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So, quick online loans is a perfect way to get extra cash as soon as the next business. Budgeting for these financial “surprises isn’t always possible, and a small loan may offer the relief you need until your next pay check. You can’t get another mortgage until your home is sold, so you might consider a bridging loan to cover that period of time. Speed: Qualifying and being approved for a bridge loan is a faster process than applying for a traditional loan or an equity loan. Additionally, the presumption would not apply if the consumer is seeking to roll over the remaining balance on a covered short-term loan and would not owe more on the new loan than the consumer paid on the prior loan that is being rolled over, and the repayment period was at least as long as the period for the prior loan.

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