HomeHL Hunt Credit Line Agreement

HL Hunt Credit Line Agreement

HL Hunt Credit Line Agreement

For Personal and Business Members
Effective Date: 07/23/2025
Last Updated: 07/23/2025

This Credit Line Agreement (“Agreement”) is made and entered into by and between HL Hunt Inc., a Kentucky C-Corporation with its principal office located at 6844 Bardstown Rd, Louisville, KY 40291 (“HL Hunt,” “we,” “us,” or “our”), and you (“you,” “your,” “User,” or “Member”), in connection with your participation in the HL Hunt Credit Builder Program and your receipt and use of the HL Hunt Marketplace Credit Line (the “Credit Line”).

1. Purpose of Credit Line

The HL Hunt Credit Line is a closed-loop, non-revolving or revolving virtual credit line (depending on membership tier), usable solely for purchases of goods or services within the HL Hunt Marketplace. It is designed to promote responsible financial behavior and build credit history through regular reporting to credit bureaus.

This is not a general-purpose credit card, cash advance product, or open-ended loan. You may not access the Credit Line outside of HL Hunt’s proprietary platform.

2. Eligibility

To receive and maintain a Credit Line, you must:

  • Be an active HL Hunt member under a qualifying personal or business membership;

  • Be at least 18 years old or a valid U.S. business entity in good standing;

  • Complete identity verification (KYC for individuals, KYB for businesses);

  • Maintain a valid U.S. address and SSN or EIN;

  • Agree to HL Hunt’s Terms and Conditions and Privacy Policy.

We reserve the right to deny, revoke, or adjust credit limits based on our underwriting criteria, compliance procedures, and internal risk scoring.

3. Credit Limits and Usage

3.1 Credit Limit Assignment

Credit limits are determined at our sole discretion based on your membership type, internal scoring, and payment history. Your credit limit may increase or decrease based on performance, usage, or changes in your membership status.

Specific credit line ranges for personal and business memberships are published on our website: www.hlhunt.org.

3.2 Permitted Use

Your Credit Line may only be used for:

  • Purchase of goods or services from vendors listed on the HL Hunt Marketplace;

  • Eligible add-ons or subscriptions facilitated through HL Hunt;

  • Any authorized purchase explicitly approved by HL Hunt.

3.3 Prohibited Use

The Credit Line may not be used for:

  • Cash withdrawals or money transfers;

  • Payments to external merchants;

  • Illegal, unethical, or high-risk transactions (gambling, drugs, etc.);

  • Resale or redistribution of purchased items.

Any misuse may result in immediate suspension and legal liability.

4. Repayment Terms

4.1 Billing Cycle

You will be billed monthly for all purchases made using your Credit Line. Your statement will be issued on the same day each month, and the full or minimum balance (if applicable) is due within 15 days unless otherwise stated in your account dashboard.

4.2 Payment Obligations

You agree to repay all amounts owed under this Agreement, including:

  • The total amount of purchases made using your Credit Line;

  • Any applicable fees (late fees, processing fees, etc.);

  • Taxes, if applicable, based on jurisdiction.

4.3 Late Payments

Late payments are subject to a late fee of up to $15 or 5% of the unpaid amount, whichever is greater. HL Hunt reserves the right to suspend your Credit Line, report delinquencies to credit bureaus, and refer your account to collections.

5. Interest and Fees

As of the Effective Date, HL Hunt does not charge interest (0% APR) on Credit Line purchases. We reserve the right to introduce interest charges in the future, with at least 30 days’ notice and updated TILA disclosures.

Standard fees may include:

  • Late Payment Fee: Up to $15 or 5%

  • Returned Payment Fee: $25

  • Membership Fee: As listed on our website per tier

6. Credit Reporting and Disputes

6.1 Reporting

HL Hunt reports your tradeline to one or more consumer or commercial credit reporting agencies, including but not limited to: Experian, Equifax, TransUnion, and Dun & Bradstreet.

We report:

  • Credit limit and utilization;

  • Payment history;

  • Account status (open/closed/delinquent);

  • Date opened and closed.

6.2 Disputes

If you believe there is an error in your tradeline reporting, you must notify us at compliance@hlhunt.org within 30 calendar days of noticing the discrepancy. We will respond in accordance with the Fair Credit Reporting Act (FCRA) and applicable business credit laws.

7. Account Management

7.1 Termination

You may terminate this Agreement at any time by providing written notice and paying all outstanding balances. Upon termination, your Credit Line will be permanently closed and reported as such to credit bureaus.

7.2 Default

You will be in default under this Agreement if:

  • You fail to make a payment when due;

  • You provide false or misleading information;

  • You declare bankruptcy;

  • You violate any applicable law or regulation in relation to this Agreement.

Upon default, HL Hunt may:

  • Accelerate the total balance due;

  • Suspend or close your Credit Line;

  • Report the account as delinquent or in default;

  • Pursue collections and legal remedies.

8. Arbitration and Governing Law

Any dispute arising from or related to this Agreement will be resolved through binding arbitration in accordance with the rules of the American Arbitration Association. The laws of the Commonwealth of Kentucky will govern this Agreement.

Class actions and jury trials are expressly waived.

9. No Banking Relationship

HL Hunt is a financial technology platform and not a bank, credit union, or deposit-taking institution. Your Credit Line is not FDIC-insured and does not constitute a demand deposit account or credit facility regulated under banking laws.

10. Amendments and Notices

We reserve the right to amend this Agreement at any time, with notice to you via email or your HL Hunt dashboard. Continued use of the Credit Line after such notice constitutes your acceptance of the amended Agreement.

11. Signatures and Acceptance

By digitally accepting these terms and/or using the HL Hunt Credit Line, you affirm that you:

  • Have read and understood this Agreement;

  • Agree to be legally bound by its terms;

  • Are authorized to act on behalf of your business (if applicable).

HL Hunt Inc.
6844 Bardstown Rd
Louisville, KY 40291
support@hlhunt.org
compliance@hlhunt.org


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