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What you might be charged: If you fail to make a scheduled repayment you may be charged $25What you will be charged: An establishment fee which is of the loan amountMonthly fees which are of the loan amountApplying for a Cash Train loanIn order to apply for short term loan from Cash Train you need to meet these eligibility criteria:Be over 18 years of ageBe employed (casual and part-time employees can apply, but you cannot be self-employed)Earn over $1,200 a monthBe paid regularly into your bank account i.
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The Bureau also solicits comment, in particular from banks and credit unions or other lenders that hold consumer funds, on current practices taken in response to actual or expected delinquency or default related to sweeping consumer accounts to negative, exercising a right of set-off to collect on a loan, and closing consumer accounts.