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The term open-end credit is used in various parts of the rule where the Bureau is proposing to tailor requirements separately for closed-end and open-end credit in light of their different structures and durations.

The biggest advantage of a Payday Installment Loan over a single payment Payday Loan, is an Installment Loan allows you to pay back the loan over a longer period of time.

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These loans are awarded based on exceptional financial need.

If your current loan doesn't require PMI, your new loan won't require it, either.

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