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The Principle.

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Q: What is the amount of a loan before adding interest and fees?
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What are the fees associated with getting a one hour payday loan?

A set interest rate is applied to the amount loaned. The total fees may also include a creditors charge or lending fee as well as the set interest amount.


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A: It depends on the loan company. Ask them & they should tell you.-->The total amount a borrower must pay for loans (including interest and fees) is the Finance Charge.


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You will have to check your laws for your state. There are usually specific items regarding fees and interest on late payments. It may specify that amount of interest that can be charged or it may be a part of the judgement.


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The amount collectble is the past due or total balance due, plus costs, interest, and fees permitted by the contract or agreement.


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What legal action can be taken with a defaulted payday loan?

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Bonds are an investment of a certain amount of money to gain interest over an extended period of time. There are fees for withdrawing early from the bond. You should read background information on your financial institutions bond information before investing.