A consumer begins the small, short-term loan process by filling out a credit application at a CAB location. The information is then sent to the lender, who determines eligibility and approves or denies the loan based upon its underwriting criteria. Documents are signed and the loan funds are given to the consumer. Consumers have the option of repaying a small, short-term loan in cash or by an ACH debit to a bank account.
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Recent Posts
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- What is the application process for a small, short-term loan?
- Is the third-party lender limited in the amount of interest or fees charged?
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