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How Do Payday Loan Companies Verify Your Identity?

Tuesday, July 16, 2013

How Do Payday Loan Companies Verify Your Identity?
Payday loan companies are designed to offer short term loans to consumers. The loans are meant to help a consumer out in an emergency. The bulk of payday loan customers are unable to obtain a loan from a traditional funding source. Payday loan companies will require a great deal of information from a potential borrower to verify their identity. This verification process is designed to protect both the payday company and the borrower.
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