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4 Loans through BMG Money are provided at a significantly lower cost than most payday loans. For example, a $2,000 loan with a one-time fee of $59 will be paid through 87 installments over 40 months, will have an APR of 35.98% and the approximate biweekly payment will be $40.00 with a total payback amount of approximately $3,479.02 (assumes a ...
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Loans for federal employees, repaid through allotments,...
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3 All loans marketed by BMG Money are made by WebBank,...
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₅ Our interest rate match policy applies only to loans made...
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Jun 1, 2022 · June 1, 2022 by Kevin Haney Reading time: 5 minutes. Federal government employees have multiple ways to quickly borrow money to help with emergency expenses or accelerate meaningful purchases.
If you leave your employer for any reason, we will work with you to set up a payment plan outside the workplace. To make a payment call us at 866.299.0211 or make a payment online by logging into your BMG Money account.
Dec 14, 2023 · As a federal employee, you enjoy the stability of a steady paycheck and valuable benefits. However, unexpected expenses can still disrupt your financial equilibrium. Explore allotment loans, tailored for federal employees to navigate such situations. With countless lenders and loan options available, selecting the right one can be overwhelming.
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Mar 24, 2021 · Insight by BMG Money. Federal Insights. What allotment loans mean for government employees. Allotment loans provide an option for federal government employees who have bad credit to get a loan with favorable terms. March 24, 2021 5:30 pm. 4 min read.
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