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March 31, 2012 at 7:35 am

Hi I need a R20 000 loan – I am not blacklisted but am declined due to affordability – I am busy selling my properties but need to pay the rates on both properties – its a catch 22 situation – I need the Rates Clearance in order for the transfer to continue but do not have the money.

That, in turn, stokes concern about borrowers' ability to repay their lenders.

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  • Then take the amount cashed out that is in excess of the desired mortgage and make that the first payment.

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The findings -- obtained by the Urban Institute, which was commissioned by consumer affairs -- are important, Julie Menin, the department's commissioner, explained in a statement.

No faxing is usually needed for loans under $1000, which is why they are called no fax payday loans.

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Steve, thats a big part of it, but the article did mention she worked part time, and $270 could easily be just shy of forty bucks an hour (before taxes).