Lender-approval and loan terms will vary based on credit determination and applicable state law - they may offer loans with fixed rates from 6 to 35 APR.
The lender's approval process may take longer due to additional documents being requested. © 2017 Solution Loans. All Rights Reserved. Consumer Alerts. Payday Lenders Archives. Online Payday Lenders. California Department of Business Oversight Advises Caution for Payday Loan Consumers. The Department has posted an updated Internet Payday Lending Alert for consumers who might consider using payday cash advances from online lenders. The alert is also available in Spanish.
This term is clearly identified in your loan agreement. You should check your loan agreement for your lender's policy on automatic loan renewal prior to e-signing it.
If your loan is renewed, there will be additional charges as determined by your lender, and the minimum term can be set up. Your lender may offer you other options in addition to renewal, including the ability to repay your loan in full at a later date or repay your loan over time in a series of installments.
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