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Please be aware: That is an costly type of credit and is intended only for quick-time period monetary wants. Ii. A $5 service charge is imposed for every item that leads to an overdraft on an account with an overdraft line of credit score, while a $25 service cost is imposed for paying or returning every merchandise on an analogous account without a credit score function; the $5 cost is not a finance cost. Remember that once the loan comes due, the lender withdraws the funds you owe from your account, leaving you susceptible to overdraft charges.

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