This Responsible Lending page explains the principles, standards, and practices followed in connection with the Fast Cash Advance Loans – BEI application (icon name: BEI Borrow Money), operated by BEI money HK LLC ("we," "us," or "our"). This page is provided for informational and educational purposes and reflects our commitment to responsible, transparent, and consumer-focused financial practices.
1) Our Commitment to Responsible Lending
Although we do not act as a lender and do not make credit decisions, we are committed to promoting responsible lending practices and working only with financial partners that align with applicable consumer protection laws and ethical lending standards.
Our approach to responsible lending is guided by the following core principles:
Consumer Protection
We prioritize the protection of users by emphasizing transparency, informed consent, and fair treatment throughout the process of exploring loan or cash-advance options.
Fair and Lawful Pricing
We support lending practices that comply with applicable state and federal laws governing interest rates, fees, disclosures, and repayment terms.
Transparency and Informed Decision-Making
We believe users should receive clear, complete, and understandable information about loan terms, costs, and obligations before accepting any financial product.
Respect for Financial Well-Being
We encourage responsible borrowing decisions that take into account a borrower's ability to repay without undue financial hardship.
2) What Responsible Lending Means in Practice
Responsible lending involves more than access to credit. It includes ethical standards designed to reduce the risk of financial harm and promote long-term financial stability.
Within the scope of the App, responsible lending includes:
- Clear presentation of potential loan amounts, APRs, and repayment terms
- Full disclosure of fees and total repayment costs before acceptance
- Encouraging borrowers to review and understand all loan documents
- Avoiding deceptive, misleading, or coercive practices
All final loan terms, approvals, and contractual obligations are determined solely by third-party lenders.
3) Standards We Support
3.1 Standards We Expect from Financial Partners
While we are not a lender, we expect participating lenders and service providers to adhere to standards that include, where applicable:
- Compliance with applicable federal and state lending laws
- Clear disclosure of APR, fees, and repayment obligations
- Transparent loan agreements written in understandable language
- Lawful underwriting practices based on legitimate eligibility criteria
- Respect for consumer rights related to privacy and data protection
3.2 Practices We Do Not Support
We do not support or promote lending practices that involve:
- Hidden fees or undisclosed charges
- Misrepresentation of loan costs or repayment obligations
- Pressure tactics intended to force acceptance of an offer
- Lending terms that violate applicable usury or consumer protection laws
- Unauthorized use or sharing of personal or financial information
We reserve the right to discontinue relationships with partners that fail to meet applicable legal or ethical standards.
4) Borrower Responsibilities
Responsible lending also requires responsible borrowing. Users of the App are encouraged to:
- Provide accurate, complete, and truthful information
- Carefully review all loan disclosures and agreements
- Understand repayment schedules, due dates, and total costs
- Borrow only amounts that are reasonably affordable
- Make payments on time to avoid additional fees or negative credit impacts
Failure to meet repayment obligations may result in fees, collection activity, or negative credit reporting, as determined by the lender.
5) Tips for Borrowers
Before accepting a loan or cash-advance offer, consider the following guidance:
Understand the APR
APR reflects the annual cost of borrowing and may include interest and certain fees. A higher APR generally increases the total cost of the loan.
Review the Full Repayment Schedule
Make sure you understand how many payments are required, the amount of each payment, and the payment due dates.
Compare Options
If multiple offers are available, compare APRs, fees, and repayment terms to identify the option that best fits your financial situation.
Borrow Only What You Need
Borrowing more than necessary increases repayment obligations and total interest costs.
Plan for Repayment
Review your budget and ensure you can meet repayment obligations without relying on additional credit.
6) Warning About Predatory Lending
Predatory lending refers to unfair, deceptive, or abusive lending practices that place borrowers at an unreasonable disadvantage. These practices may include:
- Excessive or undisclosed fees
- Extremely high interest rates that exceed legal limits
- Short repayment terms that create cycles of debt
- Pressure to refinance repeatedly without meaningful benefit
- Lack of meaningful disclosure or consent
If you believe a lender has engaged in predatory practices, you should carefully reconsider accepting the offer and may wish to seek independent financial or legal advice.
7) No Guarantee of Approval or Terms
Using the App to explore loan or cash-advance options does not guarantee approval, specific interest rates, or particular repayment terms. All lending decisions are made independently by third-party lenders based on their own underwriting criteria and applicable laws.
8) Educational Purpose Only
The information provided on this page is intended for general educational purposes and does not constitute financial, legal, or credit advice. Users are encouraged to consult qualified professionals regarding their individual financial circumstances.
9) Questions or Concerns
If you have questions about our approach to responsible lending or how information is presented within the App, you may contact:
BEI money HK LLC
504 Ellison St, Branson, MO 65616-2807
Email: [email protected]
Phone: (928) 492-6840
For questions related to a specific loan agreement, repayment obligation, or lender practice, you should contact the lender directly using the information provided in your loan documentation.