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Cash America International, Inc. Message Board

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  • GeorgiaStock GeorgiaStock Aug 16, 1999 1:16 PM Flag

    I hope is the bottom. eom

    Most pay day loans are a loan which has a post
    dated check as collateral. The customer can pay off the
    loan before deposit day or allow the check to be
    deposited. If the check is good when deposited, all is well
    and good and the birds will continue to sing. If not,
    the lender is left to collect the bad check. There is
    much discussion as to the validity of a post dated
    check and to what extent collection can be persued
    since the lender knew that it was NSF when written.

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