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These loans appeal to house flippers or those with unusual situations. The term "hard money lender" is used to describe lending outside of traditional banks or credit unions to an individual.
Definitions | FindCashLenders.com – Finance charge – Credit costs expressed in a dollar amount. A fixed interest rate – A rate of interest which will not change through the term of the loan.
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Payday loan – Wikipedia – A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower’s payday." The loans are also sometimes referred to as "cash advances," though that term can also refer to cash provided against a prearranged line of credit such as.
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