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Getting a payday advance is such a simple and easy process, why is there so much information in the Customer Agreement?

April 26, 2017Agreement customer easy Payday process simple

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Getting a payday advance is such a simple and easy process, why is there so much information in the Customer Agreement?

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The payday loan Agreement you read and sign prior to receiving a payday cash advance is a contract that complies with all applicable state or federal disclosure requirements. It fully outlines the terms of the payday loan transaction, including the cost of the service fee both as a dollar amount and as an annual percentage rate (APR). Although a payday loan is a short-term financial solution and is not intended as a long-term source of credit (like a home loan or auto loan) we provide you with the APR, in the interest of full disclosure. Loanbyphone.com wants to provide you with all the information you need to make an informed financial decision.