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Here's a Bit of Legal Mumble Jumble
Best you know what's up.
Simplified Version:
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If you borrow money, you have to pay it back.
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If you have difficulty paying back your loan, please contact us as soon as possible. We will work with you to ensure a positive outcome.
Legal Version:
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Small loans such as these are considered expensive and you should use best judgement before taking one.
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The Interest rate on short-term loans is higher than typical loans through a bank. If you can qualify for a bank loan, it should be your first choice.
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All short-term, small-amount loans are regulated by Federal and State of Ohio laws. Should you have any issues or questions about a loan, you should contact the State of Ohio Consumer Protection Bureau to seek help.
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Interest rates on small loans can range from 29% to 300% or more depending on factors such as amount, time period for repayment, and your past credit.
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You can only have one small loan outstanding at a time.
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