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A 30 day payday loan gives you 30 days to repay the loan which starts from the moment that you borrow money.
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These loans in the past were relegated to those with risky credit and often were a consumer's last ditch effort to avoid filing bankruptcy.
Assume a lender makes a covered short-term loan (Loan X) to a consumer under § 1041.
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- Yes, the names HARP and Making Home Affordable are interchangeable.
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