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It is important for borrowers to carefully consider their options and choose a loan product that meets their specific needs and financial situation. Use credit wisely: If you do have credit, use it responsibly.
For example, many online lenders do not require a minimum credit score or collateral. Revolving credit lines are often used for a variety of purposes, including managing cash flow, covering unexpected expenses, or making large purchases. Online loans are also very flexible when it comes to who can apply.
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Revolving credit lines are often used for a variety of purposes, including managing cash flow, covering unexpected expenses, or making large purchases. Borrowers should also be aware that defaulting on an installment loan can have serious consequences, including damage to their credit score and the credit possibility of legal action.