Terms & Condition

Rapid Financing AI Technologies LLC Terms and Conditions

These Rapid Financing AI Technologies LLC Terms and Conditions (“Terms”) govern your use of the Rapid Financing AI Technologies LLC website, operated by Rapid Financing AI Technologies LLC (“we,” “us,” or “our”), to (i) request loan offers from Rapid Financing AI Technologies, and (ii) apply for and, if approved, obtain a loan from Rapid Financing AI Technologies LLC. The Rapid Financing AI Technologies LLC platform includes its website, www.rapidfi.ai and any subdomains and mobile application (the "Website"), and certain products and services you access through or in connection with the Website.

This is an important document. You must read it carefully and accept all of its terms and conditions before choosing to proceed. You should save/print a copy of these Terms for your records. By clicking "I agree" you are electronically agreeing to these Terms. NOTE, THESE TERMS CONTAIN AN AGREEMENT TO ARBITRATE ALL CLAIMS (see Section 15).

  1. Loan Offers. By submitting information to us on the Website, you are requesting loan offers from Rapid Financing AI Technologies LLC. Rapid Financing AI Technologies LLC is not an agent of you when you request a loan offer. Loan offers are made to eligible individuals who satisfy the Rapid Financing AI Technologies LLC's credit policy. You understand you must meet certain basic credit criteria in order to be eligible to receive a loan. We cannot guarantee that you will be presented with loan offer(s) or that you will meet the approval criteria for any particular offer. In order to proceed with a loan offer you must submit a loan application via the link provided or Website. It is always your choice whether to apply for a loan and we will never submit an application on your behalf without your consent. Rapid Financing AI Technologies LLC may withdraw a loan offer, terminate consideration of any application you submit, or withdraw approval of your loan at any time in its sole discretion. If for any reason you do not qualify, or you later cease to qualify, for a loan offered to you (if, for example, your credit score from any consumer reporting agency falls significantly or your debt to income ratio changes), Rapid Financing AI Technologies LLC may withdraw its approval of your loan. Compliance Notice: All loan offers, and lending activities conducted by Rapid Financing AI Technologies LLC are subject to and in full compliance with applicable federal and state lending laws, including but not limited to disclosure and licensing requirements. Lending availability may vary by state depending on current licensing status.

  2. All loan offers and lending activities conducted by Rapid Financing AI Technologies LLC are subject to and in full compliance with applicable federal and state lending laws, including but not limited to disclosure and licensing requirements. Lending availability may vary by state depending on current licensing status.

  3. Credit Report. You have authorized us to obtain your credit report from one or more consumer reporting agencies. If we obtained information from a consumer reporting agency in connection with your loan application, its name, address and toll-free telephone number are as follows: Equifax, P.O. Box 740256, Atlanta, GA 30374-0256, (866) 349-5191; and TransUnion, P.O. Box 2000, Chester, PA 19016, (800) 916-8800. You have a right under the Fair Credit Reporting Act to know the information contained in your credit file at the consumer reporting agency. You also have a right to a free copy of your report from the reporting agency, if you request it no later than 60 days after your information has been obtained by Rapid Financing AI Technologies LLC. If you find that any information contained in the report you receive is inaccurate or incomplete, you have the right to dispute the inaccuracy with the reporting agency. Please note, the reporting agency plays no part in any lending decision and, if you were declined, will be unable to supply specific reasons why you didn’t receive a loan offer.

  4. Loan Application, Verification, and Loan Closing.
    • To receive a loan, you must select a loan offer from Rapid Financing AI Technologies LLC and, after proceeding, submit a loan application through the Website. You authorize us to verify any information you provided when you requested a loan offer, including information about your education, employment and your annual income, as well as additional information you submit after choosing to proceed with your loan offer, and to confirm medical bill payoff amount, by calling you, requiring you to produce appropriate documentation or other proof, and/or to conduct such verification through a third party or provider. You also authorize us to request and obtain data from a third party to verify any information that you provide in connection with your loan application. Your completed loan application must be approved by Rapid Financing AI Technologies LLC. After approval, you will be presented your final loan terms and related Truth-in-Lending disclosures (TILA), which you must accept in order to qualify for the loan, by digitally signing your promissory note (the “Note”) within the time periods disclosed to you in the loan application flow.
    • By accepting these terms, you expressly authorize Rapid Financing AI Technologies LLC and its affiliates, agents, or assignees to communicate with your medical provider(s) regarding your medical bills for the purpose of verifying, negotiating, and facilitating payment on your behalf.
    • You acknowledge and agree that any loan obtained from Rapid Financing AI Technologies LLC will be used exclusively to pay off your medical bill(s) and will not be deposited into your personal bank account. The responsibility for ensuring the accuracy of the medical bill amount to be settled remains solely with you.
    • Furthermore, you grant Rapid Financing AI Technologies LLC the authority to act as your mandate holder for the limited purpose of communicating with your medical provider(s), negotiating any outstanding balance, and making direct payments toward your medical bills. This authorization shall remain in effect until the loan is fully disbursed to the medical provider, unless revoked in writing prior to disbursement.
    • If your loan application is approved then, subject to clause (b) below, your loan, as evidenced by the Note, will be submitted to us for origination. Your loan will be on the terms set forth in the Note.
    • Rapid Financing AI Technologies LLC may withdraw its approval of your loan application at any time prior to origination: (i) in the event of any inaccuracy or omission in your loan application; (ii) if you committed fraud or made a misrepresentation in connection with your application; or (iii) any other disqualifying event occurs. Approval of your loan may be withdrawn even after you have signed your Note. In the event that your loan application is declined or withdrawn, we will retain a record of your loan application for a period of at least 25 months in accordance with federal law.
    • 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 opens an account. As a result, under our customer identification program, we must ask for your name, street address, mailing address, date of birth, and other information that will allow us to identify you.

  5. Fees. Rapid Financing AI Technologies LLC charge fees as laid out in the contract (TILA). Additional fees, such as late fees and ACH or check return fees, may also apply to your loan. These fees will be disclosed in your Truth-in-Lending disclosure and your Note.

  6. Loan Servicing. If your loan application results in an originated loan, you acknowledge and agree that Rapid Financing AI Technologies LLC, or its successors and assigns, may serve as the loan servicer. As the lender and servicer, we will administer your loan, including payment processing and collections. If we are servicing your loan, a copy of your Note(s) representing your loan(s) will be maintained in electronic form with us or our designated successors or assigns.

  7. Other Products and Services. Any products and services you use through the Website shall be governed by these Terms and any additional terms and conditions you agree to when signing up for a particular product or service. You agree to comply with such terms and conditions, which may be found on the Legal Agreements page after you log-in to the Website, and that such agreements are incorporated herein by reference.

  8. Representations, Warranties and Covenants. You represent and warrant that (i) you are 18 years old, (ii) you are currently residing in the US; (iii) you are applying for a loan in good faith and with the intention to repay it when due; and (iv) all the information you provided in connection with your loan offer inquiry and any subsequent loan application to Rapid Financing AI Technologies LLC is true and accurate and you have not provided any false, misleading or deceptive statements or omissions of fact in your application. You acknowledge and agree loan proceeds will solely be used for medical bills. You acknowledge and agree that we may rely, without independent verification, on the accuracy, authenticity and completeness of all information you provide. You certify that you will not use any loan proceeds to fund any illegal activity or that is prohibited by the Acceptable Use Policy below:
    1. Violate any law, statute, ordinance, or regulation;
    2. Relate to the sale, purchase, or promotion of (a) narcotics, steroids, marijuana, or other controlled substances that present risk to the public safety, (b) items that facilitate or encourage others to engage in illegal activity, (c) stolen goods or property, (d) items that exhibit hate, violence, or intolerance based on race, gender, religion, or sexual orientation, (e) firearms, firearm accessories, weapons or ammunition;
    3. Relate to transactions or dealings which extend money or services to entities or individuals (whether foreign or domestic) that the United States government has placed on a sanctions list OR that you have reason to believe might use such funds for criminal or terrorist activity;

  9. Bank Account. In connection with any loan application you make on the Link or Website, you represent and warrant that you are the owner of the deposit account(s) that you designate for electronic transfers of funds and have authority to direct that loan payments be made from such account. You acknowledge your designated account(s) will be the account(s) from which monthly loan payments will be made.

  10. Termination. We may terminate these Terms and your access to the Website at any time (i) in the event of any breach of any of your representations, warranties and covenants in these Terms, or (ii) you otherwise fail to abide by the terms of these Terms. In such event, we have all remedies authorized or permitted by these Terms and applicable law. We may, in our sole discretion, with or without cause and with or without notice, restrict your access to the Website.

  11. NO WARRANTIES. THE WEBSITE AND THE PRODUCTS AND SERVICES PROVIDED IN CONNECTION THEREWITH ARE PROVIDED "AS IS" AND WITHOUT ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS, IMPLIED OR STATUTORY. RAPID FINANCING AI TECHNOLOGIES LLC, AND EACH OF OUR OFFICERS, DIRECTORS, AGENTS, EMPLOYEES AND SUPPLIERS, SPECIFICALLY DISCLAIM ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. We do not guarantee continuous, uninterrupted or secure access to the Website or any of the services provided on the Website, and the operation of the Website may be interfered with by numerous factors outside of our control. Rapid Financing AI Technologies LLC shall make reasonable effort to ensure that requests for electronic debits and credits involving bank accounts are processed in a timely manner but it makes no representation or warranty regarding the amount of time needed because these services are dependent upon many factors outside of its control, such as delays in the banking system or the U.S. mail service. We reserve the right to make changes to the products and services offered to future customers, including changes to the terms and conditions associated with these products and services.

  12. LIMITATION ON LIABILITY. IN NO EVENT WILL WE, OR EACH OF OUR OFFICERS, DIRECTORS, AGENTS, EMPLOYEES OR SUPPLIERS BE LIABLE FOR LOST PROFITS OR ANY SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH THE WEBSITE OR THE SERVICES (HOWEVER ARISING, INCLUDING NEGLIGENCE). Some states do not allow the exclusion or limitation of incidental or consequential damages so the above limitation or exclusion may not apply to you. OUR LIABILITY, AND THE LIABILITY OF EACH OF OUR OFFICERS, DIRECTORS, AGENTS, EMPLOYEES AND SUPPLIERS, TO YOU OR ANY THIRD PARTIES IN ANY CIRCUMSTANCE IS LIMITED TO THE ACTUAL AMOUNT OF DIRECT DAMAGES.

  13. Communications. You confirm you have agreed to the Electronic Communications Policy and Consent and you have agreed to receive electronically all communications, agreements, documents, notices and disclosures (collectively, "Communications") that are provided in connection with these Terms, your loan, and the servicing of your loan. You agree that Rapid Financing AI Technologies LLC and, if your loan application results in an originated loan, a collection agency may contact you at any of the telephone numbers and email addresses you provide, subject to applicable law.

  14. Notices. You may contact us by emailing info@rapidfi.ai, by calling at (469) 327-2080 during our operating hours 8:00 AM CST to 5:00 PM CST, each Monday through Friday that are business days, or by writing via regular mail to 8765 Stockard dr, Ste 103, Frisco, TX, 75034. All Communications given to you by email to your registered email address, or posted on the Website will be deemed to have been duly given and effective upon transmission or when they were posted. You acknowledge that communications from us may contain sensitive, confidential, and collections-related communications. If your information changes, such as your email address, your mailing address or your telephone number, you agree to notify us promptly of the change by logging into the Website and updating this information in your account profile, or by contacting us as described above.

  15. Dispute Resolution and Arbitration.
    • a. Contact Us First. If you have an issue with our services, or if a dispute arises between you and us, please contact us first. Our goal is to learn about and address your concerns and, if we are unable to do so to your satisfaction, to provide you with a neutral and cost-effective means of resolving the dispute quickly. If needed, we may escalate certain disputes to our successors or assigns.
    • b. Arbitration Agreement.

  16. NOTICE: IF YOU ARE A COVERED BORROWER UNDER THE MILITARY LENDING ACT, 10 U.S.C. § 987, THE FOLLOWING ARBITRATION PROVISION DOES NOT APPLY.
    • Governing Law: The Parties agree that this Agreement, including the products and services you accessed via the Website, involve interstate commerce and that this arbitration clause will be construed, applied and governed by the Federal Arbitration Act, 9 U.S.C. § 1 et seq., ("FAA"), as amende. The Arbitrator (defined below) shall apply applicable law and applicable statutes of limitation consistent with the FAA and shall honor claims of privilege recognized at law.
    • Dispute: “Dispute” means any action, dispute, claim, or controversy of any kind arising out of, in connection with or in any way related, even indirectly, to this Agreement or your use of the Website, including the products and services you accessed via the Website, or the loan you received on the Website. For example, “Dispute” includes claims related to: any relationship resulting from, or activities connected to this Agreement; any loan application on the Website; information you have provided to us via the Website; information and disclosures provided to you on the Website; any other agreements between you and us; extensions; renewals; refinancings; payment plans; underwriting; servicing; collections; privacy; and customer information. The term "Dispute" also includes: claims under federal or state consumer protection laws; claims in tort or contract; claims under statutes or common law; claims at law or in equity; other past, present or future claims, counterclaims, cross-claims, third party claims, interpleaders or otherwise; and any claim relating to the interpretation, applicability, enforceability or formation of this arbitration clause, including, any claim that all or any part of this arbitration clause, except paragraph G below, is void, voidable or unconscionable.
    • Mandatory Arbitration: Unless otherwise stated in this arbitration clause, any "Dispute" between you and us shall, at the election of you, us, or our respective heirs, successors, assignees or related third parties and their affiliates, subsidiaries, and parents, ("the Parties"), be resolved by a neutral, binding arbitration, and not by a court of law. This procedure includes any Dispute over the interpretation, scope, or validity of this Agreement, this arbitration clause or the arbitrability of any issue, with the sole exception of the Parties' waiver of any right to bring a class action or to participate in a class action as provided for under paragraph G below shall be solely determined by the appropriate court, if necessary. This arbitration clause applies to the Parties, including their respective employees or agents, as to all matters which arise out of or relate to these Terms, your use of the Website, including the products and services accessed via the website, or are in any way connected with the loan you received on the Website , or any resulting transaction or relationship.
    • Facts About Arbitration: In arbitration, a neutral third party (“Arbitrator”) resolves Disputes, instead of a judge or jury. You, with us, waive the right to go to court. The Arbitrator will conduct a hearing, which is private and less formal than a court trial. Each side will have the opportunity to present some evidence to the Arbitrator. The Arbitrator may limit the Parties' ability to conduct fact-finding prior to the hearing, called “discovery.” Other rights that the Parties might have in court might not be available in arbitration. Following the hearing, the Arbitrator will issue an award. The Arbitrator's decision is final, and a court may then enforce the award like a court judgment. Courts rarely overturn an Arbitrator's award.
    • Pre-Arbitration Resolution: Prior to starting arbitration, you can call us at (469) 327-2080 or write to us at 8765 Stockard dr, Ste 103, Frisco, TX, 75034 to attempt to resolve the Dispute. We will try to resolve the Dispute. If we make a written offer (“Settlement Offer”), you may reject it and arbitrate. If we do not resolve the Dispute, either party may start arbitration. No party will disclose settlement proposals, including a Settlement Offer, to the Arbitrator.
    • Rules and Procedures: Either party may start arbitration by mailing a notice of arbitration, even if a lawsuit has been filed. Such notice shall be given by certified mail, return receipt requested. Notice to me shall be sent to the email address I provided to you in your loan application, as updated. Notice to us, or related third parties shall be sent to 8765 Stockard dr, Ste 103, Frisco, TX, 75034. The Party initiating the arbitration shall set forth in the notice the nature and factual basis of the Dispute, the names and addresses of all other Parties, the amount involved, and the specific relief requested. The responding Party must mail a response within 45 days, and may also set forth any counter-Disputes. The American Arbitration Association (“AAA”) shall conduct any arbitration according to this arbitration clause. The AAA arbitration rules in effect when the claim is filed apply (“AAA Rules”), except where those rules conflict with this Arbitration Clause or any of our agreements with you. You can get copies of the AAA Rules at the AAA's website (www.adr.org) or by calling 800-778-7879. You or we may choose to have a hearing, appear at any hearing by phone or other electronic means, and/or be represented by counsel.
    • Class Action Waiver: The Parties agree to give up any right they may have to bring a class action lawsuit or class arbitration, or to participate in either as a claimant. The Parties agree to give up any right to consolidate or join any arbitration proceeding with the arbitration of others. The Parties give up the right to serve as a private attorney general in any jurisdiction in which such procedure might be permitted. To the extent the Parties are permitted to file small claims under Paragraph K below, the Parties agree that any small claim may only be brought on an individual basis and that no small claim may be brought on a class or representative basis. The Parties further agree that if a court or arbitrator decides this Paragraph G is void or unenforceable, this arbitration clause shall be void and without effect.
    • Fees and Costs: If you request, we shall advance all of the Arbitrator's fees and expenses, as well as all administrative and filing fees, up to an amount of $500. The Parties shall be responsible for their own attorneys' fees associated with any arbitration, unless otherwise allowed for under applicable substantive law and awarded by the Arbitrator. If the Arbitrator awards you funds, we will not have to reimburse any arbitration fees and expenses we have advanced. If the Arbitrator does not award you funds, you agree to reimburse us for any arbitration fees and expenses we have advanced. Any such reimbursement shall not exceed the filings fees and costs you would have incurred had you filed a lawsuit in court.
    • Exceptions: The Parties agree that this arbitration clause is not applicable to "small claims" meaning those claims that either Party is entitled to file and maintain in an appropriate small claims court or any action where the total amount in controversy is no greater than $10,000, including any claims for attorney's fees and non-monetary relief. The Parties agree that any small claim may only be brought on an individual basis and that no small claim may be brought on a class or representative basis. The Parties agree that any appeal from a judgment obtained pursuant to this paragraph shall be appealable only by arbitration according to the procedures set forth in this arbitration clause.
    • Severability: If it is determined that any paragraph or provision in this arbitration clause is illegal, invalid, or unenforceable, such illegality, invalidity or unenforceability shall not affect the other paragraphs and provisions of this arbitration clause. The remainder of this arbitration clause shall continue in full force and effect as if the severed paragraph or provision had not been included. Notwithstanding this severability provision, if a court of competent jurisdiction determines paragraph G to be void, illegal, invalid, or unenforceable, the Parties agree that paragraph G above shall not be severed and that this arbitration clause shall be void in its entirety.
    • Right to Opt Out. If you do not want this arbitration clause to apply, you may reject it by mailing a written notice to us that lists your name, address and account/loan number and states that you are opting out of the arbitration clause. An opt out notice is only effective if it is signed by you, and the envelope that the opt out notice is sent in is postmarked no more than 30 calendar days after the date you agreed to the Terms. If you opt out of this arbitration clause, it will not affect any other provisions of these Terms or your obligations under any other agreement with us. If you do not properly opt out as set forth above, it will be effective as of the date you agreed to these Terms. If you opt out of this arbitration clause, such election shall apply only to these Terms, and not to any other past, present or future agreements you have with us.
    • FOR ALL DISPUTES COVERED BY THIS PROVISION, THE PARTIES HAVE AGREED TO WAIVE THEIR RIGHT TO A TRIAL BY JURY, THEIR RIGHT TO PARTICIPATE IN CLASS ACTIONS OR CLASS ARBITRATIONS, AND THEIR RIGHT TO SEEK PUNITIVE AND/OR EXEMPLARY DAMAGES. EXCEPT FOR DISPUTES AND CLAIMS NOT SUBJECT TO THIS PROVISION, ARBITRATION SHALL BE IN PLACE OF ANY CIVIL LITIGATION IN ANY COURT AND IN PLACE OF ANY TRIAL BY JURY.
    • THE TERMS OF THIS PROVISION AFFECT YOUR LEGAL RIGHTS. IF YOU DO NOT UNDERSTAND ANY TERMS OF THIS PROVISION OR THE COST, ADVANTAGES OR DISADVANTAGES OF ARBITRATION, YOU UNDERSTAND YOU SHOULD SEEK INDEPENDENT ADVICE BEFORE AGREEING TO THESE TERMS. BY AGREEING TO THESE TERMS, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTAND AND AGREE TO BE BOUND BY EACH OF THE PROVISIONS, COVENANTS AND STIPULATIONS ABOVE.

  17. Amendments. We may amend these Terms and such amendments will become effective upon publication on the Website. We will provide you with at least 30 days written notice of any material changes.

  18. Assignment. You hereby agree that we may, without notice to you, assign all of our rights, title and interest in these Terms to a third party. To the extent provided therein, any such assignment will release us from all of our obligations and duties under these Terms and the assignee will be solely responsible for the performance of such obligations and duties. You may not assign, transfer, sublicense or otherwise delegate your rights or obligations under these Terms to another person without our prior written consent. Any such assignment, transfer, sublicense or delegation in violation of this Section 17 will be null and void.

  19. Processing Errors. You agree that we, as the lender, or any of our successors or assigns, may promptly correct any transaction processing errors that are discovered. If an error results in your receipt of less than the correct amount, we will credit you the difference. If an error results in your receipt of more than the correct amount, you agree that we may debit the excess funds upon prior notice to you. You also agree to provide any necessary consents to facilitate the correction of such errors.

  20. Miscellaneous. These Terms, along with the Rapid Financing AI Technologies LLC Privacy Policy, the Website Terms of Use, and any other agreements you enter into with us on the Website in connection with additional products or services, represent the entire agreement between you and us regarding the subject matter of these Terms. They supersede all prior or contemporaneous communications, promises, and proposals, whether oral, written, or electronic, related to your use of the Website. These Terms are independent of any agreements you enter into in connection with any loan you receive through the Website. Rapid Financing AI Technologies LLC is the lender under these Terms and operates independently from any other involved parties. No other party, including any potential loan assignees, is a direct party to these Terms. However, successors or assigns of any loan agreement may be entitled to rely on certain provisions of these Terms where applicable. There are no third-party beneficiaries to these Terms. You acknowledge and agree that Rapid Financing AI Technologies LLC is a separate legal entity and is solely responsible for its own obligations. Neither Rapid Financing AI Technologies LLC nor any other entity guarantees the performance of obligations beyond its own commitments. Any waiver of a breach of a provision in these Terms does not constitute a waiver of any future breach. Failure or delay by either party in enforcing any provision does not waive the right to enforce that provision later. If any provision of these Terms is deemed illegal, void, or unenforceable by a court of competent jurisdiction, the remaining provisions will remain valid and enforceable. The headings in these Terms are for reference purposes only and do not affect their interpretation.