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Banks also often have a wide range of loan products to choose from, so the loans borrower can find a loan that meets their specific needs. Another disadvantage of doorstep loans is that they may not be regulated as closely as online loans or traditional loans. Get your money: If your application is approved, the bad lender will deposit the loan amount directly into your bank account.
Peer-to-peer lending: Peer-to-peer lending platforms allow individuals to borrow and lend money to one another without going through a traditional bank. Here are some strategies you can use to manage your credit and potentially qualify for better loans:.