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What does it mean to renew or roll over a payday loan?

  • Listed: August 12, 2022 3:33 pm
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What does it mean to renew or roll over a payday loan?

Generally, renewing or rolling over a payday loan means you pay a fee to delay paying back the loan. This fee does not reduce the amount you owe. You will still owe the principal and fees for the rollover.

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