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You receive the cash into your checking or saving account and pay the loan by authorizing the lender to deduct the money out of your account.
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Instead, in order to charge fees in excess of the 36 percent APR cap for most other consumer loans, the minimum loan term must be six months.
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Please note that your lender may offer additional short term loan products, installment loans in 28226.
Last year, that amounted to $1,139 in income per month, plus a housing voucher and food stamps.
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