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Chiefly, the outcome of your loan will depend upon your lender's desire to take a chance on your business - and what percentage chance they are willing to take.
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If you want to set aside a regular amount each month, a regular savings account could be the best option; equally, if you need greater flexibility, you might need to plump for an instant access savings account.
At MYJAR we have always worked a little differently to other short-term loan providers.
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These include: application fee, set up fee, monthly and/or annual fees, late repayment fees and charges for paying off the loan early.
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Rather, the proposed rule would impose a duty on lenders to determine the consumer's ability to repay when the lender or service provider has the right to obtain payment directly from the consumer's employer or other payor of income.
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