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As discussed above, the Bureau believes that lenders might choose to strengthen their internal processes and procedures in order to increase the odds that they would be paid in full over a sequence of three Alternative approach loans, since the proposed rule would restrict further reborrowing as discussed in more detail below.
However, the application usually takes time, credit check is made and several requirements are usually needed.
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If you are having difficulty repaying your credit line, or if you won't be able to make a payment on time, contact us immediately.
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