Borrowing is a serious financial decision. WISHU LOANS LLC encourages every consumer to understand a loan's full cost — including interest, fees, and the total repayment amount — before accepting any offer.
1. Borrow only what you need
Request the smallest amount that covers your need. Smaller loans are cheaper and easier to repay on schedule.
2. Understand the terms
Loan amounts available through WISHU typically range from $50 to $5,000, with repayment terms from 70 days to 36 months and estimated APRs from 4% to 35.55%. Every lender must disclose its rates, fees, and repayment schedule before you accept an offer — read them carefully. The Terms tab in the app explains APR, loan term and other key terms in plain language.
3. Consider the alternatives
Depending on your situation, alternatives such as payment plans with your creditors, assistance programs, or borrowing from family may be less expensive. Short-term, high-cost borrowing should be used for short-term needs only, not as a long-term financial solution.
4. Late payments and collections
Missing payments can result in additional fees and collection activity, and may be reported to credit bureaus, affecting your ability to borrow in the future. If you expect difficulty making a payment, contact your lender before the due date — many lenders offer hardship options.
5. Fair lending
Lenders in our network are expected to comply with applicable federal and state fair lending laws, including the Equal Credit Opportunity Act, which prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because you receive public assistance.
6. Questions
- Company
- WISHU LOANS LLC
- 1224 Lansing St, Aurora, CO 80010-3718
- Website
- wishuloans.com