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Get a $25 to $500 deposit advance on your money from people, not banks.
If you apply or are approved for a deposit advance, the following disclosures shall apply:
We do not charge a fee for the deposit advance, though we do ask for an optional donation. Your generosity helps us to operate our service and continue to provide assistance to others who are in need of a financial cushion. We select a weekly default donation based on the amount and duration of your advance but you may select any amount you think is fair.
The maximum term of your deposit advance agreement is 61 days. You may pay your advance off early at any time or extend the due date of your advance up to the maximum 8-week loan period (with a 3-day grace period at the beginning and a 2-day grace period at the end). There are no prepayment penalties or late fees.
If you still have a balance due after the initial 61-day term, you will have the option to convert your advance into a 60-day installment plan, during which time the remaining balance of your loan will be scheduled to be paid off in 4 equal semi-monthly payments.
While completing your deposit advance application, Hundy analyzes your bank transaction history among other data collected from you, which DOES NOT AFFECT your credit score. If you fail to pay back your advance, we DO NOT report delinquencies to the credit bureaus or send you to collections.
Complete disclosures including fees and payment terms are provided when you sign up for the Hundy app.
Hundy is licensed by the California Department of Financial Protection and Innovation pursuant to the California Deferred Deposit Transaction Law (FILE NO: 10DBO-63863).