What Is The Cost Of Loans For Bad Credit Guaranteed Explained

Published

what is the cost of loans for bad credit guaranteed
Table of Contents

Understanding the financial implications of loans for borrowers with poor credit requires clarity on both visible and hidden costs that shape repayment obligations. Guaranteed loans for bad credit serve as critical financial tools for individuals excluded from traditional lending channels, yet their terms often reflect elevated risk assessments through higher interest rates, stricter eligibility criteria, and additional fees. These loans bridge immediate funding gaps but demand meticulous evaluation of long-term affordability, as even minor variations in annual percentage rates or repayment periods can result in substantial cumulative expenses over time.

The distinction between secured and unsecured options further complicates cost analysis, as collateral requirements may lower interest rates for secured loans while unsecured alternatives impose stricter scrutiny on creditworthiness. Borrowers must navigate a landscape where lenders—ranging from online platforms to credit unions—apply divergent risk models, resulting in disparate pricing structures even for identical loan amounts. This dynamic underscores the necessity of comparing not only interest rates but also origination fees, prepayment penalties, and state-specific regulatory caps that influence total borrowing costs.

what is the cost of loans for bad credit guaranteed

Overview of Guaranteed Loans for Bad Credit

Guaranteed loans for individuals with poor credit histories represent a specialized financial product designed to provide access to capital despite adverse credit conditions. These loans mitigate lender risk through collateral, co-signers, or government-backed programs, ensuring repayment even when traditional credit assessments fail. Borrowers with credit scores below 600—commonly categorized as subprime—often face higher rejection rates or unfavorable terms from conventional lenders. Guaranteed loans address this gap by offering structured pathways to approval, though they typically come with stricter conditions or higher costs.

The core principle of these loans revolves around risk mitigation strategies. Lenders employ mechanisms such as asset-backed security, third-party guarantees (e.g., co-signers), or government insurance (e.g., Federal Housing Administration loans) to offset the perceived risk of lending to borrowers with limited creditworthiness. This approach allows lenders to extend credit while maintaining profitability, albeit at a premium compared to prime borrowers.

Types of Guaranteed Loans for Bad Credit Borrowers

Guaranteed loans for bad credit are broadly categorized into secured and unsecured types, each serving distinct borrower needs and risk profiles. Secured loans require collateral (e.g., a vehicle, property, or savings account), reducing lender exposure and often resulting in lower interest rates or longer repayment terms. Unsecured loans, conversely, rely on alternative underwriting criteria such as income verification, employment stability, or debt-to-income ratios, but carry higher interest rates and stricter eligibility. For borrowers with poor credit, secured loans may offer more favorable terms, while unsecured options provide flexibility without risking assets.

Secured loans are particularly relevant for borrowers with credit scores below 500, as collateral compensates for the lack of credit history or past defaults. Examples include auto title loans (using a vehicle as collateral) or secured credit cards (requiring a cash deposit). Unsecured loans, such as personal installment loans or credit-builder loans, cater to those who lack collateral but may demonstrate stable income or other financial responsibilities. The choice between the two depends on the borrower’s asset liquidity, risk tolerance, and long-term financial goals.

Comparison of Common Loan Types for Bad Credit Borrowers

The following table outlines key characteristics of three prevalent loan types accessible to borrowers with poor credit, including payday loans, personal installment loans, and credit-builder loans. These products vary significantly in cost, repayment structure, and suitability for specific financial needs.
Loan Type Interest Rates (APR) Repayment Terms Eligibility Criteria Typical Use Cases
Payday Loans 300%–700% (short-term) 2 weeks to 1 month (often due on next payday)
  • Minimum income requirement (e.g., $800/month).
  • Active bank account.
  • No strict credit check (but high-risk borrowers face higher fees).
  • Emergency expenses (e.g., medical bills, car repairs).
  • Bridging cash flow gaps between paychecks.
  • Avoid for long-term debt due to predatory terms.
Personal Installment Loans 25%–36% (varies by lender and credit score) 3–60 months (fixed monthly payments)
  • Credit score: Typically 580–620+ (some lenders accept 500+).
  • Verifiable income (e.g., pay stubs, tax returns).
  • Debt-to-income ratio below 40–50%.
  • Debt consolidation (e.g., combining high-interest credit cards).
  • Home improvements or large purchases.
  • Medical or educational expenses.
Credit-Builder Loans 6%–17% (low-cost, subsidized by some lenders) 6–24 months (funds held in a secured account)
  • No minimum credit score (ideal for scores below 580).
  • Proof of identity and residency.
  • Some lenders require a small deposit or collateral.
  • Establishing or rebuilding credit history.
  • Avoiding payday loan traps.
  • Saving while improving creditworthiness.
Note: Interest rates and terms are illustrative and vary by lender, state regulations, and borrower-specific factors. Payday loans, in particular, are subject to state-specific caps and should be approached with caution due to their high cost and short repayment windows.

Impact of Credit Scores on Loan Approval and Terms

Credit scores serve as the primary determinant of loan approval odds and borrowing costs for individuals with poor credit. Lenders categorize borrowers based on FICO or VantageScore ranges, with sub-600 scores triggering heightened scrutiny or automated rejection in many cases. Below is a breakdown of how credit tiers influence loan accessibility and terms:

- Sub-500 Credit Score (Very Poor):
Borrowers in this range face the highest rejection rates, as lenders perceive them as high-risk. Approval is contingent on collateral (e.g., secured loans) or alternative data (e.g., rental history, utility payments). Interest rates exceed 30% APR, and loan amounts are typically capped at $1,000–$5,000. Examples include auto title loans or high-interest payday advances.

- 500–579 Credit Score (Poor):
Approval becomes slightly more attainable, particularly for secured products or loans with co-signers. Unsecured personal loans may be available at rates of 25–36% APR, with terms extending to 36 months. Lenders may also require larger down payments or higher minimum incomes to offset risk.

- 580–619 Credit Score (Fair):
Borrowers in this bracket gain access to a broader range of products, including credit-builder loans and installment loans with rates as low as 10–20% APR. Some online lenders specializing in fair credit may offer prequalification tools to assess eligibility without hard inquiries.

Key Consideration:

A 100-point drop in credit score from 620 to 520 can increase the APR on a $10,000 loan by 10–15 percentage points, translating to an additional $1,500–$2,250 in interest over 3 years. Mitigating factors such as collateral or a co-signer can reduce this disparity but do not eliminate the premium associated with poor credit.
Lenders also evaluate credit utilization ratios, payment history, and length of credit history alongside the score. Borrowers with thin files (limited credit history) may benefit from credit-builder loans or secured cards, which report activity to credit bureaus, gradually improving their scores over time.

Cost Factors Influencing Loan Terms for Bad Credit

Borrowers with poor credit face significantly higher borrowing costs due to perceived risk, which lenders mitigate through stricter terms. The five most influential variables determining loan affordability—credit score range, loan amount, repayment period, lender type, and state regulations—create a complex interplay that dictates annual percentage rates (APRs), fees, and repayment structures. Understanding these factors allows borrowers to compare options effectively and avoid unintended financial strain.

The cost of borrowing for individuals with bad credit is not solely determined by interest rates but also by ancillary fees, repayment flexibility, and regulatory constraints. Below, the ranking of these variables by influence is analyzed, followed by a comparative breakdown of APRs across lender types and an examination of hidden costs that exacerbate total loan expenses.

Key Variables Affecting Loan Costs for Bad Credit Borrowers

The five most significant determinants of loan costs for borrowers with poor credit, ranked by their direct impact on APRs and repayment terms, are:

1. Credit Score Range
Credit scores below 580 (FICO or VantageScore) trigger the highest-risk lending tiers, where APRs can exceed 30% for unsecured loans. A borrower with a score of 550 may face APRs 10–15 percentage points higher than someone with a 620 score, assuming identical loan terms. For example, a $5,000 personal loan over 36 months might cost $2,100 in interest at 25% APR (550 score) versus $1,200 at 15% APR (620 score), according to Experian’s 2023 lending data.

2. Loan Amount
Larger loan requests disproportionately increase costs due to higher risk exposure for lenders. A $10,000 loan for a 550-credit borrower may carry an APR of 28–32%, while a $1,000 loan might only incur 20–25%, reflecting economies of scale in underwriting. Additionally, lenders often cap maximum loan sizes for bad-credit applicants, forcing borrowers to seek multiple smaller loans—each with its own origination fee—thereby inflating total costs.

3. Repayment Period
Shorter repayment terms reduce total interest but increase monthly burdens, while longer terms spread costs over time but accumulate significantly more interest. A $3,000 loan at 24% APR over 12 months costs $960 in interest, whereas the same loan over 36 months costs $1,800, a 93% increase in interest despite identical principal.

4. Lender Type
Traditional banks, online lenders, and credit unions apply distinct risk-assessment models, leading to divergent APRs for identical borrower profiles. Banks prioritize collateral or co-signers, online lenders rely on algorithmic scoring, and credit unions offer lower rates due to not-for-profit status. The choice of lender can reduce or elevate costs by 5–15 percentage points for the same loan.

5. State Regulations
Usury laws and licensing requirements vary by state, creating a patchwork of cost controls. For instance, Montana caps APRs at 36% for small loans, while Texas allows up to 661% for payday loans, per the National Conference of State Legislatures (NCSL). Borrowers in unregulated states may encounter predatory terms, whereas those in protected states benefit from lower maximum APRs and mandatory disclosures.

APR Comparisons Across Lender Types for a $5,000 Loan (550 Credit Score)

The following table illustrates how APRs differ for a $5,000 loan over 36 months among traditional banks, online lenders, and credit unions, assuming identical borrower profiles. Data is based on 2023 averages from the Federal Reserve and lender transparency reports.
Lender Type Average APR Range Total Interest Paid (36 months) Monthly Payment Key Cost Driver
Traditional Bank (e.g., Wells Fargo) 22%–28% $2,100–$2,800 $210–$240 Collateral requirements or co-signer mandates reduce risk, lowering APRs.
Online Lender (e.g., Upstart, LendingClub) 28%–36% $2,800–$3,800 $240–$280 Algorithmic underwriting increases approval rates but raises APRs for subprime borrowers.
Credit Union (e.g., Navy Federal) 18%–24% $1,800–$2,400 $190–$220 Not-for-profit model and member-focused lending yield lower rates.
Note: APRs for online lenders may fluctuate based on alternative data (e.g., rental history, utility payments), which can slightly reduce rates for borrowers with compensating factors despite low credit scores.

Hidden Fees That Inflate Bad Credit Loan Costs

Beyond APRs, borrowers with poor credit encounter additional fees that can add $200–$1,000+ to the total loan cost. These fees are often buried in fine print or disclosed only after application. Major categories include:

1. Origination Fees
Charged upfront to cover underwriting costs, these fees typically range from 1% to 8% of the loan amount. For a $5,000 loan, this translates to $50–$400. Lenders like OneMain Financial charge a flat $25–$500 fee, while others (e.g., Discover) waive origination fees but compensate with higher APRs.

2. Prepayment Penalties
Some lenders impose fees (e.g., 3–5% of remaining balance) if borrowers repay early, discouraging refinancing or debt payoff. Avant and SoFi occasionally include prepayment penalties in subprime loan agreements, though federal regulations (e.g., Truth in Lending Act) limit these for federally insured loans.

3. Late Fees
Late payments on bad credit loans often incur $15–$50 per missed payment, with some lenders (e.g., CashNetUSA) applying 25% of the missed payment amount as a penalty. For a $150 monthly payment, a single late fee could reach $37.50, compounding over time.

4. Application or Processing Fees
Some lenders charge $25–$100 to process the loan, even if the application is denied. LendUp historically charged a $30 application fee, while OppLoans waived this but offset costs with higher APRs.

5. Credit Insurance Premiums
Optional but often pushed by lenders, credit life or disability insurance can add 1–3% of the loan amount annually. For a $10,000 loan, this equates to $100–$300 per year, increasing the total cost by $300–$900 over 3 years.

Real-World Example:
A borrower with a 550 credit score takes a $3,000 loan at 30% APR from Earnest (online lender). The loan includes:

  • $75 origination fee (2.5% of $3,000),
  • $35 late fee (applied after 15 days past due),
  • $150 credit insurance premium (optional but marketed aggressively).
    • The total cost rises from $1,800 in interest to $2,010, a 11% increase due to fees alone.

    Cost Comparison: $1,000 Loan Over 6 vs. 12 Months (5

    what is the cost of loans for bad credit guaranteed - Ilustrasi 2

    Lender-Specific Cost Structures and Comparative Analysis for Bad Credit Loans

    Understanding the cost variations across lenders is critical for borrowers with suboptimal credit scores, as terms such as interest rates, fees, and repayment structures differ significantly. This section examines five prominent lenders specializing in bad credit loans, providing a comparative breakdown of their cost structures, eligibility criteria, and total loan expenses. A responsive table further illustrates the financial implications of borrowing $2,000, while a step-by-step calculation demonstrates how to derive total loan costs independently. Real borrower experiences highlight unexpected financial outcomes, emphasizing transparency in evaluation.

    Comparison of Leading Lenders for Bad Credit Loans

    Lenders offering loans to individuals with poor credit often employ distinct pricing models, including tiered interest rates, origination fees, and prepayment penalties. Below is an analysis of five well-known lenders, including their typical Annual Percentage Rate (APR) ranges, minimum credit score requirements, and estimated total costs for a $5,000 loan based on average terms. Data reflects 2023–2024 industry standards and publicly disclosed rates.

    Lenders with higher APRs may compensate for perceived risk, while those with stricter credit requirements often justify lower fees. Borrowers should prioritize lenders with transparent fee structures and flexible repayment options to mitigate long-term costs.

    Key Considerations When Comparing Lenders:
  • APR vs. Interest Rate: APR includes fees, providing a clearer picture of total borrowing costs.
  • Origination Fees: Typically deducted from the loan amount upfront, reducing the principal.
  • Prepayment Penalties: Some lenders charge fees for early repayment, increasing total costs if borrowers refinance or pay off loans ahead of schedule.
    • Lender Overview Table
    LenderTypical APR RangeMinimum Credit ScoreAvg. Total Cost for $5,000 (36-month term)Key Features
    CashNetUSA29.99% – 35.99%500+~$7,700–$8,500Offers same-day funding; no prepayment penalties; origination fee (~1–5%).
    OppLoans59% – 199%600+~$10,000–$18,000High-risk borrowers; tribal lending model; fees include "credit insurance."
    OneMain Financial18% – 36%600+~$6,500–$7,800Branched network; lower APR for collateral (e.g., vehicles); flexible terms.
    LendUp29.9% – 35.9%580+~$7,200–$8,000Builds credit with on-time payments; offers "LendUp Ladder" for rate reductions.
    Avant9.95% – 35.99%580+~$5,800–$8,200Competitive rates for fair credit; no origination fees; faster approvals.
    Note: APR ranges vary by state due to usury laws and lender policies. Always verify current rates on the lender’s website.

    Responsive Cost Comparison Table for a $2,000 Loan

    The following table compares the total cost of borrowing $2,000 across five lenders, assuming a 36-month repayment term and average APRs. Monthly payments, total interest paid, and cumulative costs are calculated to illustrate the financial impact of choosing different lenders. This example assumes no prepayment or additional fees beyond those disclosed.
    Formula for Total Loan Cost:
    `Total Cost = Principal + (Principal × APR × Time) + Fees`
    Where:
  • Principal = Loan amount ($2,000).
  • APR = Annualized interest rate (expressed as a decimal).
  • Time = Loan term in years (e.g., 3 years = 3).
  • Fees = Origination fees or other charges (added directly).
    • LenderAPRMonthly PaymentTotal PaidTotal Interest + FeesRepayment Timeline
    CashNetUSA32.99%$112.50$4,050$2,05036 months
    OppLoans120%$150.00$5,400$3,40036 months
    OneMain24.99%$85.00$3,060$1,06036 months
    LendUp34.99%$118.00$4,248$2,24836 months
    Avant29.99%$105.00$3,780$1,78036 months
    Assumptions:
  • Origination fees are included in the APR calculation.
  • No prepayment or late fees are applied.
  • Rates reflect national averages; state-specific caps may apply.

    • Visualization Notes:

  • OppLoans demonstrates the highest total cost due to its elevated APR, which can exceed 100% in some cases.
  • OneMain and Avant offer more competitive rates for borrowers with slightly better credit (600+).
  • CashNetUSA and LendUp bridge the gap for lower credit scores but incur higher fees.

    • Step-by-Step Calculation of Loan Costs

    Accurately estimating the total cost of a loan requires accounting for the principal, interest, and all associated fees. Below is a detailed breakdown using the formula:
    `Total Cost = Principal + (Principal × APR × Time) + Fees`.

    Example Calculation:
    A borrower takes a $1,500 loan with a 30% APR over 12 months (1 year) and incurs a $75 origination fee. The calculation proceeds as follows:

    1. Convert APR to Decimal:
    `30% ÷ 100 = 0.30`

    2. Calculate Annual Interest:
    `$1,500 × 0.30 = $450`

    3. Add Origination Fee:
    `$450 (interest) + $75 (fee) = $525`

    4. Compute Total Cost:
    `$1,500 (principal) + $525 (interest + fees) = $2,025`

    5. Monthly Payment Estimate (Simple Interest):
    `$2,025 ÷ 12 months ≈ $168.75/month`

    Important Clarifications:
  • This is a simple interest calculation. Most bad credit loans use compound interest, where fees and interest accrue monthly, increasing total costs.
  • For compound interest, use the formula:
    • `Total Cost = P × (1 + r/n)^(n×t) + Fees`
    Where:
  • `P` = Principal ($1,500),
  • `r` = APR (0.30),
  • `n` = Compounding periods (12 for monthly),
  • `t` = Time in years (1).
    • Result: ~$1,820 in interest alone for the same loan.
    Tools for Accurate Calculation:
  • Use online loan calculators (e.g., Bankrate, NerdWallet) to input exact terms.
  • Request a Loan Estimate from lenders, which legally discloses all costs under the Truth in Lending Act (TILA).

    • Borrower Testimonials on Loan Costs and Unexpected Expenses

    Real-world experiences highlight discrepancies between advertised rates and actual costs, particularly for borrowers with limited financial literacy. Below are anonymized accounts emphasizing hidden fees, misaligned expectations, and savings strategies.
    Testimonial 1: Unforeseen Origination Fees
    *"I applied for a $3,000 loan with a lender advertising a

    Regulatory and State-Specific Cost Variations in Bad Credit Loans

    State and federal regulations significantly influence the cost of bad credit loans, particularly through usury laws, lender licensing requirements, and borrower protections. These variations create a fragmented lending landscape where identical loan products may carry vastly different interest rates, fees, and repayment terms depending on the borrower’s location. Understanding these differences is critical for consumers navigating high-cost borrowing options, as regulatory gaps—particularly in online and tribal lending—can lead to exploitative practices. Below, the analysis examines state-specific caps, jurisdictional arbitrage by lenders, and the unique protections for military personnel.

    State Usury Laws and Maximum Allowable Interest Rates for Small Loans

    Usury laws set the legal ceiling for interest rates on loans, with small-dollar and bad credit loans often subject to stricter limits than traditional installment products. States employ varying approaches: some enforce hard caps (e.g., 36% APR), while others allow lenders to charge rates tied to the prime rate or cost of funds. Below is a comparative table of key states, illustrating how these laws shape loan affordability for borrowers with poor credit.
    State Max APR for Small Loans (≤$1,000) Example Lender Restrictions Borrower Protections
    Arizona 100% APR (statutory cap for payday loans; installment loans up to 36% + fees under recent reforms) Payday lenders limited to 25% of gross income; rollovers prohibited. Installment lenders must comply with the Small Loan Law (max 36% APR + 20% finance charge). 3-day cooling-off period, mandatory repayment plans for delinquent borrowers, and a 120-day repayment cap for payday loans.
    Texas No state usury cap (regulated by federal law for national banks; state-chartered lenders may charge up to ~600% APR for payday loans) Payday lenders operate under the Deferred Presentment Act (no rollovers, 300% APR max). Auto title lenders face no APR cap but are limited to 70% of vehicle value. No mandatory cooling-off period; borrowers can file complaints with the Texas Office of Consumer Credit Commissioner but lack strong repayment assistance programs.
    California 17% APR for loans ≤$2,500 (California Financing Law); payday loans capped at 460% APR (though recent ballot initiatives propose capping at 36%) Payday lenders restricted to one loan per borrower; installment lenders must disclose APR and fees upfront. Title lenders limited to 5% monthly fee (60% APR equivalent). 31-day cooling-off period, mandatory repayment plans, and a 30-day "payday loan buyback" program to break cycles of debt.
    South Dakota No usury cap (lenders may charge rates up to ~527% APR for payday loans; tribal lenders operate without state oversight) Payday lenders must register with the state but face no APR limits. Tribal lenders (e.g., Great Plains Lending) advertise rates up to 720% APR. No state-level borrower protections; reliance on federal CFPB complaints for recourse.
    New York 16% APR for loans ≤$250,000 (Civil Practice Law § 9-502); payday lending banned entirely Small loan lenders must be licensed under the state’s Moneylender Law. Payday alternatives (e.g., credit unions) offer lower rates but stricter eligibility. Strong usury enforcement; borrowers can sue lenders for violations. No rollovers or balloon payments allowed.
    Key Observations:
    State usury laws create a tiered system where borrowers in high-regulation states (e.g., New York, California) pay significantly less than those in deregulated markets (e.g., Texas, South Dakota). Payday loan caps in Arizona and California reflect recent reforms aimed at reducing predatory lending, while states without caps—such as Texas—rely on self-regulation and consumer complaints. The absence of federal usury laws leaves room for lenders to exploit regulatory arbitrage, particularly in online and tribal lending.

    Tribal and Online Lenders: Bypassing State Regulations

    Tribal lenders and online lenders operating under sovereign immunity or licensing loopholes often circumvent state usury laws, offering high-interest loans to borrowers regardless of their location. These lenders leverage legal ambiguities, such as operating on Native American reservations or through offshore entities, to avoid compliance with state financial regulations.

    Mechanisms for Regulatory Evasion:

  • Tribal Sovereignty: Some lenders partner with federally recognized tribes (e.g., Otoe-Missouria Tribe, Lac Vieux Desert Band) to claim sovereign immunity from state laws. These loans may advertise APRs exceeding 400%, with repayment terms structured to avoid classification as "loans" under state usury statutes.
  • Licensing Arbitrage: Online lenders may register in states with lax oversight (e.g., Delaware, Wyoming) or operate as "lead generators" that refer borrowers to unregulated lenders.
  • Jurisdictional Disclaimers: Loan agreements often include clauses stating that the transaction is governed by tribal law or the laws of a state with no usury cap (e.g., South Dakota), overriding the borrower’s home state regulations.

    • Typical Cost Structures for Non-Compliant Lenders:

    Lender Type Example APR Range Fees and Penalties Repayment Terms
    Tribal Lender (e.g., Plain Green Loans, Big Picture Loans) 300%–720% APR Origination fees (5%–10%), late fees (up to $35 per payment), and mandatory credit insurance (10%–20% of loan amount). Short-term (3–12 months) with mandatory automatic payments; no cooling-off periods.
    Online Lender (Non-Tribal, e.g., CashNetUSA, OppLoans) 100%–500% APR (varies by state; higher in deregulated markets) Application fees ($25–$75), monthly maintenance fees ($5–$10), and "NSF" fees for failed payments (up to $40). Flexible repayment (6–60 months) but with mandatory "long-term" options that increase total cost.
    Offshore/International Lender (e.g., Wonga, Cash America International) 400%–1,000%+ APR (converted to USD) Currency conversion fees (2%–5%), wire transfer fees ($20–$50), and "processing" fees (1%–3%). No state-level recourse; repayment enforced through international debt collection agencies.
    Consumer Risks:
    Borrowers using these lenders face elevated financial risks, including:
  • Debt spirals from unaffordable APRs and hidden fees.
  • Difficulty in dispute resolution, as tribal lenders often cite sovereign immunity to avoid lawsuits.
  • Data privacy vulnerabilities, with some lenders selling borrower information to third-party collectors.

    • Military Lending Act Protections for Active-Duty Service Members

    The Military Lending Act (MLA), enacted in 2007

    Navigating the cost of guaranteed loans for bad credit demands a structured approach that balances immediate financial needs with sustainable repayment strategies. While these loans provide accessible funding for individuals with limited credit histories, their true expense extends beyond advertised interest rates to encompass hidden fees, state-specific regulations, and lender-specific variations that can significantly alter total obligations. Borrowers who prioritize transparency—by scrutinizing APR comparisons, evaluating lender reputations, and leveraging protections like the Military Lending Act—position themselves to mitigate excessive costs. Ultimately, informed decision-making remains the cornerstone of managing bad credit loans responsibly, ensuring that short-term solutions do not escalate into long-term financial burdens.

    Leave a Comment

    Comments are moderated before appearing. The data you submit is processed according to the Privacy Policy of viralcontentbee.com.