Disclosures

MyCashNow wants all of our customers to be well informed about how we operate our cash advance business. We have laid out many of our business practices that may be of interest to you. Please read through these different areas and educate yourself on the MyCashNow personal loan company.

GOVERNING LAW: All personal loans and related transactions will be deemed to have taken place in the offices of MyCashNow Inc. All transactions will be within the laws of Anguilla, BWI and will not differ regardless of where the client may be viewing the MyCashNow site.

REPORTS BY TELETRACK: Borrower agrees to allow a search of the Teletrack database. Teletrack is a national database that contains information about transactions with lending institutions.

REPORTS BY CLARITY SERVICES, INC: Borrower understands that mycashnow.com Inc. will not perform a credit check with a credit bureau, but agrees to allow searches of the databases provided by Clarity Services, Inc., a nationwide consumer reporting agency which provides consumer information.

AGREEMENT TO ARBITRATE DISPUTES: All disputes and controversies of every kind and nature between the parties hereto arising out of or in connection with this agreement as to the existence, construction, validity, interpretation or meaning, performance, nonperformance, enforcement, operation, breach, continuance, or termination therefore, as well as whether the controversy or dispute is subject to arbitration, and the amount of any loss or damage, shall be submitted to arbitration in a jurisdiction to be chosen by Mycashnow.com™ Inc. before three arbitrators appointed by the American Arbitration Association pursuant to the commercial rules of the American Arbitration Association in effect at the time any arbitration proceeding is commenced, which rules are hereby incorporated by reference thereto and made a part of this agreement. The foregoing notwithstanding, the company retains the authority to institute an action in any court to recover sums due company by customer hereunder. The arbitration award shall be final and binding upon both parties, and judgment upon such arbitration award may be entered in any court having jurisdiction. The parties specifically state their understanding that the check casher cannot be sued in any court or any controversy or dispute. In the event this provision or any part thereof is held to be invalid or unenforceable for any reason, the remaining terms and conditions of this agreement shall not be effected thereby and shall remain in full force and effect.

AGREEMENT NOT TO BRING OR PARTICIPATE IN CLASS ACTIONS: To the extent permitted by law, you agree not to bring, join or participate in any class action as to any claim, dispute or controversy you may have against Mycashnow.com™ Inc. or its employees, officers, directors, assignees and servicers. You agree to the entry of injunctive relief to stop such a lawsuit or to remove yourself as a participant in the suit. This agreement is not a waiver of any of your rights and remedies to pursue a claim individually and not as a class action in binding arbitration as provided above. This agreement not to bring or participate in class action suits is an independent agreement and shall survive the closing and repayment of the loan for which you are applying.

RENEWAL/EXTENSION POLICY: Mycashnow.com™ will allow you to extend the original loan for up to 3 times, paying only the finance charges and fees due with each extension. After THE FIRST THREE (3) extensions, you must pay (on loans of $600.00 or less) a minimum of $50.00 more than the fees due until the loan principal is fully repaid. On loans of $600.01 or more you must pay a minimum of $100.00 more than the fees due until the principal is fully repaid.

If you receive your paycheck once a month, we require a payment towards the principal on your 2nd extension. Loans of $600.00 or less require a payment of $100 more than the fees due until the principal is fully repaid. Loans of $600.01 and above require a payment of $200.00 more than the fees due until the principal is fully repaid.

All extension requests must be received before 4:00 p.m. PST on the business day prior to the schedule due date. Any request submitted after the deadline will not be processed.

All special promotions and/or discounted rates for the original finance charge, if extended beyond the original repayment date, are subject to normal charges specified under our "low fees" chart.

RETURNED TRANSACTIONS: In the event that any transaction, ACH or EFT debit, that you have authorized returns to MyCashNow.com™ for any reason: (1) You agree to pay a returned check charge of $25.00; (2) In the event that we initiate collection activity on your account, you agree to be responsible for collection fees, court costs and fees, and all reasonable attorney fees; and (3) You authorize mycashnow.com™ to initiate debits to any bank accounts in your name in amounts up to and less than the amount owed until the amount owed is paid in full.

LOAN AMOUNTS AND FEES: Mycashnow.com^™ currently provides loans ranging from $100 to $1500. See fees for a complete breakdown of amounts and charges for various length loans.

RECEIPT OF FUNDS: Time of receipt is dependent on time of approval and banking procedures.

IMPLICATIONS OF LATE PAYMENT In the event that any authorized payment returns to us as unpaid your account will be assessed with a returned check charge of $25.00. For your convenience the next payment due on your account will be automatically drafted in accordance with the original terms of your agreement as outlined in the Returned Transactions section of your loan agreement.
If you are unable to make your regularly scheduled payment please contact us as soon as possible to discuss alternative repayment options.

IMPLICATIONS OF NON-PAYMENT Information regarding your payment history, delinquency, or defaults on your account may be reported to a third party consumer reporting agency as outlined in your original loan agreement.
We offer several repayment options to assist you in avoiding late payments and defaults on your account. In the event you are unable to make the payment on your account please contact us as soon as possible to discuss alternative repayment options.

CODE OF PRACTICE Our goal is to provide our customers with quick and easy personal payday loans and the best possible customer service available. We are committed to finding new ways to build the trust and confidence of our clients. We currently provide unsecured personal loans ranging from $100 to $1500. A loan from MyCashNow.com should be used for short-term needs only, not as a long-term financial solution.

When using our service, you can expect:

• Flexibility – we will allow you to choose the amount of your loan and will not encourage you to borrow more than you can comfortably repay in the short duration of the loan.
• Transparency – our fees are published in our fee charts so that you can see the total cost of repayment before applying. There are no hidden fees, and the rate will not change during the life of the loan. The only way costs will increase is if you do not honor the agreement.
• Fast decisions and verification of information – although we don’t perform traditional credit checks as part of the approval process, we will verify your application information using credit reporting agencies. If an application is denied, we will provide the reason(s).
• Fair treatment – if circumstances change and a loan cannot be repaid on the promised due date, please let us know as soon as possible – we promise to treat you with respect and help determine a payment schedule that will work for both you and us.
• Customer service – for us, customer service isn’t just a slogan. We promise to respond quickly to any question or concern and try to resolve any issue to the satisfaction of everyone concerned. We’re happy when our customers are satisfied and we show our appreciation in our Preferred Member Rewards and Referrals programs.
• Compliance with regulations – MyCashNow.com operates under the Commerce Clause with regards to regulation and oversight. We take compliance very seriously, requiring full-time oversight of compliance to all applicable federal regulations.