Terms and Conditions

By clicking on the “Click to Complete and Start Saving” button, the applicant and any co-applicant (each individually referred to as “I”, “me”, or “my”) agree to the following:

• I certify that everything stated in my application is true, correct and complete.
• I agree that OpenRoad Lending may forward this application and my financial information to one or more third party lenders, dealers, affiliates or others that may be able to offer me, or assist me in finding, financing or other products that meet my needs. Some of these affiliates may offer or arrange dealer financing rather than a direct loan from a lender.
• I expressly grant OpenRoad Lending and its third parties, affiliates, agents, service providers, lenders or assignees the authority to use any means of communication including but not limited to calling via phone, cell, email, text, etc. to contact me with questions related to this application and share information about other products and services available.
• I have read and agree to the State Disclosures and OpenRoad Lending Privacy Policy.
• I have read and agree to the Consent for Electronic Disclosures.
• If I have applied with a co-applicant, I and the co-applicant both acknowledge it is our intent to apply for a joint account.
• I authorize OpenRoad Lending and its lending partners, automobile dealers,  third parties, affiliates, agents, service providers or assignees to obtain such additional information as may be required, including credit reports, verification of employment, verification of residence or any other verifications needed in order to complete the processing of my application. Anyone who is forwarded my application may obtain a credit report or other information necessary in order to process my application for credit.
• I understand that if I am approved, the approval is only valid for 30 days. If my loan is not completed in that time, I authorize OpenRoad Lending and its lending partners to obtain a new credit report before finalizing the loan. I understand that if something on that credit file changes from the time when I applied, OpenRoad Lending is not obligated to continue through with the loan approval or at the original terms provided to me. I also understand that the vehicle I am refinancing must also meet certain criteria in order to qualify.
• I authorize OpenRoad Lending’s lending partners, dealers, affiliates or others which are forwarded the application to share information in the application and any other credit information they obtain with other third parties who may be able to offer or arrange for a loan or financing through a dealer or other products and services. Anyone who is forwarded my application may obtain a credit report or other information necessary in order to process my application for credit.
• Your application may be forwarded to Flagship Acceptance who will make a soft inquiry in an attempt to prequalify you for refinancing. If it is determined they can offer you financing and they provide the best offer, they will then place a hard inquiry on your credit file.
• I agree that OpenRoad Lending and any of its third parties, affiliates, agents, service providers or assignees may call me, leave me a voice message, a prerecorded message, an artificial voice message, or send me a text, e-mail, or other electronic message for any purpose related to the servicing and collection of my accounts with you, for surveys or research or for any other informational purpose related to this credit application, the servicing and collection of the resulting loan account (each a “Communication”) on any telephone number that I volunteer to OpenRoad Lending in connection with my application. I agree that you and any of your affiliates, agents, service providers or assignees (and any of your assignee’s affiliates, agents or service providers) may call or text me at any telephone number associated with my accounts, including cellular telephone numbers, and may send an e-mail to any email address associated with my accounts. I also agree that you and any of your affiliates, agents, service providers or assignees (and any of your assignee’s affiliates, agents or service providers) may include my personal information in a Communication and may conduct a Communication using an automatic telephone dialing system. You will not charge me for a Communication, but my service provider may. In addition, I understand and agree that you and any of your affiliates, agents, service providers or assignees (and any of your assignee’s affiliates, agents or service providers) may always communicate with me in any manner permissible by law that does not require my prior consent.
• IMPORTANT INFORMATION ABOUT PROCEDURES FOR APPLYING FOR CREDIT. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who applies for credit. What this means to you: When you apply for credit, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
• BY REQUESTING THAT CREDITOPTIONS (A DBA OF EFOLKS, LLC) CONTACT YOU, YOU AGREE TO THE CREDITOPTIONS TERMS OF USE AND AGREE TO ARBITRATE ALL CLAIMS BETWEEN YOU AND CREDITOPTIONS ON AN INDIVIDUAL BASIS ONLY AND NOT AS A PART OF ANY CLASS. A “CLAIM” IS ANY CASE, CONTROVERSY, DISPUTE, TORT, DISAGREEMENT, LAWSUIT, LEGAL ACTION, OR CLAIM NOW OR HEREAFTER PENDING BETWEEN YOU AND CREDITOPTIONS, INCLUDING BUT NOT LIMITED TO ANY ALLEGED STATE OR FEDERAL STATUTORY VIOLATION, OR ANY DISPUTE OVER THE INTERPRETATION OF THE CREDITOPTIONS TERMS OF USE OR THE ARBITRABILITY OF ANY CLAIM PURSUANT TO THE CREDITOPTIONS TERMS OF USE. THIS AGREEMENT TO ARBITRATE GOVERNS ALL PAST, CURRENT AND PROSPECTIVE INTERACTIONS WITH CREDITOPTIONS. YOU AGREE THAT YOU ARE WAIVING ALL RIGHTS TO: (A) A TRIAL BY JURY; (B) PARTICIPATE IN A CLASS ACTION LAW SUIT OR CLASS ACTION ARBITRATION; AND (C) BRING AN ACTION AGAINST CREDITOPTIONS IN A COURT OF LAW. YOU MAY INDIVIDUALLY ARBITRATE ANY CLAIM AGAINST CREDITOPTIONS IN ANY JURISDICTION IN THE UNITED STATES. CREDITOPTIONS WILL REIMBURSE YOU UP TO $300 OF YOUR ARBITRATION FILING FEE. THE RULES OF THE AMERICAN ARBITRATION ASSOCIATION THEN IN FORCE SHALL GOVERN THE ARBITRATION (provided, however, that the terms of the CreditOptions Terms of Use shall control over any inconsistency between the Rules of the American Arbitration Association and the CreditOptions Terms of Use). The arbitrator shall have authority to interpret the CreditOptions Terms of Use, including but not limited to the authority to decide whether any claim is arbitrable under the CreditOptions Terms of Use and to decide issues related to the scope of arbitration, the rules of arbitration, the arbitrator’s jurisdiction, and the enforceability of the CreditOptions Terms of Use. You agree that the CreditOptions Terms of Use involves commerce under 9 U.S.C. §§ 1 et seq. and that this Arbitration Clause is governed by federal law, including the Federal Arbitration Act. The remainder of the CreditOptions Terms of Use is governed by the laws of the state of Utah, as provided in Section 16 of the CreditOptions Terms of Use. 

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