Read Your T&Cs

Can you guess the biggest lie people in Texas tell almost every day? No, it’s not that they’ll “be there soon” whenever they’re late for a meeting or even that their partner’s new haircut looks good. For anyone who uses the Internet, the most common fib is clicking I Accept on the terms and conditions of various sites, apps, and gadgets. You probably clicked something similar just to get to this page, and you probably barely skimmed this request to track your cookies — if you read it at all. Who could blame you? The end-user licence agreements (EULAs, for short) that fill the Internet can seem like they’re written to discourage people from actually reading them, packed as they are with complex legalese that goes on for pages.Read your T&Cs

Some companies are worse for this than others — Apple in particular. With 56 pages to scroll through just to accept an update to the iOS, most people trust the tech giant and click accept without reading their terms and conditions in full. So far, there aren’t many consequences when you do this for a new iOS, but this habit of ignoring the fine print can be detrimental when you sign your name on a legal document or attempt to accept a loan.

Signing the contract for any financial product without reading its full rates, terms, and conditions can land you in hot water very quickly. In many ways, they’re similar to EULAs, in that you won’t find them particularly gripping reads. Though many of these agreements are about as thrilling as watching paint dry, they hold important information about your loan, including how and when you must repay it.

Depending on your lender, they may hope that you take the same perspective on their T&Cs as you do Apple’s. They’ll pad out their applications and contracts with complex language in which to conceal hidden fees and clauses that could affect your ability to repay your loan on time.

Your defence against these predatory companies is three-fold. First and foremost, you will have to take the time to read any legal document that you sign, especially if it concerns your finances. It’s an unavoidable step if you expect to make informed and responsible decisions. Secondly, you’ll want to find a lender that makes it easy to read their contracts. They should offer information in simple and clear language. Lastly, they should be licensed by the State of Texas in order to finance or facilitate your loan. The government only awards this accreditation to companies that meet their strict lending regulations.Read T&C

As both an accredited Credit Access Business (CAB) and Credit Services (CSO), licensed by the Office of the Consumer Credit Commissioner and State of Texas respectively, the lenders at MoneyKey are a prime example of how easy terms and conditions can be. They follow every law regarding lending practices in Texas. In doing so, information regarding your installment loan from MoneyKey is outlined in clear, no-nonsense terms at — which is also where you can find contact information that connects you with specialist should you have any questions. They keep things simple so you can determine if one of their installment loans is appropriate for your needs and capabilities.

No loan is appropriate for every situation or individual. Sometimes circumstances make perfectly reasonable rates, terms, and conditions unmanageable; you’re the only one who can determine that for yourself. It’s time to stop lying; the next time you say you’ve read and accepted the terms, make sure it’s the truth. Find a CAB that offers comprehensible T&Cs and read them all.