Fees & Terms
Fees & Terms (Texas) – Credit Access Business (CAB)
Effective Date: June 15, 2025
This page provides general fee and term information for Texas consumers. Your exact fees, repayment schedule, and total cost will be provided to you in writing before you sign any agreement.
1) Credit Access Business (CAB) Disclosure
Loan Credit USA operates as a Credit Access Business (“CAB”) under Chapter 393 of the Texas Finance Code. A CAB is not a lender. A CAB provides credit access services, which may include assisting a consumer in obtaining a loan from a third-party lender and providing related administrative services.
CAB Fee: The fee charged by the CAB for its services is disclosed in your Credit Services Agreement. This CAB fee may vary based on the amount advanced, loan structure, and other factors permitted by Texas law. The CAB fee is not interest and is separate from any interest and/or fees charged by the lender.
Important: You will receive and review all required disclosures and agreements before signing. If you do not agree to the fees or terms, you may decline to proceed.
2) Licensing & Regulatory Information (OCCC)
This business operates as a Texas Credit Access Business and is subject to regulation and examination by the Texas Office of Consumer Credit Commissioner (OCCC).
Texas Credit Access Business License:
License Number: To be displayed here upon issuance/receipt from the Texas OCCC.
We provide consumers the required disclosures in the format prescribed by Texas law and OCCC rules.
3) General Loan Terms (Summary)
| Item | Description |
|---|---|
| Products | Consumer loans arranged through a CAB with third-party lenders (may be unsecured or secured depending on product and lender). |
| Amount Advanced | Varies based on eligibility and lender underwriting. Your approved amount is disclosed prior to signing. |
| Term / Duration | Varies. Some products may be single-payment; others may be installment loans. Your exact schedule is disclosed before signing. |
| Interest | Interest (and any lender fees) are charged by the third-party lender and disclosed in the lender’s loan agreement. |
| CAB Fee vs. Interest | CAB fees are for credit access services and are not interest. Lender interest is separate and disclosed by the lender. |
| Early Payoff | You may pay off the loan early. Any lender prepayment policies are disclosed in the lender agreement. |
4) Fee Schedule (CAB + Common Third-Party/Lender Fees)
The fee schedule below is a general summary. Your exact CAB fee and lender terms are disclosed in your written agreements before signing.
A) CAB Fees
| Fee | How it works |
|---|---|
| CAB Fee | Disclosed in your Credit Services Agreement. May vary based on amount advanced and loan structure as permitted by Texas law. |
| Optional Services (if offered) | If any optional services are offered, the cost and terms will be disclosed prior to your acceptance. |
B) Common Lender / Third-Party Fees (If Applicable)
| Fee | Notes |
|---|---|
| Lender Interest | Disclosed in the lender’s loan agreement. |
| Late Fee (if applicable) | If applicable, disclosed in your lender agreement (amount and timing vary by lender/product). |
| NSF / Returned Payment Fee (if applicable) | If applicable, disclosed in your lender agreement and/or authorization documents (amount may vary). |
| Lien Filing / Title Related Fees (secured loans only) | Only applies to certain secured products. Exact fees disclosed prior to signing. |
| Collection Costs | If referred to collections or legal action, you may be responsible for costs permitted by law and disclosed in your agreements. |
5) Cost Disclosure Examples (OCCC Examples: $300 / $500 / $1,000)
The examples below are provided to help consumers understand typical cost components. Your actual CAB fee, lender interest, total of payments, and total cost will be disclosed in writing before you sign.
Example 1 – $300 Amount Advanced
| Amount Advanced (Cash Advance) | $300.00 |
| CAB Fee | Disclosed in your Credit Services Agreement (may vary) |
| Interest Paid to Lender | Disclosed in the lender loan agreement |
| Total Cost / Total to Repay | $300.00 + CAB Fee + Lender Interest |
Payment timing and number of payments vary by product. Your exact schedule is disclosed before signing.
Example 2 – $500 Amount Advanced
| Amount Advanced (Cash Advance) | $500.00 |
| CAB Fee | Disclosed in your Credit Services Agreement (may vary) |
| Interest Paid to Lender | Disclosed in the lender loan agreement |
| Total Cost / Total to Repay | $500.00 + CAB Fee + Lender Interest |
Payment timing and number of payments vary by product. Your exact schedule is disclosed before signing.
Example 3 – $1,000 Amount Advanced
| Amount Advanced (Cash Advance) | $1,000.00 |
| CAB Fee | Disclosed in your Credit Services Agreement (may vary) |
| Interest Paid to Lender | Disclosed in the lender loan agreement |
| Total Cost / Total to Repay | $1,000.00 + CAB Fee + Lender Interest |
Payment timing and number of payments vary by product. Your exact schedule is disclosed before signing.
Note: Texas requires CABs to use the current prescribed disclosure formats for consumer disclosures. The examples above are website summaries only and do not replace the written disclosures you receive before signing.
6) Payments, Authorizations & Returned Payments
If you authorize electronic payments (ACH, debit card, or other permitted methods), the authorization terms and your payment schedule will be provided before signing. If a payment is returned or rejected, fees may apply as disclosed.
- Payment method: Disclosed in your agreements and may include ACH or other permitted methods.
- Returned payments / NSF: If applicable, disclosed in writing prior to signing.
- Late payments: If applicable, disclosed in the lender agreement.
7) Default and Collections
If you miss a payment or otherwise default, your account may be subject to additional actions permitted by law and disclosed in your agreements, which may include collection activity and possible legal action.
- Collection costs permitted by law
- Attorney fees and court costs (if applicable and permitted)
- Additional lender fees as disclosed (if applicable)
8) Complaints / Contact the OCCC
If you have a question or complaint that cannot be resolved directly with us, you may contact the Texas Office of Consumer Credit Commissioner (OCCC):
Office of Consumer Credit Commissioner
2601 N. Lamar Blvd.
Austin, Texas 78705
Phone: (800) 538-1579
Website: www.occc.texas.gov
9) Frequently Asked Questions
Am I borrowing money from Loan Credit USA?
No. As a Credit Access Business, we provide credit access services. The loan is provided by a third-party lender.
Is the CAB fee the same as interest?
No. CAB fees are for credit access services and are not interest. Lender interest is disclosed in the lender’s loan agreement.
Can I see all fees before I sign?
Yes. You receive written disclosures and agreements showing fees, schedules, and total costs before signing.
Do you offer installment loans?
Product availability varies by lender and eligibility. Your loan structure (single-payment or installment) is disclosed before signing.
Where will the CAB license number be displayed?
It will be posted in the “Licensing & Regulatory Information” section above as soon as it is available.
10) Important Notice
This page provides general information. Your transaction is governed by the written agreements and disclosures you receive before signing. If you have questions, please contact us before you proceed.
11) SMS Terms of Service
Subscriber text messaging originator opt-in data and consent details will not be shared with any third parties except when explicitly authorized by the subscriber.
By opting in to text messages, you are agreeing to receive SMS text messages for account notifications from Loan Credit USA. Message and data rates may apply. Message frequency will vary.
To opt-out at any time, reply STOP to any message we send, or reply HELP for more information. If you have any questions, you may contact us at (XXX) XXX-XXXX or email INFO@LOANCREDITUSA.COM.
