Bounced Check Fees: AeroAdvance’s policy towards returned items, bounced checks, NSF, and insufficient funds is very strict. We charge $25 for every occurrence, where state law allows. You have 1 day to report your NSF or respond to an email from our collections department. If you do not respond, AeroAdvance turns these accounts over to its collection agency for immediate collections.
Late Fees: AeroAdvance reserves the right to charge a $15 late fee, where state law allows, if funds are not remanded when the contract stipulates in its payback date field. You agree to pay this late fee when you sign the contract.
Extension Fees : AeroAdvance Financial, Inc. allows you to refinance your loan*. Your due date will typically run a standard two-week pay cycle. The due date follows the pay dates that you state in your contract. If you do not include a due date on your contract, it will default to 14 days from the day you received the loan.
*Note: Where extensions are prohibited, your loan must be paid in full and then you may apply for another loan.
Closed Accounts and Stop Payments: If your account is closed, you will be charged a $25 service fee, where state law allows. If you stop payment or freeze payments that you have agreed to make, you will be charged a $25.00 service fee, where state law allows. These charges represent our labor and time that must be put forth to collect, service, and maintain our loans.
Credit Checks Explanation and Disclosure: AeroAdvance Financial, Inc. reserves the right to do credit checks on all customers for the purposes of determining whether or not you qualify for a loan with AeroAdvance. If you have a low credit score, you may qualify for a loan with AeroAdvance Financial, Inc. We use the services of Experian, Equifax and TransUnion as part of a large scorecard. We also subscribe to TeleTrack (http://www.teletrack.com), which tracks cash advance loans on a nationwide basis. They also keep track of NSF (bounced checks) and other pertinent information in lending you a cash advance or payday loan**.
**Note: As required by law, you are hereby notified that a negative credit report reflecting on your credit record may be submitted to a credit-reporting agency if you fail to fulfill the terms of your credit obligation.
