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what does it mean when a loan is unsecured

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

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To make matters worse, traditional lenders such as banks and credit unions have drastically tightened their credit standards for people wanting to borrow money. The average consumer is now trying to live on the same amount of income each month but finding that the price of nearly everything is continuing to rise. It doesn't take a rocket scientist to figure out that at some point, there just isn't going to be enough money to cover all the expenses. [link widoczny dla zalogowanych] Itâs not easy to raise money quickly to pay bills that just canât wait. You may find it hard to qualify for a bank loan if your credit score is low. Your loan officer may ask you to arrange for collateral or a cosigner. It can be embarrassing to ask your family members and friends for financial aid. This is an invitation to send a loan application, not an offer to make a short term loan.

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