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Deferred Presentment and loans that are smallpayday advances) faqs for customers

  1. Exactly what is a deferred presentment and little loans?

These loans may pass by various names such as: money advance, check advance, deferred deposit check loans, deferred presentment or loans that are small. a pay day loan is just a short-term personal bank loan guaranteed by a debtor’s individual check or the borrower’s contract to truly have the bad debts applied for of the bank or credit union account at some future date (usually fourteen days after making the loan).

  1. What’s the many i could borrow?

Beneath the Louisiana Deferred Presentment and Small Loan Act, the most that one may borrow is $350.

  1. what exactly is the most I am able to be charged for the cash advance?