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    gweirp1's Avatar
    gweirp1 Posts: 2, Reputation: 1
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    #1

    Aug 13, 2008, 05:24 PM
    What does it mean when an approved loan is Terminated?
    If a consumer has been approved for a Signature and a Secured Loan several months ago, and you receive a letter from the Lender that states your loan is Terminated, what does that mean?
    progunr's Avatar
    progunr Posts: 1,971, Reputation: 288
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    #2

    Aug 13, 2008, 05:38 PM
    I believe it would mean that the approval has been canceled, and that they are no longer offering the loan, on the terms previously discussed.
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