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The proposed limitation mirrors the NCUA requirement that Payday Alternative Loans be closed-end credit.
Some lenders access specialty consumer reporting agencies and engage in sophisticated screening of applicants, and at least some lenders turn down the majority of applicants to whom they have not previously lent, instant payday loans online in 75244.
Americash Advanced can do line of credit loans too.
Many states also have criminal usury laws to protect consumers.
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