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California Department of Business Oversight Advises Caution for Payday Loan Consumers. The Department has posted an updated Internet Payday Lending Alert for consumers who might consider using payday cash advances from online lenders.

The alert is also available in Spanish. The Department warns potential borrowers to take extra caution when dealing with unlicensed Internet payday lenders who fail to obtain a license with the Department of Business Oversight, evading state personal loans zero interest and regulations designed to protect consumers. The Alert provides advice and contact information to report unlicensed lenders. What can happen if I use an unlicensed Internet payday lender. Lenders may collect from your bank account directly without your permission, even if you are unable to repay the loan.

You can be charged an interest rate far higher than California law allows. Unlicensed Internet payday lenders may sell or pirate personal financial information even before a loan is agreed to or the borrower opts to not complete the transaction.

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SME Credit Line - The best option for entrepreneurs whoвЂre looking for financing to sustain their business†daily requirements such as purchase of supplies and inventory. This is also a good solution to cover expenses and receivables gap. SME credit line holders can borrow from PHP 1 to 20 million and is personal loans zero interest every year.

Whether youвЂre planning to open a new branch or buy additional equipment, thereвЂs a Metrobank loan for you. Just visit the branch nearest you or contact one of our authorized loan consultants here at Loansolutions PH to inquire about the loan you like to get.

ELIGIBILITY CRITERIA.

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