What’s A ‘Continuous Payment Authority’ (CPA) And How Can I Cancel It
APR stands for annual percentage rate. Before agreeing to a loan, many payday lenders will ask you to set up a recurring payment (also known as a continuous payment authority or CPA). Payday loan consolidation works by bringing together multiple payday loans of a borrower and combining them into one loan. In Texas, a lender is allowed to charge no…