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This obviously wouldnt work for someone who had payments due.
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Regulatory intervention without clear evidence of risk or careful consideration of the consequences to consumers is a bad precedent and contrary to the policy objective of the prudential regulators.
But, given the option of providing an anonymous review, or only being identified with a name the reviewer provides, its customers were willing to share their experience with the company.
A market is healthy when it is sustained by borrower and lender success.
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If you do not look into this early enough, you may just be astounded at the high rates of interest.
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Various lender practices exacerbate the problem by marketing to borrowers who are particularly likely to wind up in long sequences of loans, by failing to screen out borrowers likely to wind up in long-term debt or to establish guardrails to avoid long-term indebtedness, and by actively encouraging borrowers to continue to roll over or reborrow.
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The Bureau recognizes that this alternative approach for covered short-term loans in proposed § 1041.
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Debt consolidation makes sense because it puts all your credit in one place.
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