| This
service does not constitute an offer or solicitation for pay advances
in all states. This service may or may not be available in your
particular state. The states which this web site services may
change from time to time without notice. All aspects and transactions
on this web site, will be deemed to have taken place in our office
in Costa Rica and subject to Rules and Regulations
of the Republic of Costa Rica, regardless of where you may be viewing
or accessing this site. $255 amount is available to established
clients in good standing who have completed at least two transactions
with PayAdvance.com
In the event that any check, ACH debit, or electronic debit that you have authorized us returns for any reason: (1) you agree to pay a returned check charge of $15; (2) you authorize us to initiate debits to your checking account in amounts up to or less than the amount owed until the amount owed is paid in full. The authorization remains in full force and effect until we receive a written notice of termination, and until we have had a reasonable opportunity to act on this authorization. LIMITATIONS ON DAMAGES: We will not be responisble for bank fees or any other damages arising out of any aspect of electronic transactions due to events not under our direct control. In cases where clerical error was made on our part, damage reimbursments will be limited to the refund of the service fees for that transaction only. RIGHT TO REFUSE SERVICE: We reserve the right to refuse service or to close your account with PayAdvance.com for any reason. |
ARBITRATION PROVISION: Any and all disputes or disagreements between the parties arising out of any aspects or transactions on this web site shall be resolved, by binding arbitration and in accordance with the rules of the American Arbitration Association as presently published and existing. The parties agree to be bound by the decision of the arbitrator(s). The arbitration proceeding shall be a condition precedent to any other court proceeding. Notwithstanding the applicability of any other law or any other provision of this agreement, the Federal Arbitration Act. 9 U.S.C. Section 1ff shall control the construction, interpretation, and application of the paragraph. Any issue as to whether the agreement is subject to arbitration shall be determined by the arbitrator. Any cost of arbitration will be paid by the party to be determined by the arbitrator. CLASS ACTIONS: To the extent permitted by law, you agree that you will not bring, join or participate in any class action as to any claim, dispute or controversy you may have against Pay Advance, LTDA or PayAdvance.com or its employees, officers, directors and assignees. You agree to the entry of injunctive relief to stop such a lawsuit or to remove you as a participant in the suit. This agreement does not constitute 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. |
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FEDERAL RESERVE REGULATION Z DISCLOSURES
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| When you receive a $200 pay advance from us, and you pay back $235 on the agreed upon date, the following disclosure will apply to your transaction. | |||
| ANNUAL PERCENTAGE RATE | FINANCE CHARGE | AMOUNT FINANCED | TOTAL OF PAYMENTS |
| The cost of your credit as a yearly rate. | The dollar amount the credit will cost you. | The amount of credit provided to you or on your behalf. | The amount you will have paid after you have made all payments as scheduled. |
| 326% to 6826%* | $35 | $200 | $235 |
| *Please see the Schedule of APR | |||
| Your payment schedule will be: | ||
| Number of Payments | Amount of Payments | When Payments are Due |
| 1 | $235 | Please see our Policy on pay back dates. |
| Prepayment: If you pay off early, you will not be entitled to a refund of part of the finance charge. | ||
| Itemization of the Amount Financed of $200 | |
| $200 Amount given to you directly | $35 Prepaid finance charge |
| When you receive a $255 pay advance from us, and you pay back $300 on the agreed upon date, the following disclosure will apply to your transaction. | |||
| ANNUAL PERCENTAGE RATE | FINANCE CHARGE | AMOUNT FINANCED | TOTAL OF PAYMENTS |
| The cost of your credit as a yearly rate. | The dollar amount the credit will cost you. | The amount of credit provided to you or on your behalf. | The amount you will have paid after you have made all payments as scheduled. |
| 326% to 6826%* | $45 | $255 | $300 |
| *Please see the Schedule of APR | |||
| Your payment schedule will be: | ||
| Number of Payments | Amount of Payments | When Payments are Due |
| 1 | $300 | Please see our Policy on pay back dates. |
| Prepayment: If you pay off early, you will not be entitled to a refund of part of the finance charge. | ||
| Itemization of the Amount Financed of $255 | |
| $255 Amount given to you directly | $45 Prepaid finance charge |
| The following is a schedule
of APR based on the number of days the $235 or the $300 payback amount is post-dated.
This schedule is not to be interpreted as meaning that you can automatically
post-date your check for up to 21 days. You must follow the rules
found on the Policy of pay back dates in determining when to pay back.
To find the APR applicable to your transaction, first determine the number of days it is taking you to pay back the $235 or $300 payback amount, then find the APR corresponding to that number. |
| Number
of Days until payback |
365 day APR for $200 Advance/paying back $235 |
365 day APR for $255 Advance/paying back $300 |
| 1 | 6300% | 6441.18% |
| 2 | 3150% | 3220.59% |
| 3 | 2100% | 2147.06% |
| 4 | 1575% | 1610.29% |
| 5 | 1260% | 1288.24% |
| 6 | 1050% | 1073.53% |
| 7 | 900% | 920.17% |
| 8 | 787.5% | 805.15% |
| 9 | 700% | 715.69% |
| 10 | 630% | 644.12% |
| 11 | 572.73% | 585.56% |
| 12 | 525% | 536.76% |
| 13 | 484.62% | 495.48% |
| 14 | 450% | 460.08% |
| 15 | 420% | 429.41% |
| 16 | 393.75% | 402.57% |
| 17 | 370.59% | 378.89% |
| 18 | 350% | 357.84% |
| 19 | 331.58% | 339.01% |
| 20 | 315% | 322.06% |
| 21 | 300% | 306.72% |
| If you get paid twice a
month or every two weeks: You must use your very next pay date. If
that date is less than a week away, you may use the following pay
date.
If you get paid once a month: You must use your next pay date or a date that is up to 16 days away from the transaction date, whichever comes first. If you get paid every week: You may use your next pay date or the subsequent pay date. |
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If you have any questions that have not been answered, please feel free to e-mail us at support@payadvance.com |
