer education

15) Contact and Resources

For questions about responsible lending or to report concerns:

Instant Cash Advance - Abax: support@abaxfinance.com

Additional Resources:

• Consumer Financial Protection Bureau (CFPB)
• National Foundation for Credit Counseling (NFCC)
• Federal Trade Commission (FTC) Consumer Information
• Your state's financial regulatory agency