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You will be sent a confirming e-mail with a copy of the promissory note as an attachment, for your records. The amount of loan repayment that you now owe will also be added to your student tuition account, along with the date the repayment is due. The legality of MCAâs international loan making is murky at best, but a search of open or pending lawsuits against MCA (or their parent company International Cash Advance) turns up no results. There are, however, numerous complaints from individuals who claim that MCA turned to that little bit of fine print to exempt themselves from consumer protections enacted on a state level. Âˇ No questions about why you need or want the bad credit installment loan for A: Having a bad credit record is a common enough for students. For them the best option is to apply for federal loans. These loans can be applied for by submitting the FAFSA form online. These are awarded not on credit record basis but on a financial or academic merit basis, therefore these are most suitable. The interest rate of these loans is also very low.
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