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Consider the following tips to avoid potentially damaging scams. 1. Unrealistic guarantees for approval. One of the easiest ways to spot a loan scam is the promise of guaranteed approval.
In most cases, you’ll make equal monthly payments over a set period — usually up to six months. You could also get a slightly lower APR than with a payday loan. ... Bad credit loans can help ...
You used a debit or credit card to pay a scammer. Credit and debit cards are the payment method of choice for scammers, according to the FTC. Fortunately, reversing this type of payment is a lot ...
Bad credit loans come with higher interest rates than other types of personal loans. Rates may be similar to those of credit cards , which averaged 20.66 percent in May. But credit card interest ...
While the average personal loan requires a credit score between 610 and 640, peer-to-peer loans may offer loans as low as 600. Funding times are often similar to what personal loan lenders offer.
Best for. Individuals with poor credit scores who can access this option through their bank or credit union. Car title loans. Car title loans let you borrow between 25 and 50 percent of your ...
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