Our lender network
Who's in our network, how they got there, and why it matters.
How we evaluate lenders
Every lender in our network is reviewed before being added — and re-evaluated periodically.
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State licensing
Lenders must hold valid licensing to issue consumer loans in the states where they operate. Operating without required licensing is grounds for immediate removal from the network.
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Regulatory standing
Active investigations, enforcement actions, or unresolved violations with the Consumer Financial Protection Bureau, the Federal Trade Commission, or state regulators disqualify a lender from our network.
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Clear terms
Lenders must disclose APR, fees, and repayment schedules upfront — before the borrower commits. We don't work with lenders who rely on fine-print surprises.
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Reasonable collections practices
A lender's collections behavior, complaint history with the CFPB, and Better Business Bureau rating are reviewed before joining the network and periodically afterwards.
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Truth in Lending Act compliance
Compliance with the Truth in Lending Act, including required disclosures and accurate APR calculation, is non-negotiable.
Where matching is available
Perks Loans operates in states where our network includes at least one licensed lender able to serve borrowers in that state.
Some states have stricter regulations on short-term consumer lending that limit the lenders we can match you with. In a small number of states, we may not be able to provide matches at all due to regulatory restrictions or lender unavailability.
For a current list of available states, contact [email protected].
What the network doesn't do
Perks Loans is the bridge between borrowers and lenders. We are not the lender. We don't approve loans, set interest rates, determine fees, or assess your creditworthiness. Each lender in our network makes those decisions independently, using their own underwriting criteria.
We also don't pre-rank lenders by who pays us more. Matches shown in the app are based on the loan parameters you entered — amount, term, your stated information — and the lenders most likely to be able to help, given those parameters.
When the network changes
Lenders are added to or removed from our network as their licensing, regulatory standing, or service quality changes.
If a lender we matched you with previously is no longer in our network, that doesn't affect a loan you already have with them. The terms of your existing loan are governed by the agreement you signed with that lender — not by Perks Loans.