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16. Explanation and Terms of Paid Referral Services

Further Terms: Company’s intent is not to lend money directly to the Client, nor is it Company’s intent to give Client that impression. Company founders have in the business of directing clients to bonafide lenders and lending partners since 1998. The goal is to get clients approved for either loans or lines of credit of any amount and of any type. Almost without exception, every Client has been referred to a lender or lending partner that has approved or was willing to approve the Client for either a loan or a line of credit or both of varying amounts. Some Clients mistakenly think that the fee they are paying is a fee for a loan. This is not accurate. The fee is for the information we provide to the Client (referrals). We provide a limited/conditional money-back guarantee to the Client as detailed in these Terms of Service. The fee is charged because the lenders or lending partners we refer may not pay us commissions. Therefore, we have no choice but to charge the Client. Since Company will have absolutely no way of knowing what the Client has actually been approved for once the Company discloses the information to the Client, and will not know if the Client has actually followed instructions and applied to the referrals as we instructed, it is imperative that the full burden of proof of the results of all applications made to the lenders/partners rests solely with the Client. This is necessary because a Client may pay the referral fee, receive the information they paid for, but tell the Company that they did not get approved, thus requesting a refund even if the Client did not follow proper instructions or even if Client has benefited from the referral information. Therefore, the terms of service and guidelines for a Client requesting a refund are very strict and conditional. If Client does not wish to abide by these terms of service, then Client should not pay for Company’s services.

Client will be approved for the amount requested or Client will receive a prorated or full refund based on the actual approval amount subject to these terms of service.

Company will provide its top lending partners’ information (referrals) to the Client. Client needs to apply directly with the referrals. Upon proper and successful application to the referrals, Client will receive approval(s) from one or more referrals. The total approval amount to the Client as far as these terms of service is concerned is the total (collective) approval amount received by Client from each referral. Once the total approval amount has been determined through proper documentation, several results can occur. First and most ideal is that Client receives a total approval amount equal to or greater than Client has requested. In this case, services have been 100% successful and both Client and Company have fulfilled their obligations. Second is when the total approval amount is less than the full amount requested. In this case, Client shall be entitled to a partial refund of the referral fee paid provided that Client has fulfilled all obligations of these terms of service.

If a partial refund is in order, the chart below is a breakdown of total approval amounts received by Client and the referral fee amount that Company is entitled to keep for services rendered. This is assuming, of course, that the corresponding referral fee amount has been paid by the Client. If Client pays the corresponding referral fee of $350 for an approval amount of $90,000, then the amount of the referral fee that Company is entitled to keep is accurately reflected in the chart below. If the referral fee paid by Client is lower than $350, then all approval amounts listed above the corresponding referral fee amounts in the chart (below) do not apply. For example, if Client pays a referral fee of $300 for an approval amount of $50,000, then all amounts shown below or at the $300 referral fee level in the chart below apply, but approval amounts to the Client that are greater than $50,000 would not apply. In other words, Client is not going to be charged extra if the approval amounts are higher than what the Client has asked for and paid for. Company will provide referrals to the Client based on the amount sought and paid for, so that is unlikely to happen anyway. The most the Company is entitled to keep is 100% of the referral fee paid by the Client. There are no further fees due to Company other than the one-time referral fee.

If Client’s total approval amount is between $75,001 and $99,999, then Company is entitled to keep $350 of the referral fee (assuming, of course, that Client has paid $350 referral fee). Further total approval amounts and the referral fee amounts that Company would be entitled to keep are as follows:
Between $75,001 and $99,999 = $350
Between $50,001 and $75,000 = $325
Between $40,001 and $50,000 = $300
Between $30,001 and $40,000 = $275
Between $25,001 and $30,000 = $250
Between $20,001 and $25,000 = $225
Between $15,001 and $20,000 = $200
Between $10,001 and $15,000 = $175
Between $7,501 and $10,000 = $150
Between $5,001 and $7,500 = $125
Between $2,501 and $5,000 = $100
Between $1,001 and $2,500 = $75
Between $200 and $1,000 = $50
Below $200 = $0