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What is a pay loan?

Updated: 6/16/2022
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Wiki User

9y ago

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I'm not sure I know what a pay off loan is....... but I do know what it is to pay off a loan.

Could mean pay your loan off.

or

Pay the principle balance in full. They will usually deduct some of the finance charge if the loan is paid off early.

Commonly found in:

*charged off accounts

*repossession accounts

*complete loss accounts paid off by insurances

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Brielle Cruickshank

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1y ago
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