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LendCedar

Licensing and disclosures

LendCedar publishes loan guides and passes loan requests to lenders and loan brokers. Here is what that role means, and how to check any company that contacts you about a loan.

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What LendCedar does

LendCedar is an educational website about personal installment loans. When a visitor sends the loan request form, we pass the request to lenders and loan brokers who work with us, and they pay us for it (How we make money).

LendCedar is not a lender, not a loan broker and not a government agency. We do not make credit decisions, quote rates, approve loans, negotiate terms or handle loan funds. LendCedar does not claim to hold any lending, brokering or other financial license.

Who must be licensed

In many states, a non-bank company that makes consumer installment loans needs a state license, and some states also license companies that arrange loans for a fee. License names, thresholds and exemptions differ from state to state. Banks and credit unions operate under separate federal or state charters and supervision. Each state rules page names the license a lender needs there and the agency that issues it.

Some states also license or register loan brokers, credit services organizations or lead generators that are paid for referrals. Whether any such rule applies to LendCedar is a question for legal counsel. If we obtain a license or registration, it will be listed on this page with its number.

How to check a lender or broker

Before you share bank details or sign anything, check the company that contacted you:

  1. Get its full legal name. Ask for the name on the loan agreement, not only a brand or website name.
  2. Search NMLS Consumer Access. Go to NMLS Consumer Access, the public lookup of the Nationwide Multistate Licensing System. Search the company name or its NMLS ID and see which states license it and for what.
  3. Check your state regulator. Some license types do not appear in NMLS. The state rules page for your state links the regulator that issues lending licenses and its license lookup or phone line.
  4. Compare the details. The name, address and license type on the record should match what is on the loan documents. If they do not, stop and ask why.

A license tells you the company is allowed to lend in your state. It does not mean the offer is a good one: compare the APR, fees and total cost with at least one other offer.

Where to complain

  • Your state regulator. The agency that licenses the lender handles complaints about its loans. Find it on your state rules page.
  • The Consumer Financial Protection Bureau. File online at consumerfinance.gov/complaint. The CFPB passes your complaint to the company for a reply.
  • About LendCedar itself. If a call, text or email that mentioned LendCedar worried you, or you want to stop contact, write to contact@lendcedar.com or use the contact form.

Our address

LendCedar, 1305 W 11th St, Suite 688, Houston, TX 77008, United States. Email: contact@lendcedar.com.