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- requirement of $500 deposit taken by credit / debit card only in order to even start the loan application process. Huge revenue generator for quicken loans. Positioned as a "good faith deposit" but try getting this refunded in "good faith" if you decide to change your mind. Some lenders provide services for the military too and the state regulates the APR in this case, for it should not be higher than 36%. You must attain above 18 years of age.
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