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The bank will then review this information to determine whether the bad borrower is eligible for the loan and, if so, how much they can borrow and at what interest rate. Additionally, doorstep lenders may use aggressive sales tactics to convince consumers to take out a loan, even if it is not in their best interest.
A secured revolving credit line is one that is secured by collateral, such as a car or a house. This may include your name, address, phone number, employment information, and bank account details.