Lending Education for Borrowers

EPIC knows that choosing to borrow from an online lender can be a big decision. Knowing the rules, regulations and picking a reputable lender can get a bit confusing. Understanding all the necessary elements when borrowing funds online doesn’t have to be daunting.

EPIC is here to help. We have created this page in an effort to help those who are interested in borrowing funds online. Use this page to understand the process, find resources that explain the principles of responsible lending, research organizations that explain online lending and advocate fair lending practices and much more! This page is updated often in an effort to provide you the most up to date information so that you can make an educated decision.

EPIC wants to assist you with any question you may have. If you would like to speak to one of our experienced consultants feel free to contact us via email at

Financial Knowledge Resources

Fraud Prevention Center

Consumers can learn how to recognize common frauds and scams and what actions they need to take to protect their financial well-being

Financial literacy and Education Commission

The Financial Literacy and Education
Commission was established under the
Fair and Accurate Credit Transactions Act
of 2003.

Online Lending Advocacy

What is Driving the 'Unbanking of America' ?

Author Lisa Servon says a growing number of Americans are giving up on traditional banks and relying instead on alternatives, including prepaid debit cards, check-cashing centers and online lenders.
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As part of OLA’s ongoing mission to educate consumers about short-term, small-dollar loans, the OLA provides information to ensure that consumers are well-informed before taking out a short-term loan. Ensuring responsible use of online short-term loans is the responsibility of both the online lender and the borrower.
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How an Online Loan Saved One Man's Life

In February, I was given the unlikely opportunity to testify before Congress on the Consumer Financial Protection Bureau’s (CFPB) proposed small-dollar lending rule. My testimony was unlikely because I grew up in public housing, spent time in federal prison for selling drugs – and I’m a satisfied customer of the payday lending industry.
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What You Need to Know about Online Lending

How to get a personal loan

A personal loan is a loan that is unsecured by collateral. Borrowers are qualified on the basis of credit score, income and other factors indicating they have the means to pay back the loan.

The truth about tribal lending

The short-term installment loan products offered by NAFSA members’ TLEs are not payday loans; they are installment loans. NAFSA members never engage in abusive collection practices or in any way disrespect or disregard the rights of our customers.