Borrow Wisely
Newton Simon doesn’t set loan terms, but we want you to understand them before you sign.
Time has a price
Stretching a loan lowers each payment and raises the total.
$2,000 at 19.90% APR costs $222.04 in finance charges over 12 months ($185.17 a month) and $554.80 over 30 months ($85.16 a month).
Five questions for the lender
- What is the APR and the total of payments?
- When are payments due and how are they taken?
- What fees apply to late or failed payments?
- Can I repay early without a penalty?
- Are you licensed to lend in my state?
When to hold off
Reconsider if the loan would cover recurring bills, if you’d need another loan to repay it, or if you’re already behind on other debts.
Alternatives
- Payment plans from utilities, landlords and medical providers
- Credit union small-dollar loans for members
- Employer pay advances, sometimes free
- 211 for local help with housing, utilities and food
- Nonprofit credit counseling for budgeting and debt plans
If repaying gets hard
Contact your lender before the due date. Early conversations open more options.
Getting help
Loan questions go to your lender. Complaints about a lender can go to your state financial regulator or the Consumer Financial Protection Bureau at consumerfinance.gov. For Newton Simon:
Newton Simon Advertising and Marketing, Inc.
8340 Royal Troon Dr, Duluth, GA 30097
1 (404) 555-0115 · office@newton-simon.com