Credit Loan Policy

This Loan Policy ("Policy") outlines the requirements, processes, and responsibilities of both Credit by Avedson LLC ("we," "us," or "our") and the borrower. By applying for a loan, you agree to comply with the terms in this Policy.

Loan Eligibility

To be eligible for a loan with Credit by Avedson LLC, applicants must meet the following criteria:

• Be at least 18 years of age.

• Provide valid identification and proof of residence.

• Have a stable income source, with verifiable income documents.

• Provide additional information as requested for credit evaluation.

Meeting these eligibility criteria does not guarantee loan approval. All applications are subject to credit assessment.

Loan Application Process

• Application Submission: Applications can be submitted online through our Site [https://avedsontrade.com], where applicants must provide accurate and complete information.

• Document Verification: Applicants may need to provide proof of identity, residence, income, and other relevant documents.

• Credit Evaluation: We evaluate applications based on credit history, income, and debt obligations to assess creditworthiness.

• Loan Decision: Applicants will receive an approval or denial notification. Approved applicants will be informed of the loan amount, interest rate, and repayment terms.

Loan Terms and Conditions

• Loan Amounts: Loan amounts are determined based on the applicant’s creditworthiness, income, and requested amount.

• Interest Rates: Interest rates vary based on loan type, amount, credit score, and market conditions. Rates will be disclosed to the applicant before final approval.

• Repayment Terms: Repayment schedules vary by loan and are clearly outlined in the loan agreement. Payments can be scheduled monthly, bi-weekly, or as per the agreed-upon terms.

• Late Payments and Penalties:Late payments may incur additional fees or penalties as outlined in the loan agreement. Prolonged default may result in additional charges or legal action as required.

Types of Loans

• Avedson Marketplace Gadget Loan

• Grocery Loan

• PC Bargain Loan

• Motorcycle Loan

Loan types may be subject to different eligibility requirements, interest rates, and repayment terms.

• Payment Options: Repayments can be made through electronic bank transfer, direct deposit, or other methods as specified in the loan agreement.

• Prepayment: Borrowers may pay off the loan early without penalty unless specified otherwise in the loan agreement.

• Default: If a borrower fails to make payments according to the schedule, the loan may be classified as in default. In such cases, Credit by Avedson LLC reserves the right to take appropriate legal action and may report the default to credit bureaus.

Data Privacy and Confidentiality

All information collected during the loan application and evaluation process is treated with strict confidentiality. Please see our [Privacy Policy](insert link here) for information on data handling and protection.

Privacy Policy

Your use of our Site is also governed by our Privacy Policy, which explains how we collect, use, and protect your personal information. Please review our [Privacy Policy](https://avedsontrade.com/policy/privacy-policy) for details.

Loan Agreement

Approved borrowers must sign a formal loan agreement that outlines all terms, including:

• Loan amount, interest rate, and repayment schedule.

• Late fees, penalties, and conditions for default.

• Consequences of non-compliance with the repayment terms.

The loan agreement is legally binding and enforceable in accordance with the laws.

Rights and Responsibilities of Borrowers

• Right to Information:Borrowers have the right to clear information about the loan terms, repayment schedule, interest rates, and fees.

• Responsibilities:: Borrowers are responsible for repaying the loan on time and notifying us of any changes in contact information or financial circumstances that may affect loan repayment.

Contact Us

If you have any questions about these Terms, please contact us:

• Email: sales@avedson.com

• Phone: +1 671-487-4872.

• Address: Courtney’s Plaza Bldg. (right after Stoplight in Post Office), Chalan Kanoa, Saipan, Saipan 96950, MP