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What is a prepayment penalty?

In Loans - Payday Loans - Asked by Admin - 2 years ago

A prepayment penalty is a charge from a lender the charges the borrower to pay a portion or the entire loan prior to the maturity date.

Answered by Admin - 2 years ago


Tags: prepayment penalty, payday loans, loans, payday loan, cash advance, what is a prepayment penalty?

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One type of loan is a Payday loan. Payday loans are typically short term instant loans that do not require a credit check. Payday loans advance you cash without all the paperwork. Faxless payday loans are also available. If you need help with payday loans, questions like "what is a prepayment penalty?" or need answers to your payday loan questions Zuuply.com can help.



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