If getting a payday loan is such a simple and easy process, why is there so much information in the Consumer Loan Agreement?
The Agreement you read and sign prior to receiving a payday loan is a contract between you and us. Our contract complies with all applicable state and/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 most members do not consider APR information helpful when evaluating the cost of a payday loan, in the interest of full disclosure, we want you to have all the information you need to make an informed financial decision. It may also contains an arbitration agreement and an ACH authorization.
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