Community Credit Line - Loan Cost & Terms

LOAN COST & TERMS

REPAYMENT OPTIONS:

AUTOMATIC: The cost to you is listed in the table below. Do nothing and your principal balance and finance charges will automatically begin paying down on your sixth due date. This means you have the option to pay the finance charge for up to five pay periods before the system automatically starts withdrawing an additional $50 on top of the finance charge. This will lower your principal balance and finance charges associated with the open balance. Please note, should you choose this option, the total amount that you pay for this loan will be greater than if you chose to pay off or pay down at an earlier time.
PAY DOWN: You have the option to pay down the open balance at any time either by visiting the website or calling/emailing us directly. This provides you the flexibility to pay more when you can afford it and less when you cannot. For example, if you wished to pay an additional $5 towards your principal on a given due date, we would add that amount to your payment and on your next due date the finance charge would decrease. Please note that any extra amount of principal that is paid will ultimately lower the total cost of the loan. More flexible options are available by speaking with a representative directly.
PAY OFF: Pay the loan in full. You can choose this option at any time by visiting the website or calling/emailing us directly. Once the loan is paid in full you will not be charged again and you may qualify for an increased amount. Please note that this option is the best and most suggested way to pay the least amount of finance charges and the lowest amount possible.
PLEASE NOTE: *You must log on to the website to change your payment option by 3:45 PM MST the banking day (excluding bank holidays) before your scheduled due date.
- A finance charge: is a measure of the cost of the loan, expressed in dollars. The finance charge includes charges and fees directly and indirectly imposed by the lender as a condition of the loan.
- Annual Percentage Rate: is a measure of the cost of credit, expressed as a nominal yearly rate. The APR relates the amount and timing of the value received by the consumer to the amount and timing of payments he or she must make.
- Amount Financed: the net amount of credit extended for the consumer’s use.

Pay Frequency

This Week (November 18 - November 24)
Next Week (November 25 - December 1)
The of each month
The
The and of each month
The and

Non-business Days

Move to the previous business day

Move to the next business day

Loan of approved today

Annual Percentage Rate	Finance Charge	Amount Financed	Total of payments
The cost of your credit as a yearly rate	The dollar amount the credit will cost you	The amount of credit provided to you or on your behalf	The amount you will have paid after you have made all payments as scheduled

Your payment schedule (the "Payment Schedule") will be:
Number of Payments	Amount of Payments	When Payments are Due

*Community Credit Line is a tribal lending entity wholly owned by the Big Lagoon Rancheria Band of Yurok and Tolowa Indians of the Big Lagoon Rancheria (“Tribe”), a sovereign nation located within the United States of America and a federally recognized Indian tribe that is created for the benefit of the Tribe and operating pursuant to Tribal law, and is operating within the Tribe’s Reservation. Community Credit Line reviews and approves loans in the Tribe’s offices. Community Credit Line is a licensed tribal lender in compliance with the Tribe’s Consumer Financial Services Regulatory Code, a copy of which can be found here Big Lagoon Rancheria Tribal Consumer Financial Services Regulatory Code. You can contact the Tribe at service@communitycreditline.com or by mail at Community Credit Line, 600 F. Street, Ste 3, #721 Arcata, CA 95521.

Applications processed and approved before 3:45 P.M. MST are typically funded the next business day. In some cases, we may not be able to verify your application information and may ask you to provide certain documents. You may refer to the Loan Cost & Terms section for additional details however complete disclosures of APR, fees and payment terms are provided within the Loan Agreement.

Notice: This is an expensive form of credit. Community Credit Line provides loans which are designed to help you meet your short-term and/or emergency borrowing needs. Appropriate emergencies might be a car repair, medical care for you or your family, or travel expenses in connection with your job. This service is not intended to provide a solution for longer-term credit or other financial needs. Alternative forms of credit may be less expensive and more suitable for your financial needs. Alternative sources you could consider include: a credit card cash advance; personal loans; home equity line of credit; existing savings; or borrowing from a friend or relative. Individuals with credit difficulties should seek credit counseling. We encourage clients to pay in full as soon as possible without any pre-payment penalty, doing so will result in cost savings.

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