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A suspension loan is a loan that has a first payment due date in the future. The person can get the loan, and does not have to make payments right away. This is a type of loan that many retailers use, especially furniture stores. A person purchases merchandise, and does not need to make any payments for about 6 months or more. If the furniture is paid in full by the end of the six months, the loan is considered paid and there is no interest attached.

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