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The following table shows the interest charged for a typical loan. The table shows the interest as an Annual Percentage Rate* and as a dollar amount:

LOAN AMOUNT
INTEREST
CHECK AMOUNT
APR*
LOAN TERM
LOAN TERM
LOAN TERM
(Amount Financed)
(Finance Charge)
(Total of Payments)
7 Days
14 Days
30 Days
$50.00
$8.82
58.82
919.80
459.90
214.62
$100.00
$17.65
$117.65
920.32
460.16
214.74
$150.00
$26.47
176.47
920.15
460.07
214.70
$200.00
$35.30
$235.30
920.32
460.16
214.74
$255.00
$45.00
$300.00
920.17
460.08
214.71

 

*ANNUAL PERCENTAGE RATE: The APR is the cost of your loan expressed as a yearly rate. The APRs are based on example loan terms of one payment (“Check Amount”) due in 7, 14 and 30 days. The APR will increase if the actual loan term is shorter than these examples, and will decrease if your loan term is longer.

The check negotiated is being negotiated as part of a deferred deposit transaction made pursuant to section 23035 of the financial code and is not subject to the provisions of section1719 of the civil code. No customer may be required to pay treble damages if this check does not clear. Regarding customer complaints and concerns please contact the Department of Corporations toll free at 1-(866) ASK-CORP (275-2677)

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