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Micro lenders offer smaller loan sizes, regularly require less documentation than banks, and often apply more flexible underwriting criteria.
A warehouse receipt is a non-negotiable instrument completely notifying that at a certain moment in time a certain amount and quality of a commodity were delivered into a warehouse.
First-mover status is often meaningless (like many others, I prefer second mover) and certainly not sustainable in a market of compelling size.
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Within 14 to 31 days you can easily repay the amount as per your financial comfort level. However, you must make sure it is paid on time otherwise additional penalty charges have to be paid. As it is a short term by nature, you need to pay high interest charges to the lender.
Various people are involved in fore trading, which is similar to stock market trading, but FX trading is completed on a much larger overall scale.
To be on the safe side, it is better you close that bank account to prevent the payday lender from later trying to debit your account as they already have your bank account details.
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