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Here's how the scam allegedly played out: The online payday lenders required borrowers to provide bank account information so they could deposit the borrowed funds electronically and withdraw the repayment amount from the account later. The lenders claimed that the repayment amount would be the amount borrowed plus a one-time finance fee, and that this amount would be withdrawn on a particular date. Instead, the lenders made multiple withdrawals from the borrowers' bank accounts and assessed a new finance fee each time. The result of this scheme? The borrowers paid much more than the stated cost of their loans. [link widoczny dla zalogowanych] Credit reporting agencies, such as TransUnion, will buy data about people with a minimum credit score so that they can offer them. At Dollar Loan Center, YOU are in charge of how much interest you pay! Be sure to pay it back as soon as you can for the best savings! See the example on the side of this page. Based on the time that you have the loan, it shows you how much you will need to pay back on your $2500* installment loan.
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