Terms and Conditions of Use
SimplyCredit is founded on the principle of treating our customers fairly and transparently. We want to do right by you whenever we can, which requires both of us behaving responsibly and in good faith, as outlined in this document.
By using SimplyCredit you agree to all the terms below.
Eligibility and Privacy
The products and services offered through this Site are not available to persons under the age of 18 or to persons who are not legal residents of the United States.
You need to be 18 or older and a legal resident of the United States to use this site.
This Site allows users to enroll credit cards and department store cards (collectively, “Cards”) for us to pay. Subject to the Payment Conditions, we will pay the balances of your Cards, in part or in full (and as such balances change as you use of your Cards), with funds taken from (i) a personal revolving line of credit that we establish for your benefit at a third party financial institution; (ii) a personal revolving line of credit we issue you (either of (i) or (ii), a “Revolving Line”); or (iii) a personal checking account that you associate with your account on this Site (a “Checking Account”). Between you and us, the maximum amount of any Revolving Line shall be established and may changed at our sole discretion. We will make payments to Card issuers prior to their payment due date, as described by the following terms (the “Payment Conditions”):
- We shall always have the sole discretion of determining whether or not any user is allowed to use this Site in any way;
- You must provide us with accurate and correct information needed to determine the payment due date of your Card;
- Such payment shall be made following any additional instructions you specify (and we accept) within the parameters of this Site;
- Your Revolving Line may not at any time be past due during the associated payment period; and
- You must have sufficient funds available in your Checking Account during each associated payment period.
We will be responsible for the payment or removal of any late fees and finance charges resulting from a missed or late payment if such payment is missed or late as a result of our fault and subject to the Payment Conditions.
Any payment recommendations we make are based on the information provided by you. It is your responsibility to provide accurate information to us and we will not be liable to any fees or penalties charged by your credit card issuer if our recommendations resulted in an underpayment to the credit card issuer. Our recommendation algorithm considers factors that are generally used by credit scoring algorithms but is not designed to specifically improve your FICO or Vantage Scores. We are not a credit repair organization and do not guarantee any credit score improvement through the use of our Service.
You agree that you will abide by the disclosed terms associated with any Revolving Line that is established for you (collectively, the “Credit Agreement”). Furthermore, you agree that it is your responsibility to make timely payments to us as described in the Credit Agreement and the monthly statements that we issue you. Such payments will be made electronically through this Site every month, according to the payment settings you specify (and that we accept) within the parameters of this Site.
We may use third party providers that help us either with the payment process or with obtaining account information we need for managing your enrolled Cards. Third party bill pay providers will be used to perform ACH transfer of funds on your behalf. You agree to allow third party bill pay providers the right to request, direct, and undertake all actions relating to your Checking Accounts and Card accounts to perform services we offer with this Site. Specifically, Bank services are provided by Evolve Bank, Member FDIC, through our banking software provider SynapseFI, and their terms are incorporated here by reference. To report a complaint relating to the bank services, email email@example.com. You agree to maintain a Checking Account in good standing and with sufficient funds to cover any payment you may make in connection with this Site. Although we may monitor your Checking Account and will notify you of upcoming payments and certain payment details, in the event you do not have sufficient funds for bill pay providers to execute the transfer of funds, you will be responsible for any costs or fees incurred. You also authorize third party account aggregators to provide us with account information for your enrolled Cards that is needed or helpful to make payments to Card issuer. If we are unable to obtain such information about your Cards from a third party service provider, we may require you to provide such information to us directly through this Site. By using this Site, you agree to provide, and continuously provide, third party account aggregators with all permissions and consents necessary or helpful to perform services on your behalf.
Our service provides you with a new revolving line of credit that is used to pay your
cards. Sometimes we may use your checking acocunt to pay your cards;
We will be good citizens and do our part but you need to do yours by making sure your account is in good standing with sufficient funds. Without this we cannot provide our service;
We can't do everything on our own so we will sometimes partner with third party service providers to carry out some of the tasks;
Sometimes we need to get permissions from you before we can do certain tasks. If you want to benefit from our service, you should give us those permissions.
Credit Report Consent
When you register for an account with us, you understand and agree that you are providing written instructions in accordance with the Fair Credit Reporting Act and other applicable law for SimplyCredit to obtain consumer reports and related information about you from consumer reporting agencies at any time as long as you have an active SimplyCredit account.
You authorize us to retain a copy of all such information so we can analyze them and make payment recommendations for you.
You are giving us permission to pull your credit report so we can provide payment recommendations to you.
Our goal is to provide you with a fair and transparent financial product. To that end, any Revolving Lines we issue will calculate interest charges based on a simple interest calculation, as opposed to compound interest. We’ll give you the specific terms when a Revolving Line is established and as part of the Credit Agreement.
If a Revolving Line is issued by a third party partner financial institution, interest charges may not always be based on a simple interest calculation. In such cases, provided payments to the Revolving Line are always paid on time, you will be responsible only for interest charges calculated under our simple interest method and we will pay any differences in interest charges to the third party financial institution. If payments associated with such Revolving Line are not paid on time, the interest charges of the third party financial institution will apply, as set forth in the Credit Agreement.
We want to eliminate compound interest. Even if our financial partners insist on it, you will only pay the simple interest portion of the interest charges while we cover any difference on your behalf. But if you fail to make timely payments to us, we will not be able to honor this deal.
This Site and all materials on this Site, including, without limitation, all content, data, text, photos, pictures, graphics, images, illustrations, audio and video clips, logos, icons, links, software and other files and the selection and arrangement thereof (the “Materials”) are owned by and, to the extent copyright laws apply to such Materials, are the copyrighted materials of SimplyCredit or third parties. You may display, copy, distribute, and download the Materials on this Site for your personal, noncommercial use only, provided you do not modify the Materials and that you retain all copyright and other proprietary notices contained in the Materials. You may not, however, distribute, copy, reproduce, display, republish, download, upload or transmit any Materials on this Site for commercial use without our prior written approval. You may not “frame” or “mirror” any Material contained on this Site on any other website or server without our prior written permission. Any unauthorized use of any Materials contained on this Site may violate copyright laws, trademark laws, the laws of privacy and publicity and other laws and regulations.
The trademarks, service marks, trade names, and logos (the “Trademarks”) used and displayed on this Site are registered and unregistered trademarks of SimplyCredit or third parties. In addition, all page headers, custom graphics, button icons, and scripts are service marks, trademarks and/or trade dress of SimplyCredit or third parties, and none of the foregoing may not be copied, imitated or used, in whole or in part, without the prior written permission of SimplyCredit or the Trademark owner. Nothing in this Site shall be construed as granting, by implication, estoppel or otherwise, any license or right to use any Trademark used or displayed on this Site, without the express written permission of SimplyCredit or the Trademark owner. Unauthorized use of the Trademarks displayed on this Site is strictly prohibited.
Be nice and use the site as intended.
Communcation and Notification
You agree that we may provide you communications about your account and this Site (including without limitation notifications of upcoming payments and other payment details) electronically, through phone calls, via SMS message (text messaging), or in writing. Standard mobile, message, or data rates may apply, and you are responsible for any incurred fees. You agree that all communications that we provide to you electronically satisfy any legal requirement that such communications be in writing, to the fullest extent permissible by law. We may send you emails to inform you of changes or additions to this Site, about any of our products or services, or for other purposes as we deem appropriate and as permissible by law. We’ll consider any electronic communications to be received by you within 24 hours of the time we send it. We may assume you have received any communications sent to you by postal mail 3 business days after we send it.
We may get in touch with you in various ways and we are not responsible for any costs you may incur.
This Site may require you to register or obtain a password prior to accessing certain portions of this Site. You are responsible for maintaining the confidentiality of your registration information and password, and for all uses of your password, whether or not authorized by you. You understand and acknowledge that no data transmission over the Internet can be guaranteed to be 100% secure and we cannot guarantee that any personal information you submit to us will be free from unauthorized third party intrusion. You understand and agree that all information you submit to us is submitted at your own risk.
To use this Site, you agree that you will not in any way: (i) access data that is not intended for you; (ii) invade the privacy of, obtain the identity of, or obtain any personal information about any other user of this Site; (iii) probe, scan or test the vulnerability of this Site or the SimplyCredit network or breach security or authentication measures; (iv) attempt to interfere with service to any user, host or network or otherwise attempt to disrupt our business, including without limitation via means of submitting a virus to this Site, overloading, "flooding," "spamming," "mail bombing" or "crashing;" or (v) send unsolicited mail, including promotions and/or advertising of products and services. Violations of system or network security may result in civil or criminal liability.
Don't do bad things on the site or invade other people's privacy. Just use it as intended and everything will be fine.
You are responsible for your use of our site and we will not have any liability.
Third Party Websites
Sometimes we may link to third party sites but we are not responsible for those sites. So you should read their policies and terms before using those sites.
Use of Certain Information
If credit is extended to you, we may consider any bank account information you provide as eligible to process payments against.
The information that you provide (including without limitation name, address, email, and any information about your financial situation) may be shared with third parties so we can perform the services offered on this Site. We may use your name and email information to send you service related notifications, including without limitation any notices required by law.
We may have to share the information you give us with third parties so we can provide our service to you.
THIS SITE, INCLUDING WITHOUT LIMITATION ALL MATERIALS AND ALL PRODUCTS AND SERVICES PROVIDED VIA THIS SITE, IS PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. SIMPLYCREDIT DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND ANY WARRANTY OF NON-INFRINGEMENT, TITLE OR QUIET ENJOYMENT. SIMPLYCREDIT DOES NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE OPERATION OF THIS SITE, THE USE, VALIDITY, ACCURACY OR RELIABILITY OF, OR THE RESULTS OF THE USE OF THE MATERIALS OR ANY PRODUCTS OR SERVICES PROVIDED VIA, THIS SITE OR ANY OTHER WEBSITES LINKED TO THIS SITE. USE OF THIS SITE, INCLUDING WITHOUT LIMITATION THE MATERIALS AND RECEIPT OF PRODUCTS AND SERVICES VIA THIS SITE, IS AT YOUR SOLE RISK. SIMPLYCREDIT DOES NOT WARRANT THAT THIS SITE, THE MATERIALS, OR THE PRODUCTS OR SERVICES OFFERED ON THIS SITE WILL BE UNINTERRUPTED OR ERROR-FREE OR THAT ANY DEFECTS IN THIS SITE, THE MATERIALS, OR SUCH PRODUCTS OR SERVICES WILL BE CORRECTED. THE MATERIALS COULD INCLUDE TECHNICAL INACCURACIES OR TYPOGRAPHICAL ERRORS. ALL INFORMATION PROVIDED ON THIS SITE IS SUBJECT TO CHANGE WITHOUT NOTICE. SIMPLYCREDIT CANNOT ENSURE THAT ANY FILES, DOCUMENTS OR OTHER DATA YOU DOWNLOAD FROM THIS SITE WILL BE FREE OF VIRUSES OR CONTAMINATION OR DESTRUCTIVE FEATURES. SIMPLYCREDIT DISCLAIMS ANY AND ALL LIABILITY FOR THE ACTS, OMISSIONS AND CONDUCT OF ANY THIRD PARTIES IN CONNECTION WITH OR RELATED TO YOUR USE OF THIS SITE. YOU ASSUME TOTAL RESPONSIBILITY FOR YOUR USE OF THIS SITE AND ANY LINKED SITES. YOUR SOLE REMEDY AGAINST SIMPLYCREDIT FOR DISSATISFACTION WITH THIS SITE OR ANY CONTENT IS TO STOP USING THIS SITE OR ANY SUCH CONTENT. THIS LIMITATION OF RELIEF IS A PART OF THE BARGAIN BETWEEN THE PARTIES.
We cannot guarantee this site will be error-free and we will not be liable for any kinds of errors.
Limitation of Liability
EXCEPT WHERE PROHIBITED BY LAW, NEITHER SIMPLYCREDIT, NOR ITS DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, CONTRACTORS, SUCCESSORS OR ASSIGNS, SHALL BE LIABLE TO YOU FOR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION LOST PROFITS, EVEN IF SIMPLYCREDIT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. UNLESS OTHERWISE EXPRESSLY SET FORTH IN A WRITTEN AGREEMENT WITH YOU, SIMPLYCREDIT’S MAXIMUM AGGREGATE LIABILITY FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THIS SITE, INCLUDING WITHOUT LIMITATION ALL MATERIALS AND ALL PRODUCTS AND SERVICES PROVIDED VIA THIS SITE, WHETHER IN CONTRACT, TORT OR OTHERWISE, SHALL BE LIMITED TO THE AMOUNT YOU PAID TO ACCESS THIS SITE.
Some jurisdictions do not allow limitations of liability, so the foregoing limitation may not apply to you.
Our liabilities will be limited to the amount you have paid us to access this site.
We are not liable for your actions.
This Site is not directed at children under the age of eighteen years old.
Offer codes for pre-approved Revolving Lines are automatically canceled after 90 days of non-response.
We'd love to operate internationally, but for now this site is only for people residing in the United States.
Just because we did not enforce some rights does not mean we are giving you a pass on those rights.
This document was last updated April 13, 2016.