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Sep 28, 2017 - 34 minute read

Payday cash advance dayton ohio

If you are connected to a tribal lender, please understand that the tribal lenders rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you payday cash advance dayton ohio agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice.

This website is not an offer to lend.

Payday cash advance dayton ohio

Common Loan Terms. Acceleration A clause within a loan agreement that protects the lender by requiring the borrower to pay off the loan (both the principal and any accumulated interest) immediately if certain conditions occur. Borrower The individual or company receiving money from the lender which will then have to pay back the money according to the terms in the loan agreement.

Collateral An item of worth, such as a house, payday cash advance dayton ohio used as insurance to protect the lender in the event the borrower is unable to pay back the loan.

Default Should the borrower default due to their failure to pay, the interest rate shall continue to accrue according to the agreement, as set forth by the lender, on the balance of the loan until the loan is paid in full.

Interest (Usury) The cost associated with borrowing the money.

Payday cash advance dayton ohio

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