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Asked 11/7/2009
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Online payday advance loans? Online payday advance loans? |
Answer 1/1 - Submitted 2/17/2010
These are loans provided to borrowers via a website, email, or fax for a small amount of money to paid off at the next paycheck date of the borrower. The interest rates are generally higher than normal loans and the money is directly deposited to the borrower's bank account. When it is time to payoff the loan, the lender can automatically withdraw from the borrower's checking account.
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