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n Research: Read reviews and rankings of different lenders.
Compare: Look at rates of interest, repayment phrases, and additional fees.
Transparency: Ensure the lender does not have hidden charges or ambiguous terms.
Customer Service: Good customer service is essential for resolving any points which will arise in the course of the loan t
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A: While having poor credit can restrict your options, some lenders focus on loans for people with poor credit score. Keep in mind that these loans might include larger rates of interest because of the increased danger to the len
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n Higher interest rates, which might considerably improve the price of borrowing.
The potential for falling into a cycle of debt if unable to meet repayment phrases.
Possibility of dropping collateral in the case of secured loans.
Impact on future credit scores if repayments are mis
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