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In turn they relaxed the lending criteria so that the banks could start to leverage the demand for credit.
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Some Federal credit unions offer small-dollar loans aimed at consumers with payday loan debt to pay off these loans at interest rates of 18 percent or less with application fees of $50 or less.
Terms and conditions, features, support, pricing, and service options subject to change without notice.
This separate entity will often service the loan and guarantee the loan's performance to the party funding the loan.
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That is a difference of $1,748 for the exact same loan.