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By: Randal Baur

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Friday, 29-Apr-2011 18:53 Email | Share | | Bookmark
What Does a Quid Loan Contract Look Like?

It is wise to be careful when signing any deal and for those that want to know what payday loans entail, below is a sample of what might be in your payday loan deal. Each lender is different and each state has differing laws as well. You can find out if he is doing legitimate industry.
What is not shown on this example is a clause that goes over what the fees and charges are for rolling over your loan. Make sure to go over all these particulars with your lender so you are well-informed of what your loan is about.
METHOD OF PAYMENT: Your individual check in the amount of the Total of Payments stated in the federal Truth in Lending Disclosures will be held by us as safety on this Agreement.
You agree that we may deposit this check on the payment date if you have not salaried us in cash, cashiers check, cash order or other instantly accessible money in the amount of the Total of Payments previous to close of industry on the payment date. If full payment is made prior to the deposit of your individual check, we will return the check to you at the time we obtain full payment.

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