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Personal loans support every credit score need

TroksTiff - Wed, 08/22/2012 - 12:56 | 1,956 views

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amirTan Says Re: Personal loans support every credit score need

Submitted On: Tuesday, Jul 9, 2013 - 6:17 AM

A lot of people have observed that while you can visit any payday loan store for a loan until payday, a similar loan is not available at a bank or credit union. It turns out there are some very good reasons for that. Firstly, banks and credit unions have to shield themselves against risk. Most people who use payday loans when they need to borrow money do repay them, but the limited documentation needed is less than the average bank or credit union is willing to accept. Part of bank underwriting criteria is normally to perform a check of credit scores, which a person who needs quick cash doesn't have the time to wait for.