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Some storefront payday lenders use analytical models and scoring that attempt to predict likelihood of default.
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To qualify, you need to have been in business for at least three months, have at least $2,500 in monthly credit card receivables and have a physical location for your business.
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If you need assistance, you may also want to consult a lawyer who can help explain the details to you.
Installment LoansInstallment loans are a popular alternative to payday loans because you get to stretch out your payments over time and still have the advantage of bad or no credit loans or no faxing requirements.I At this time, we, loan me money
For advice on alternative options or how best to handle serious financial problems, get in touch with the Money Advice Service.
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- Protects a lender from loss in case of loan default.