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Personal Loans

Unsecured Personal Loans: Pros and Cons

First of all, it’s necessary to explain what an unsecured loan is. It’s a credit product which doesn’t require putting something as collateral. For example, if you default on a mortgage, the bank can take away your house to get the part of their money back. If your loan is …

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What should you consider before taking out a personal loan?

Depending on your credit score, the amount of money you need and how quickly you need the money, you should consider your options and find one that seems like a good fit. Effects on your credit score. Some lenders do a soft pull on your credit when considering your application, which doesn’t affect …

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Personal Loan Process

How Do Banks Process Personal Loan Applications? Is it easy to get a personal loan? Well, yes and no. On one hand, there is less paperwork, since the bank does not have to verify any assets as in the case of home loans. On the other hand, there are stringent …

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Personal Loans vs. Payday Loans: Which is the Best Option?

Sometimes, you just can’t help it — you need to borrow money, and you need it fast. Traditional loans through a bank take time and paperwork, and many have hoops to jump through that those with less-than-stellar credit might not be able to make. Fortunately, other options exist in the …

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