Shelby Township Payday Loan No Credit Check
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The Bureau notes that, depending on how a lender treats a missed payment, an amount past due may be reflected in an update to the amount due on a future payment date; for example, if the lender agrees to defer the consumer's obligation to make the payment until the next payment date.
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The re-payment is expected within a certain number of days.
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Payday Loan No Credit Check
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But before you click on a link, the Federal Trade Commission (FTC), the nation's consumer protection agency, has a few caveats to share.
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Mark Leyes, spokesman for the Department of Corporations, said the clear limits on the industry, combined with the regular audits of state-licensed payday lenders, amount to robust regulatory oversight.
Usually, there are no credit checks required for approval and dispersal of such loans.
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