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Payday Loans are also commonly referred to as Cash Advance, Payday Advances, Payday Advance Loans and Fast Cash Loans. Short-term Loans are a Smart Decision Benefits of long term loans for people with bad credit If you do not pay the loan back by the due date, holds will be placed on your registration and your transcript (which prevents you from registering or adding/dropping and from getting a copy of your transcript or applying to a major). Late fees will begin to accrue. Your account may be referred to an outside collection agency, and it will be reflected on your credit record. You will receive letters and phone calls about the overdue account. No deferment or forbearance options are available for short-term loans. Short-term loans may not be available to you in future quarters.
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