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Last updated: December 15, 2024
By accessing and using Colless Delivery financial services, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service. These terms constitute a legally binding agreement between you and Colless Delivery regarding your use of our financial products and services.
Colless Delivery provides various financial services including but not limited to personal loans, business financing, payment processing, and credit facilities. All financial products are subject to credit approval and eligibility requirements as determined by our underwriting standards.
Personal loans range from $1,000 to $50,000 with repayment terms between 12 to 84 months. Business loans may extend up to $500,000 with terms up to 120 months, subject to qualification criteria and collateral requirements.
Borrowers must be at least 18 years old, have a valid Social Security number, maintain a minimum credit score of 580, and demonstrate sufficient income to support loan repayment. Additional documentation may be required including tax returns, bank statements, and employment verification.
Annual Percentage Rates (APR) range from 5.99% to 35.99% based on creditworthiness, loan amount, and term length. Interest rates are fixed for the duration of the loan unless otherwise specified in your loan agreement. Rate quotes are valid for 30 days from the date of application.
Variable rate products may be subject to rate adjustments based on market conditions and the prime rate as published in The Wall Street Journal. Rate change notifications will be provided at least 30 days in advance.
Loan origination fees range from 1% to 6% of the loan amount and are deducted from loan proceeds at funding. No origination fees apply to loans under $5,000 or for qualified borrowers with excellent credit ratings.
Late payment fees of $25 or 5% of the payment amount (whichever is greater) apply to payments received more than 10 days after the due date. Consecutive late payments may result in additional penalties and acceleration of the loan balance.
Borrowers may prepay loans without penalty. Prepayment reduces the principal balance and accrued interest but does not excuse any unpaid fees or charges. Interest savings apply only to future interest that would have accrued.
Borrowers are required to make timely payments according to the agreed schedule, maintain adequate insurance on collateral property, notify Colless Delivery of address changes within 30 days, and provide updated financial information upon request.
Borrowers must not use loan proceeds for illegal activities, gambling, or speculative investments. Misrepresentation of financial information or loan purpose may result in immediate loan acceleration and legal action.
Default occurs when payment is 30 days past due, borrower files for bankruptcy, provides false information, or violates any material term of the loan agreement. Upon default, the entire loan balance becomes immediately due and payable.
Default may result in collection activities, credit reporting, legal action, and seizure of collateral. Borrowers remain liable for all costs associated with collection efforts including attorney fees and court costs.
Colless Delivery reports payment history to major credit bureaus including Experian, Equifax, and TransUnion. Positive payment history may improve credit scores while late payments and defaults will negatively impact credit ratings.
Your personal and financial information is protected according to our Privacy Policy, which is incorporated by reference into these terms. We may share information with credit bureaus, service providers, and regulatory agencies as permitted by law.
By using our services, you consent to the collection, use, and sharing of information as described in our Privacy Policy. You have the right to request access to your personal data and request corrections to inaccurate information.
Colless Delivery operates under applicable federal and state banking regulations including the Truth in Lending Act, Fair Credit Reporting Act, and Equal Credit Opportunity Act. We are committed to fair lending practices and non-discriminatory treatment of all applicants.
Disputes arising from these terms or your loan agreement will be resolved through binding arbitration administered by the American Arbitration Association. You waive the right to participate in class action lawsuits against Colless Delivery.
Before initiating arbitration, parties must attempt good faith resolution through our customer service department. Arbitration proceedings will be conducted in the state where your loan was originated.
Colless Delivery's liability is limited to the amount of fees paid by you in the 12 months preceding any claim. We are not liable for indirect, consequential, or punitive damages arising from your use of our services or any system interruptions.
These terms may be modified at any time with 30 days written notice. Continued use of our services after modification constitutes acceptance of revised terms. Material changes affecting existing loans will not apply retroactively without your consent.
These terms are governed by the laws of the state where your loan agreement was executed, without regard to conflict of law principles. Federal law applies where applicable to banking and lending regulations.
For questions regarding these terms or your loan account, contact our customer service team at (555) 847-2901 or email [email protected]. Written correspondence should be sent to Colless Delivery Financial Services, 1247 Commerce Boulevard, Suite 300, Denver, CO 80202.
Important Notice:By proceeding with any financial service application, you acknowledge that you have read and understood these Terms of Service in their entirety. These terms form part of your loan agreement and are legally binding upon acceptance of any loan offer.