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Quick loans in beaumont texas

The borrowers paid much more than the stated cost of their loans. In a typical example, a person borrowed 300 with a stated one-time finance fee of 90.

The borrower expected that the loan would be repaid in a single withdrawal of 390. But the quick loans in beaumont texas began a series of automatic withdrawals, assessing a 90 finance charge each time. By the last withdrawal, the borrower would have paid 975 instead of 390 to repay the loan.

In addition to allegedly misrepresenting the terms of the loan, the lenders doubled as unscrupulous debt collectors who falsely threatened to sue the borrowers or have them arrested.

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Quick loans in beaumont texas

It is then your responsibility to read through the terms before signing your loan agreement. WHAT IF I NEED TO MAKE A LATE PAYMENT. Late Payment penalties differ from lender to lender. Lenders may be forgiving if you contact them directly, though some may automatically add a fee if it is in their agreement.

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Quick loans in beaumont texas

Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments. Over 90 Approval Rate. Lowest Interest Rates - Instant e-Approval - Special Offers.

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Quick loans in beaumont texas

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Quick loans in beaumont texas