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The Bureau thus considers rollovers, renewals, and reborrowing within a short period of time after repaying the prior loan to be functionally the same sort of transaction with regard to the presumptions of unaffordability—and other lending restrictions in proposed § 1041, payday loan no credit check in 24202.
With that said, our desire is to get you the lowest possible rate for your situation so that the payments are both low and affordable.
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The State's financing is take-out financing.
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