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Payday loans and installment loans

Date: Wed, 12/06/2006 - 13:47

Submitted by lila
on Wed, 12/06/2006 - 13:47

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Total Replies: 3


Are there laws governing installment loans at these payday loan places?


Every state has the maximum loan amount and the terms of the loan contract. There are fixed interest rates and fees beyond which lenders are not allowed to charge legally. Look into your state for understanding the permissible loan terms.

No company is legally allowed to do business outside the terms set by the state. The contract will be done in accordance with the state laws of the borrower


lrhall41

Submitted by BuildingWealth on Wed, 12/06/2006 - 13:57

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