#5039: Short Term Loans - How to Determine If Short Term Loans Are Legal
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Reporter: shorttermloans | Owner: Shaina Luna
Type: bug | Status: new
Priority: normal | Component: Compiler
Version: 7.0.2 | Keywords: Short, Term, Loans
Testcase: | Blockedby:
Os: Unknown/Multiple | Blocking:
Architecture: Unknown/Multiple | Failure: None/Unknown
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[[Image(http://www.toni-online.com/wp-content/uploads/2009/07/payday-
loan.jpg)]]
Payday lenders provide '''[http://www.swiftmoney.org.uk/ short term
loans]''' to people who need to cover expenses between paychecks and
during financial crises. '''Short Term Loans''' are subject to the
regulations of the state you live. Generally, the finance charge and the
annual percentage rate of the '''short term loans''' are very high that is
why you just borrowed money on these companies if you really need one.
[[Image(http://i.ehow.co.uk/images/a07/il/rl/search-online-shortterm-
loans-800X800.jpg)]]
You will determine if '''[http://www.swiftmoney.org.uk/ short term
loans]''' are legal in this way. First, go to the rates and term section
of the '''short term loan''' lender's website or ask a representative of a
short term loan lender to provide you with their rates and terms document.
Look at the rate and term page or document and make sure that the lender
is disclosing what the '''loan''' will cost you and the annual percentage
rate, which refers to how much the credit will cost you. Go to the "state
information" page on the Short term loan Info website. This site will tell
you if the companies are doing the state laws.
--
Ticket URL: <http://hackage.haskell.org/trac/ghc/ticket/5039>
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