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re: Just took on a client who took out pay day loans
Posted on 2/5/18 at 1:56 pm to jiffyjohnson
Posted on 2/5/18 at 1:56 pm to jiffyjohnson
you have to have qualifying collateral. I.e. In asset classes that meet the bank's requirements like an owner occupied home or non-retirement investment accounts. Obviously credit is a consideration in loans, but you still have to meet the bank's other requirements.
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