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Implications of Non-Payment & Collection Practices: If you do not make the payments on your loan you may be responsible for additional fees and interest and collection costs. This may lower your credit score. Lenders are required by Federal and State law to use fair practices in their collection actions for a loan that has not been repaid. You are protected by the Fair Debt Collections Act, which includes limitation on how a lender may collect an unpaid balance including: Plain Green Loans offers short term loans that work just like payday loans. Consumers can apply online, and they do not need to worry about their credit history. However, the key difference between a payday loan and a Plain Green loan is the repayment plan. When consumers take out a Plan Green loan, they get anywhere from four months to nineteen months to repay their loan. This flexibility is an asset to most consumers. If you need money, you should follow the advice in a Plain Green Loans review, and you should contact them immediately. They will help you to get the funds that you need. Q: While I was looking for student loans bad credit no cosigner needed, I came across federal loans. Do federal loans fall under this category?
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