About & Disclosure
About Ascend Lending
Ascend Lending is a loan connection service that connects consumers seeking installment loans with lenders in our network. We are not a lender and do not make credit decisions or fund loans.
How Our Service Works
- You complete a single loan request form on our website
- Your information is shared with lenders in our network
- Lenders review your request and may offer you a loan
- You review any offers received and choose whether to accept
- If you accept an offer, you work directly with that lender
Important Disclosures
We Are Not a Lender
Ascend Lending does not make loans, extend credit, or make credit decisions. We provide a connection service only.
No Guarantee of Approval
Submitting a loan request does not guarantee you will receive any loan offers. Each lender makes independent decisions based on their own criteria.
Credit Checks
Our prequalification process may involve a soft credit check that does not impact your credit score. If you accept a loan offer, the lender may perform a hard credit inquiry which could temporarily affect your credit score.
No Fees to Consumers
Ascend Lending does not charge consumers any fees for using our connection service. However, individual lenders may charge fees such as origination fees, late payment fees, or other charges which will be disclosed in their loan terms.
Lender Compensation
We receive compensation from lenders in our network when we successfully connect them with borrowers. This compensation does not affect the terms of any loan offer you may receive.
Loan Terms Vary
Interest rates, fees, repayment terms, and loan amounts vary by lender and are based on factors including your creditworthiness, income, and state of residence. APRs in our network range from 4.95% to 35.95%.
APR Disclosure
The Annual Percentage Rate (APR) is the cost of credit expressed as a yearly rate. APR includes interest and certain fees. Your actual APR will depend on factors determined by your lender.
State Restrictions
Our services are not available in New York, Vermont, Arkansas, and West Virginia. Additionally, loans with APR of 36% or higher are not available to U.S. consumers per federal law (Military Lending Act).
No Obligation
Submitting a loan request through our service does not obligate you to accept any loan offer. You are free to review and decline any or all offers you receive.
Direct Lender Relationship
If you accept a loan offer, you enter into a direct contractual relationship with that lender. All loan terms, repayment obligations, and customer service will be handled by the lender, not by Ascend Lending.
Responsible Borrowing
We encourage all consumers to borrow responsibly. Only request a loan if you need it and can afford the monthly payments. Consider all available options before taking on debt.
Privacy & Data Security
We use industry-standard security measures including 256-bit SSL encryption to protect your information. See our Privacy Policy for details on how we collect, use, and protect your data.
Questions?
If you have questions about our service, please review our FAQ section or contact us.