Loan Terms
The undersigned principal(s) certifies that he/she has full authority to act on behalf of the applicant. The applicant (if a sole proprietor), principals, and guarantors each certify that all of the information contained in this application and on each document required to be submitted in connection herewith is true and complete.
The applicant (if a sole proprietor) and each guarantor hereby authorize Advantage Funding Solutions and or its assigns to obtain his/her individual credit report from the national credit bureau(s) for the purpose of considering this credit application and any subsequent update, renewal, collection or additional credit. A photocopy or facsimile of this authorization shall be as valid as the original.
Further, the applicant and guarantors hereby authorize each bank and finance reference listed in this credit application to release information about the applicants and guarantors to Advantage Funding Solutions or its designee, as requested by Advantage Funding Solutions or its designee. If your application for business credit is denied you have the right to a written statement of the specific reasons for the denial, within 60 days from the date you are notified of our decision. Advantage Funding Solutions will send you a written statement of the reason(s) for the denial within thirty (30) days of receiving your request for the statement.
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, (provided the applicant has the capacity to enter into a binding contract); or because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.
The Federal Agency that administers compliance with this law concerning this creditor is the Office of the Bureau of Consumer Financial Protection, 1700 G Street, NW, Washington, DC 20006. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. This means that when you open an account, Advantage Funding Solutions will ask you for your name, address, date of birth, and other information that will allow us to identify you. Advantage Funding Solutions may also ask to see a government-issued ID such as a driver’s license, non-driver’s ID, passport, or other identifying documents. If you intend to act as a Guarantor for the credit of one or more primary applicant(s) and are providing information to Advantage Funding Solutions for that purpose, please be advised that if Advantage Funding Solutions determines that you do not meet its standards of creditworthiness for the amount and/or kind of credit desired by the primary applicant, Advantage Funding Solutions is required by law to provide the specific reasons for such adverse action to the primary applicant and NOT to you.
Unless you are willing to share the specific reasons for adverse action based upon your credit history with the primary applicant you should not sign this application or submit a Personal Financial Statement to Advantage Funding Solutions.
Annual percentage rate (APR)
Basic Charges Effective from July 01, 2020, to December 31, 2023, Annualised Percentage Rate (APR) is 40%. APR will be applicable in case of no or minimum or partial payment, from the transaction date, until paid in full. The company, at its discretion, can revise these charges as per the prevailing SOC after due notice to the customer
Privacy Policy
Introduction Our privacy policy will help you understand what information we collect at Advantage Remarketing Solutions, how Advantage Remarketing Solutions uses it, and what choices you have. Advantage Remarketing Solutions built the Advantage Remarketing Solutions app as a free app. This SERVICE is provided by Advantage Remarketing Solutions at no cost and is intended for use as is. If you choose to use our Service, then you agree to the collection and use of information in relation to this policy. The Personal Information that we collect is used for providing and improving the Service. We will not use or share your information with anyone except as described in this Privacy Policy. The terms used in this Privacy Policy have the same meanings as in our Terms and Conditions, which are accessible on our website unless otherwise defined in this Privacy Policy.
Information Collection and Use For a better experience while using our Service, we may require you to provide us with certain personally identifiable information, including but not limited to users’ names, email addresses, gender, pictures. The information that we request will be retained by us and used as described in this privacy policy. The purpose of photos in the app is to showcase vehicle listings. As the users will need to upload photos of their vehicles for the listing so the app needs access to the media gallery/photos. The app does use third-party services that may collect information used to identify you.
gallery/photos Privacy The purpose of photos in the app is to showcase vehicle listings. As the users will need to upload photos of their vehicles for the listing so the app needs access to the media gallery/photos.
Security We value your trust in providing us with your Personal Information, thus we are striving to use commercially acceptable means of protecting it. But remember that no method of transmission over the internet, or method of electronic storage is 100% secure and reliable, and we cannot guarantee its absolute security.
Children’s Privacy This service does not address anyone under the age of 17. We do not knowingly collect personally identifiable information from children under 17.
Changes to This Privacy Policy We may update our Privacy Policy from time to time. Thus, you are advised to review this page periodically for any changes. We will notify you of any changes by posting the new Privacy Policy on this page. These changes are effective immediately after they are posted on this page.
Contact Us If you have any questions or suggestions about our Privacy Policy, do not hesitate to contact us.
