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Finance fee: Payday lenders charge a finance fee upfront, which you include even financial personal loan your post-dated check. If you roll your loan over for an extended period, you will be charged this initial finance fee plus an additional finance fee.
The fee will continue to grow until you finally pay off the full amount of the loan. Interest rates: Lenders are required to tell borrowers the exact APR being charged to the loan before the borrower agrees to even financial personal loan terms of the loan.
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