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The third-party lender then provides the customer with an agreement that fully discloses the exact APR, fees, terms, and conditions associated with the service in accordance with the information submitted by the client. The loan details between the customer and the lender are not in the competence of the Personal Money Service Company.
The company does not guarantee loan approval. The lenders participating in the online network are independent financial institutions which have the right to conduct personal loan mortgage application check with credit reporting bureaus andor access consumer reports, usually via alternative providers in order to define credit capacity, standing and worthiness.
Submitting the information, the customer permits the participating lenders to verify their data and check their credit. Late payments on loans may cause extra fees as well as collection activities, or even both. Non-payment of a loan can result in collection activities. Every direct lender has specific terms and conditions as well as renewal policy. It's important to check the performed policies for further details as they may differ from lender to lender.
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