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OPENING UP THE ALTERNATIVES FOR SDL BORROWERS

OPENING UP THE ALTERNATIVES FOR SDL BORROWERS To ease the issues with non-bank supplied SDL items, a accountable SDL would align using the following conditions and terms, with a simple framework in mind—to offer short-term liquidity in a low-cost and clear way. Affordability and underwriting. Monthly premiums must not pose affordability challenges for the debtor, …

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Installment loans from nonbank providers routinely have “precomputed,” instead of “simple,” interest

Installment loans from nonbank providers routinely have “precomputed,” instead of “simple,” interest Precomputed interest ensures that the re payment routine, such as the number of interest due, is determined at that time the loan is granted, therefore regardless of if a debtor makes very very early re re re payments, the total interest charged will …

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