Payday loan alternative

Payday loan alternative

Which payday loan is best? Viva loans are some of the best payday loans available on the internet. Aside from its reputation, it offers quite affordable rates. Like many other online payroll loans, viva offers a simple and straightforward application process. You can even choose an expiration date by filling out an online form.

What are the costs and fees for a payday loan?

Payday loans generally charge a percentage or dollar amount of $100. These charges can range from $10 to $30 for every $100 borrowed, depending on the laws in your state and the maximum amount allowed by your state. $15 per $100 fee is common. This equates to almost 400% per annum on a two-week loan.

Who offers payday loans?

LoanByPhone is a short term loan company owned by Check Into Cash. It offers short-term loans and borrowers with a below-ideal credit score. There are two types of loans: Payday loans. While the total amount you can borrow varies by state, LoanByPhone offers personal loans that range from $100 to $1,500.

What is the best way to borrow money?

A secured loan is perhaps the best way to borrow money. Secured loans are secured by an asset such as a house, car or other valuable item. Mortgages, car rights, and pawnshops are common types of secured loans.

Best payday loans

What are the bad things about payday loans?

  • Payday loans are incredibly expensive. Your most expensive credit card may have an interest rate of 28% to 36%.
  • You can get stuck in a repeating loop. Some of the more reputable short term loan companies try to avoid this by maintaining a customer database to prevent this from happening.
  • At this rate, the debt quickly mounts.

Why payday loans are bad?

Reasons why people apply for personal loans. People with bad credit are natural buyers of personal loans. A borrower can apply for a loan and not have to worry that his creditworthiness is bad or does not exist at all. Another natural market is people with little or no savings.

:diamond_shape_with_a_dot_inside: Which payday loan is best for bad

Best payday loans with bad credit: QuidMarket If you have bad credit, it can be difficult to get approval for a loan from a traditional lender. However, short term loan companies like QuidMarket are always available to lend you credit even if you have bad credit and they offer loans up to £1,500 at no extra cost.

:eight_spoked_asterisk: What is the best loan guaranteed with bad credit?

  • simply one of the best sites to use when you need money right away and want to pay off a loan later.
  • can help you get in touch with the lenders that have the loan you need.
  • Payoff.
  • Prosper.
  • OppLoans.
  • One Main Finance.
  • Avant.
  • Upstart.

:eight_spoked_asterisk: What are good payday loans?

  • CashNetUSA: The Best Overall Online Payday Loans. If you are looking for an installment loan and you are comfortable with relatively short maturities, CashNetUSA is a good option.
  • Checkout - The best process to apply for a personal loan. Check Into Cash, one of the most reputable payday lenders, manages small loans and negotiates directly with customers.
  • Check 'n Go: the best online personal loans at competitive prices. Check 'n Go started as a brick and mortar store before moving to online loans with the advent of the internet.
  • On Time: The Best Online Payday Loans for Resources. Since its inception in 2005, Oportun has provided more than one million loans.
  • Credit Boost - The best online payday loans to boost your credit score.
  • LendUp - The best online payday loans for small loans. If you are looking for a smaller loan, in installments or installments, LendUp is your best option.

:diamond_shape_with_a_dot_inside: Is it easy to get a loan with bad credit?

It is very difficult to qualify for a bank loan if you have bad credit. However, alternative sources of personal loans are specifically aimed at low-cost borrowers. The most effective way to obtain this type of loan is through an online lender search service.

Are payday loans legitimate?

Payday and installment loans are not legal in all states, and even when they are, lenders generally have to follow strict rules. Any creditor who does not want to comply with the laws of the state is illegal.

Can payday loans damage my credit score?

Most financial services or transactions can hurt your credit score if left unmanaged.

:brown_circle: How do payday loans affect your credit score?

How payday loans can affect your credit score. If the bank does not validate the prepayment check you presented to the payday lender and you are unable to repay the loan, your credit rating may deteriorate if you have no other source of funding (or if a payment schedule or extension has been agreed upon) to to cover the remaining number.

Which payday loan is best for college

BoroCash is a personal loan created for students and delivered through the Boro application. The money can be spent on anything you need, such as textbooks, parking tickets, grocery shopping, and more. Checking the rate does not affect your creditworthiness.

:diamond_shape_with_a_dot_inside: Are payday loans a good idea?

Personal loans tend to worsen your financial situation. With an interest rate of 400% per year, it is almost impossible to pay off a personal loan, especially if you did not have enough money in the first place. A survey by the Consumer Financial Protection Bureau (CFPB) found that only 15% of new borrowers of payday loans can pay off their loans in two weeks.

:diamond_shape_with_a_dot_inside: What are the best student loans for college students?

They also usually have the lowest interest rates of any student or personal loan on the market. Your parents can also take out additional student loans in the form of a Parent PLUS Loan to help you if needed. The next best student loan option is a private student loan.

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What is the average interest rate on a payday loan?

In comparison, credit cards have an average interest rate of just over 15%, according to the Federal Reserve, and are generally capped at about 30% per year. Yes, this personal loan will generally cost you more to pay off your credit card with the higher annual interest. Payday loans are expensive and you should avoid them as often as possible.

What are the different types of payday loans?

Because state laws vary widely, each state lender can offer different services. However, payday lenders also offer other loans, including secured loans, installment loans, and lines of credit, as well as other financial services such as check cashing.

:eight_spoked_asterisk: Are there any real online payday loans?

  • Viva Payday Loans. Viva loans are some of the best payday loans available on the internet.
  • Check money. Another licensed payday lender.
  • To lend. LendUp is a great platform if you are looking for small loans.
  • Individual loans. Loan Solo offers the best processing of phone loan applications.
  • CashNetUSA.
  • Check and go.
  • Additional loan.
  • Oportun.
  • India.
  • Increase your credit.

:eight_spoked_asterisk: Are there any good payday loan companies?

  • TitleMax
  • Finova
  • cash drop
  • LoanMart
  • Financial prepayment
  • Process TMG loan
  • OppLoans
  • LendYou

:diamond_shape_with_a_dot_inside: What do I need to apply for a payday loan?

To qualify for a personal loan, you generally need an active bank account, ID, and proof of income, such as a salary. You must be at least 18 years old. To qualify for a personal loan you generally need an active bank account, identification and proof of income.

:brown_circle: Are there any legit online payday loans?

  • MoneyMutual
  • BillsHappen

How can I get a payday loan?

  • Identify any authorization issues. Before you start getting a personal loan, make sure you qualify and are willing to pay it back.
  • Visit the loan office before the paycheck. Upon arrival at the office, you will be asked to complete a questionnaire.
  • Determine your next salary. Flash credits are paid on the basis of this amount.

Which payday loan is best for fair

The expected annual interest rate should be between 10 and 15%. Online lenders work with people with fair and low credit scores. This should be your first goal. Below you will find all lenders for the online stock market. They strongly recommend starting with EvenFinancial and SuperMoney.

Can I get a payday loan with a fair credit score?

Today, people with good and even bad credit scores have a much better chance of getting a loan. You can also find other options with credit unions, banks, credit cards, etc. With honest credit, you have absolutely no reason to end up with predatory payday loans.

:diamond_shape_with_a_dot_inside: What are the best loans for people with fair credit?

There are also lenders that work with consumers who are sufficiently creditworthy. Avant gives you next business day access to funds up to $35,000. The interest rates vary from maximum per year.

:eight_spoked_asterisk: Are there any reputable options for payday loans?

These are the most respected options we've found. The best online payday loans can provide a short-term injection of cash and can provide you with the money you need quickly and easily.

:brown_circle: Can you get a payday loan with no credit check?

Also, because payday loans can offer money without a credit check, they are sometimes the only loan option for those with low credit scores. But despite the ease with which payday loans can be secured, careful consideration must be given before anyone agrees to accept one of the most prestigious payday loans online.

What is the interest rate on a payday loan?

Payday lenders charge an interest rate of up to 780% per annum (per annum) on an average loan of almost 400%.

:brown_circle: How much can payday loan lenders charge?

No lender may borrow more than $100 during the term of the payday loan, or more than $100 on the original principal and principal due during any loan repayment period. The lender may charge the borrower a fee of up to $1 for the due diligence required by Section 215 of this Act and until July 1, 2020 for the installment loan.

:eight_spoked_asterisk: What are the costs and fees for a payday loan program

What are the costs and fees of a personal loan? Payday loans generally charge a percentage or dollar amount of $100. These charges can range from $10 to $30 for every $100 borrowed, depending on the laws in your state and the maximum amount allowed by your state.

What happens when you can't repay a payday loan?

  • Automatically withdraw money from the bank. Most payday lenders are not ashamed to collect on your debts.
  • Your creditworthiness will suffer. Once your loan is past due, the lender can sell the bad debt to a collection agency.
  • Negotiations.
  • Credit alternatives.
  • You have options when you cannot pay your personal loan.

What are the costs and fees for a payday loan are classified

Payday loans generally charge a percentage or dollar amount of $100. These charges can range from $10 to $30 for every $100 borrowed, depending on the laws in your state and the maximum amount allowed by your state. $15 per $100 fee is common.

What is the average APR on a payday loan?

A typical two-week payday loan with a commission of $15 per $100 equates to an annual percentage rate (APR) of nearly 400%. In comparison, the annual interest on credit cards can range from 12% to 30%. Many states that allow payday loans have limits on the cost of the loan, fees, and the maximum loan amount.

How much interest do you pay on a $20 payday loan?

If you pay $20 for every $100 borrowed, you'll pay a $75 financing fee and a 521% annual interest rate. The annual percentage rate (APR) for personal loans is calculated by dividing the interest paid by the amount borrowed multiplied by 365 divided by the repayment period and then multiplied by 100.

:diamond_shape_with_a_dot_inside: Why do some states not have payday lending?

Some states do not offer payday loans because state laws don't allow payday loans or because payday loans lenders have chosen not to negotiate the rates and fees that are allowed in those states.

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What are the costs and fees for a payday loan require

What are the costs and fees of a personal loan? Payday loans generally charge a percentage or dollar amount of $100. These charges can range from $10 to $30 for every $100 borrowed, depending on the laws in your state and the maximum amount allowed by your state. $15 per $100 fee is common.

:eight_spoked_asterisk: What are the costs and fees for a payday loan are set

The Cost of a Personal Loan Many state laws set a maximum fee for a personal loan, which ranges from $10 to $30 for every $100 borrowed. A typical two-week payday loan with a commission of $15 per $100 equates to a annual rate (APR) of almost 400%.

What are the costs and fees for a payday loan include

A personal loan costs $17 for every $100 you borrow, which is equivalent to 442% annual interest, a $5 commission plus 21% annually on the amount you borrow.

:brown_circle: What are the costs and fees for a payday loan offer

Payday Loan Fees, Interest and Fees The personal loan will cost you 20% of the loan amount as an institution fee, and then a constant charge of 4% of the loan amount until you repay it in full on loans less than $2001.

Payday loan

:eight_spoked_asterisk: Why is a short term loan better than payday loan?

1) Short-term interest payments Because short-term loans have to be repaid in about a year, the total interest payments are lower. 2) Fast financing time These loans are considered less risky due to their shorter maturity compared to long-term loans. 3) Easier to buy.

What is the best online payday loan?

  • MoneyMutual - Best Payday Loans Online, No Credit Check. MoneyMutual is not your typical lender.
  • Bad loans are the most trusted online prepaid direct lenders. With problem loans, potential borrowers can apply for an installment loan from 500 to a large amount.
  • CashUSA - Small online payday loans for fast cash payments.

:eight_spoked_asterisk: Do online payday loans check your credit?

Many payday lenders do not require a credit check to approve a loan. Instead, the lender may check your payroll or direct deposit history to make sure you have a stable income and can repay the loan within 15 to 30 days.

Does sole offer payday loans?

SOLE does not offer personal loans or lines of credit. A cash advance is a somewhat confusingly named transaction that happens to a bank that allows you to withdraw money from your card. SOLE does not offer personal loans or lines of credit.

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:eight_spoked_asterisk: Does speedy Cash Cash personal checks?

View the frequently asked questions about withdrawals. Speedy Cash is more than a lender. They offer a variety of services to meet your financial needs, including check cashing. Speedy Cash cashes a wide variety of checks of any amount from a variety of sources, including paychecks, personal checks, government checks, money orders, and cashier's checks.

What payday loans are legit?

A statutory personal loan is one that is offered to you legally. The lender must abide by the rules set by your state, even if you temporarily move to another location. Short-term loans can be applied for online and in-store, but the rules are the same.

:eight_spoked_asterisk: Does bankruptcy stop payday loans?

In general, like any other unsecured debt, a personal loan can be liquidated in Chapter 7 bankruptcies. In Chapter 13 bankruptcy, a personal loan, like other unsecured debts, will generally be repaid, but only a fraction of the debt (often a very small amount).

Why are payday loans so expensive?

COST OF MONEY: Why Personal Loans Are So Expensive. Because of the associated risk (read: the likelihood of the borrower defaulting), payday lenders have to charge higher interest rates and fees than traditional lenders. Otherwise they would have been ruined by a myriad of glitches.

:diamond_shape_with_a_dot_inside: How can you borrow money with bad credit?

One of the most popular ways to borrow money with bad credit is to take something of value to a ■■■■ shop. ■■■■ shops take valuables from their customers and give them a cash advance at the current value of those items. You can keep your item if you don't pay off the loan before the due date.

:brown_circle: How to get a loan with bad credit?

  • Check your credit report. Keep a copy of your credit report and check your credit history.
  • Make a financial plan. Before applying for a loan, it is important to prepare a budget that takes into account your basic needs such as food, housing, etc.
  • If possible, prior permission should be obtained.
  • Don't lower your hat.
  • Pay off the loan.

:diamond_shape_with_a_dot_inside: How can you borrow money fast?

Payment in advance. You can get an advance from a credit card company if you need to borrow money quickly and only need a few hundred dollars to help you on time. While the annual interest on credit cards is lower than that on personal loans, the annual interest generally starts at about 20% and can be inconveniently high for many borrowers.

What is the best way to loan money?

As mentioned above, the most popular way to make money on credit is to use social lending sites that bring strangers together to provide a loan with a decent profit for the lender and higher interest rates than the borrower could get from the bank. might even borrow one).

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:eight_spoked_asterisk: How to renovate an old house?

  • Know your service cycles. Most buildings require maintenance every 50-60 years.
  • Adjust the solution. The new solution should match as much as possible in color, consistency and height.
  • Never grind the grout.
  • Never use sealant.
  • Replace in kind.
  • Do not speed up the single-tube steam heater.
  • Create perfect hearing.
  • Take control.
  • Get a grand finale.

:eight_spoked_asterisk: How to fund home renovation?

  • Transfer your mortgage. Refinancing your home is one way to save on monthly renovations.
  • Get a Home Equity Line of Credit (HELOC) - If you already have a low interest rate on your first mortgage or have already paid off your loan, you may not be able to refinance
  • Get a loan with equity.
  • Crowdsource.

What is the best way to borrow money for college

Yes, there are potential pitfalls to borrowing to fund your education, but within reasonable limits, this is an extremely smart move in your modern economy.

:brown_circle: How much you should borrow to pay for college?

  • Evaluate the options without a loan.
  • Think about how much you can earn.
  • Adjust your budget.
  • Calculate how much money you need to take out for student loans.
  • Future income factor.
  • Determine the type of loan.
  • Assess your return.

Underbanked

:eight_spoked_asterisk: How to pay for college without student loans?

  • Save in advance. If you have time, you can save on your education bills with the 529 Education Savings Plan or the Coverdell Education Savings Account (ESA).
  • Get free money. If a student gets good grades and test scores, they may have a chance to win a scholarship.
  • Enroll in a cheap university. It would be nice to have a reputable university on your resume, but there are multiple universities that can provide quality education.
  • He works at school. Going to college on a busy schedule can feel like a full-time job.
  • Live at home, not on campus. If you live near a college campus, you can save $10,000 or more per month if your child lives at home rather than in a bedroom.
  • Start planning as soon as possible. The sooner you start studying, the easier it is to avoid study on credit.

What is the best bank to get a student loan?

There is no exhaustive list of the best personal student loan banks, but the following are considered some of the most reputable providers: College Ave Sallie Mae Discover Wells Fargo Citizens Bank SunTrust PNC Student Loans.

:brown_circle: What is the best way to borrow money for home renovations

Home loan or line of credit (HELOC) A home equity loan is a classic way to finance home renovations. Get a loan with equity. Advantages. For large projects, large amounts of money can be made available as add-ons. Lower interest rates than personal loans and credit cards.

:eight_spoked_asterisk: How can I get money for home improvements?

But the money to do it yourself, from minor repairs to major renovations, isn't always in your bank account. Fortunately, you have several options for financing home renovations when your cash flow is low. The best ways to pay for home renovations are: home renovation or home renovation loans. Capital Line (HELOC).

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:brown_circle: What is the best way to pay for a home remodel?

Most people don't have a lot of money to spend on bigger projects, like extending and renovating an entire room. The most affordable money: savings, checks, certificates of deposit and savings bonds that are about to expire. Cash is the cleanest and free way to pay for your project as it is not signed with a lender.

:brown_circle: What is the Best Remodel loan for You?

If you know exactly how much your project will cost, a home loan can be the ideal home improvement loan because you receive all the money up front. However, late payments can seriously harm you. Since this type of loan also uses your home as collateral, your home could be repossessed if you are granted a deferment of payment.

What is the most dangerous way to lose weight?

Despite all the unhealthy ways to lose weight quickly, overtraining is more likely to lead to dangerous injuries. Instead, the best approach would be to have a short, high-intensity cardio routine combined with strength training and a healthy eating plan.

How to start losing weight for beginners?

  • Eat more fruits and vegetables. Add vegetables to every meal.
  • Start small. Most people who give up on their weight loss goals do so because they can't achieve too many results too quickly.
  • Drinking water. More water.
  • Make healthy exchanges. Replace soda with flavored tea.
  • Eat something sweet.
  • forgive yourself
  • Don't be afraid to get started!

:diamond_shape_with_a_dot_inside: How fast can you safely lose weight?

If you lose weight too quickly, you lose muscle, bone and water instead of fat. Try to lose 12 pounds a week and avoid diet and food. It's best to base your weight loss on changes you can sustain over time. For faster results, see a doctor or dietitian to stay healthy and get the nutrients you need.

:brown_circle: Can I get a down payment loan for a house?

  • FHA loans require a discount rate for borrowers with a credit rating of 580 or higher. Borrowers with lower credit ratings (500 to 579) must bid at least 10 percent.
  • Borrowers who qualify for a VA loan cannot take out a mortgage without a down payment (100 percent LTV).
  • Borrowers who meet the USDA criteria can also borrow 100%.

:diamond_shape_with_a_dot_inside: How do I borrow against my home equity?

When getting a home equity loan, you can use two ways: One Payment - Take a large amount upfront and repay the loan within a specified period of time with fixed monthly payments. Your interest rate can be set at the time of the loan and remains fixed for the entire term of the loan.

:brown_circle: What is borrowing against your home equity?

Loans and lines guaranteed with share capital. Home loans and lines of credit are two common ways homeowners can borrow from their equity: Home loans are typically installment loans. A loan is an agreement between a borrower and a lender where the borrower agrees to pay back the money with interest over a specified period of time.

:diamond_shape_with_a_dot_inside: How does a home equity loan work?

  • You can deduct the interest you paid from taxes when you use the loan to "buy, build or significantly improve your home."
  • You probably pay less interest than a personal loan because the home loan is covered by your home.
  • You can borrow a good amount if you have enough equity to cover it.

:brown_circle: What foods help to reduce belly fat?

1) Pineapple: Contains the enzyme bromelain, which has anti-inflammatory properties. This enzyme helps metabolize proteins that flatten the stomach. 2) Cherries: Studies show that regular consumption of cherries can help reduce symptoms of cardiovascular disease and metabolic syndrome. 3) Watermelon: Watermelon is an ideal product to reduce body fat.

What are the best exercises to get rid of belly fat?

  • burpee. If you want to get rid of the gut, you need to train as many muscles as possible.
  • Climber. Think of the climber as a moving board.
  • Swing kettlebells. The kettlebell swing can be one of the best exercises for burning calories.
  • Medicine ball ■■■■.
  • Dumbbell falls out.

What exercise burns the most belly fat?

Cardiovascular exercise is essential for burning calories and reducing belly fat. Activities that involve large groups of leg muscles burn the most calories. Choose activities such as jogging, circuit training, elliptical training, and indoor group cycling.

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What is the best food to fight belly fat?

The heart-healthy fatty acids in pine nuts boost satiety hormones that make you feel full, say Korean researchers. These same fatty acids also control belly fat. Choose fresh goat or feta cheese for a dose of Conjugated Linoleic Acid (CLA) to make you feel fuller and burn more fat.

What is a payday alternative loan?

Alternative payday loans, or PALs, allow members of some federal credit unions to borrow small amounts of money at a lower cost than traditional payday loans and pay off the loan over a longer period of time. These features can help borrowers avoid the potential debt trap that imposes high costs on lucrative lenders.

What is a pay day loan?

What is a personal loan? A personal loan is a type of short-term loan where the lender makes loans at a high interest rate based on the borrower's income and credit profile. The principal of the personal loan is usually part of the borrower's next salary. These loans charge high interest rates for short-term instant loans.

:diamond_shape_with_a_dot_inside: What is a cash advance loan?

When it comes to online loans, the cash advance is usually a short-term loan that, once approved, is quickly credited to your bank account. Usually, the amount you borrow for a cash loan is relatively small, meaning you can often repay in installments or two.

:brown_circle: Can credit unions compete with payday lenders?

According to an article in StarTelegram, eight North Texas credit unions plan to compete directly with lenders by providing short-term loans to a low-income community that relies on payday loans. Credit unions are developing a pilot program to encourage low-income consumers to join a credit union and obtain short-term loans from a credit union.

Can payday loans affect your credit score?

Your creditworthiness depends on your lender, the type of credit account and the number of loan applications you have submitted. It also depends on the frequency of credit checks, the amount requested and other factors that lower the creditworthiness of your personal loan.

:diamond_shape_with_a_dot_inside: Do payday loan companies report to credit bureau?

Payday loan companies that are legal and licensed in your state can contact credit reporting agencies. If a personal loan is canceled and transferred to a collection agency, you can even report it to the credit bureaus.

Do credit unions offer business loans?

Small business owners can benefit greatly from using credit unions. Compared to banks, credit unions offer lower interest rates on business loans, faster loans, better savings account performance, free financial education, and more.

:eight_spoked_asterisk: Are alternative payday loans better than payday loans?

Alternative payday loans are better than payday loans! Alternative payday loans work for people with very low credit scores. They bridge the gap between personal loans and personal loans. These are not credit check loans. These are the types of installment loans that generally range from $100 to $5,000.

:diamond_shape_with_a_dot_inside: What are payday alternative loans (Pals)?

Alternative payday loans (ALP), which are offered exclusively by credit unions, have specific rules that limit the fees you must pay and the amount you can borrow. For example, the application fee is capped at $20 or less.

Can a credit union give you a payday loan?

Bundesbanken - Alternative Payday Loans (ALP) To offer credit union members an alternative to expensive payday loans, the National Credit Union Administration (NCUA) authorizes the Bundesbanken to offer "small loans called PAL". The borrower must be a member of the credit union for at least 1 month.

:diamond_shape_with_a_dot_inside: How much can you borrow with a payday loan?

Alternative payday loans (ALP), offered exclusively by credit unions, have specific rules that limit the fees you must pay and the amount you can borrow. For example, the application fee is capped at $20 or less. You can borrow between $200 and $1,000 and have up to six months to repay the loan.

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What all do you need for a payday loan?

In general, payday lenders require you to have an active bank, credit union, or prepaid card account.

:diamond_shape_with_a_dot_inside: Can you be arrested for non payment of payday loan?

Answer: No, you cannot be arrested for defaulting on a personal loan. However, if you are charged or convicted and you disobey a court order, a judge may issue an arrest warrant. Never disobey a court order.

:brown_circle: Are payday loans legal in New York?

Payday loan. Payday loans are prohibited in New York State. It is against New York State law to issue personal loans, over the phone or over the Internet. Collecting or attempting to collect on a personal loan is also illegal in New York State.

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