How Fintech Startups Are Disrupting The Payday Lending Model

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Active checking account – Many payday lenders don’t deal in cash or issue checks for your preliminary loan proceeds – they will wish to direct deposit your funds into your energetic checking account. Many lenders also require your loan repayments to be auto drafted from the same account. When purchasing for payday loans, you might even see a quantity of forms of charges that are applied on prime of the principal loan quantity.
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