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Credit Score Impacts: Short term, payday loan lenders may rely on your credit report and are not limited to any of the three major rating agencies – Equifax, Experian, or Transunion.
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But just like the clients we serve, our business is about more than numbers.
Hi Aja, thanks for your honesty!
If very long sequences of loans are less common for online loans, however, the reborrowing restrictions of both the ATR and Alternative approaches would have a smaller impact on online lenders.
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Such loans carry interest rates that seem small but are extremely high when calculated over the course of a year.
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