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Independent, participating lenders that you may be matched with may perform credit checks with credit reporting bureaus or obtain consumer reports, typically through alternative providers to determine credit worthiness, credit standing and/or credit capacity.
It explains that in the event there is a remaining balance at the end of the Loan Term, MyPower will provide a refinance option for the outstanding balance.
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If you are late for the agreed payment, a lender, again depending on your agreement, can add fees, send to a collections agency, report your late, partial, or none payment to a consumer reporting agency.
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