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The following example illustrates this concept: A lender initiates an electronic funds transfer through the ACH system for the purpose of collecting the first payment due under a loan agreement for a covered loan.
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Our technology also protects you from being exposed to viruses or malware (unlike less reputable payday loan sites).For advice on alternative options or how best to handle serious financial problems, get in touch with the Money Advice Service, get a payday loan.
Default interest of 30% per annum will be charged on the outstanding principal balance of the loan, if you fail to pay the loan in full on the loan repayment date.
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