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12-12-2020
Business

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Which type of loan is also known as a cash advance loan or a deferred deposit loan?

Respuesta :

12-12-2020

A payday loan

Explanation:

A payday loan is a short-term loan, generally for $500 or less, that is typically due on your next payday.

They are also known as cash advance loans, post-dated check loans, check advance loans or deferred deposit loans.

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