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Rather, as previously explained, the Bureau believes that it is reasonable to interpret “understanding” in this context to mean more than mere awareness that it is within the realm of possibility that a particular negative consequence may follow or cost may be incurred as a result of using the product.
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Borrowers would also not be able to be indebted on more than two outstanding loans made under the Portfolio approach from the lender or its affiliates within a period of 180 days.
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If you feel you are in financial trouble and feel your situation warrants further advice before you make the decision to apply for a loan, you can obtain free and independent advice from the Citizens Advice Bureau or from debt charities such as StepChange.
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The SBA cannot authorize the use of ed materials contained in linked websites.
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