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How To Convert A Payday Loan To A 6 Mo. Loan?

I can pay it in 6 monthly payments.

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    If you have an option to convert a payday loan to a 6 month loan, first of all you should calculate the total amount payable (Principle + Interest) on the maturity date. For example if you borrowed $400 with $80 interest, then you need to pay back $480. If your lender allows you then you can pay $80 per month and  pay back the loan in 6 equal monthly installment.
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    Rayoflight 

    answered 2 years ago

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