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You may request a payment plan to restructure the payment terms to at least four substantially equal payments.

As one FastBucks employee testified, "We just basically don't let anybody pay off.

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Payday Loan No Credit Check

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The Bureau seeks comment on the definition of payment channel.

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Among other limitations, loans would also need to be at least 46 days long and no more than 24 months long, have substantially equal and amortizing payments due at regular intervals, and not have a prepayment penalty.