About LoanGuardian AI
Our mission is to empower individuals by demystifying complex financial documents and exposing predatory lending practices.
LoanGuardian AI is a tool designed to bring transparency to the lending process. We believe that everyone deserves to understand the terms of a loan before they sign. Financial contracts are often filled with dense legal jargon that can conceal unfair or predatory clauses. Our AI-powered tool scans loan agreements and translates the legalese into a simple, understandable risk report.
We built this for the Google Snow Fest Hackathon to help protect consumers from financial harm and promote fairer lending practices.
- Extremely high Annual Percentage Rates (APRs)
- Hidden fees and opaque cost structures
- Loan rollover mechanisms designed to trap borrowers in debt
- Balloon payments that require a large, lump-sum payment at the end
- Aggressive auto-debit clauses (wage assignments)
- Mandatory arbitration clauses that waive your right to sue
- Unfair legal waivers and confessions of judgment
Behind the scenes, LoanGuardian AI uses a powerful large language model to analyze your contract. It reads the text and compares it against a vast knowledge base of known predatory patterns, such as deceptive language about interest rates, clauses that encourage debt cycles, and terms that waive your consumer rights.
The AI identifies these risky patterns and combines its findings to calculate a simple Predatory Risk Score. It's not magic; it's a sophisticated pattern-matching system designed to highlight potential dangers before they become a problem.
This is not legal or financial advice. LoanGuardian AI is an educational tool. Its analysis is automated and may not be 100% accurate or complete.
Our AI is powerful, but it can still miss novel predatory tactics or misinterpret complex legal language. The results should be used as a starting point for your own due diligence.
Always consult with a qualified professional, such as a lawyer or a non-profit financial counselor, before signing any contract.