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- Based on loan eligibility, increases to loan awards will be placed in an accepted status automatically.
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The bill passed the House 332-96 in November 2017 and hasn’t had a vote in the Senate.
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If your credit is bad, you may not be able to qualify for a very large loan, and you can expect to pay a high APR.
Lenders with automated loan origination and servicing systems with the capacity of furnishing the required data would have very low ongoing costs.
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Two States have expressly authorized payday installment loans and in other States the laws leave room for such loans.
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