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Payday loan hurt credit score

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Payday loan hurt credit score

[Ohio Neighborhood Finance] is not licensed under the STLA and is, therefore, not entitled to make short-term loans pursuant to the STLA, Justice French wrote. But the loan here was not an STLA loan; it is undisputed that the STLA would not permit the subject loan, because its terms contravene the STLAs requirements regarding the loan term, interest, and fees.

Because [the lender] did not issue a loan made pursuant to [the STLA], the loan does not payday loan hurt credit score as a short-term loan subject to the requirements of the STLA.

Nothing in the STLA limits the authority of MLA registrants to make MLA loans. Justice Frenchs opinion was joined by all of the justices. Justices Paul E.

Payday loan hurt credit score