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Be enrolled at least half-time in a qualified school No. The ACH authorization can only be revoked AFTER we receive payment in full of the amount owed. Because our advances are single payment advances, we are permitted to require ACH repayment in accordance with the Federal Electronics Funds Transfer Act (EFTA). As a one-time payment, the repayment of a payday advance through OnlineApplyAdvance.com is not encompassed by the EFTAâs definition of âpreauthorized electronic funds transfer,â and is therefore permitted under the EFTA. 3 easy steps towards loan You will notice that the bank wanted their money back in nine months, and that is fine. Usually they dont go for nine months on a personal loan, and go for interval terms of 12 months, or 6 months. Buckley couldnt afford monthly installments more that $1400 on the loan if he decided to pay it back over the nine months. What actually happened is that he ended up paying back the full $12, 350 all in one payment. He was locked in for that interest amount regardless of when and how he paid it back. Just fine. As soon as his big job was done, he paid his two employees, paid himself, and paid off the bank. In this case it was the BOA in Lindenhurst.
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