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If 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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If 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 agreement you read and sign prior to receiving a payday advance is a contract that complies with all applicable state and federal disclosure requirements. It fully outlines the terms of the payday advance transaction including the cost of the service fee both as a dollar amount and as an annual percentage rate (APR). Full disclosure provides all the information needed to make an informed financial decision.