Borrow on your terms

Lenders can find borrowers in our marketplace by clicking the lend button. Lenders can view loan details, including the loan amount, interest rate, and due date. Lenders can also review the repayment history, credit grade, financial status, and why the borrower needs funds. Lenders can either lend at the requested terms or send back edited terms to negotiate. Lenders can lend up to $2,000 per borrower, but there is no limit on the number of loans. Once a lender funds a loan, the borrower and lender will enter into a promissory note agreement. HelpPays offers defer requests, allowing borrowers to request loan extensions to avoid late payments. Every late payment hurts a borrower’s grade. If a borrower misses two payments in a row, they are blocked from the marketplace until they repay their outstanding loan. If a borrower remains in default of payment, all major credit bureaus will be informed, and lenders may legally pursue borrowers. HelpPays enables donations, so lenders may also choose to donate to borrowers at any time and receive a 501(c)(3) charitable donation receipt. Please check out our marketplace and see the latest funded loans on the funded loans page.

A brief overview of how lending works on HelpPays