PERSONAL FUNDING
Funding Agreement
1. I understand that Melika & Co and or it’s assigns is not a lender. I give Melika & Co and or its assigns permission to submit credit application to various lenders and our staff. I verify that all information is true and correct.
2. I understand that Melika & Co and or its assigns is not responsible for the payback of credit. It’s my responsibility to comply with the terms and conditions set forthby the creditor(s) and repay the monies as required by the creditor. This is a legally binding contract and I understand that if I’m not clear on its terms. I should consult an attorney before committing. .
3. I understand that the funding process typically takes 10 to 15 days. .
4. I agree to not apply for ANY other credit while under this contract because it could jeopardize successful funding. .
5. I agree to immediately (within 24 hours) forward by email or fax any denial letters (or approval letters that clearly state my credit limit). I understand that failure to do so can cause significant costly delays or could jeopardize the entire process. .
6. I understand that lines of credit and or credit cards are being applied for on my behalf and that while funding is highly likely, SPECIFIC funding amounts are not guaranteed. .
7. I understand that often in introductory rate of 0%for the first 6 Months are possible but NOT Guaranteed. .
8. I understand that there is NO Guarantee regarding the specific APR on credit cards or lines of credit that are acquired and they could be as high as 30%. However, the interest rate on credit cards and lines of credit will likely range anywhere from 0%to 12.99%for 720 plus FICO scores and anywhere from 13%to 18%for 650 to 719 scores, but this is NOT guaranteed! .
9. These will be revolving or installment loans or lines of credit with a GUARANTEED cash advance feature! .
10. I understand that contacts will be made on my behalf to various banks and lenders to check my approval status. .
11. I understand that if a bank or lender calls and asks if I’ve applied for credit, I should say yes! .
12. I understand that if a bank or lender calls and asks for identity verification information or other personal information, I should provide it! .
13. I understand that information will be set up that includes passwords, logins and email addresses (NOT my email) I will NOT change ANY of that information (ESPECIALLY the email addresses) unless funding has been active and paid for. .
14. I understand that in some cases a bank or lender may need additional identity verification information and in those situations we have your permission to call you and request it.
15. I understand that I should NOT volunteer ANY other information OR ask the bank or lender ANY questions of ANY kind WHATSOEVER! Even if they ask if I have any questions, I should say NO, I do not! I should limit my conversation to what THEY ask ME! If I disregard this, I understand that I will likely LOSE ANY CHANCE of funding! .
16. I understand there is a 12.5% fee depending on the lenders processing fee for each individual line of credit I am approved for.
17. I understand that payment of each 15%processing fee is to be made within 48 hours of each credit line activate (use the cash advance feature). If late, a PENALTY of a full OF THE LINE VALUE will be added!
18. I understand that I’m REQUIRED to make my processing payment by Zelle, Cashapp, DIRECT DEPOSIT or WIRE TRANSFER. .
19. DEATH PENALTY: If the 12.5 %processing fee is not paid within 24 hours of when the funds were made available to the borrower, in addition to the penalty fee described above ALL credit cards lines of credit will be closed with NO chance of being reopened and collections in the amount owed to Memelli Inc will be place on all three credit bureaus of borrower’s credit file for SEVEN years (causing the FICO score to Plummet). Then it will be referred to our attorney’s office for collection.