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 Wysłany: Śro 7:04, 19 Sie 2015 Temat postu: cash advance transaction |
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When the economy is doing poorly, banks become more conservative and are less likely to approve customers who have marginal or bad credit. Other lenders are more understanding, and realize that there are people who have had financial problems in the past, yet still face emergencies when they need to borrow money. efunds payday loan There are a few disadvantages of bad credit loans. The first disadvantage is being the high interest rates that come with the loan, which are substantially greater than most banks. Financing agencies also do not simply hand out loans like candy. For a person to be able to secure a debt, that person must have steady income from a job or a personal business. It also becomes a financial risk due to the high interest rates which is in the 5 % to 10% range.
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