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If the new card account is terminated within 6 months of card approval, the full retail price of the gift (after deducting any admin fee paid) will be charged to the card account.
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Your loan amount will in part be determined by your projected ability to repay, but you will typically have some flexibility in deciding on the amount.
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You must submit a written statement to the Office of Financial Aid to cancel the loan.
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A disadvantage to payday loans is that they charge greater rate of interest than conventional personal loans.
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