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Alternative lenders: Alternative lenders, such as online lenders and non-bank financial institutions, may be more willing to lend to unbanked individuals than traditional banks. The application process can be time-consuming and may require the credit borrower to provide a significant amount of documentation. One of the credit main drawbacks of doorstep loans is the high cost.
The bank will then review this information to determine whether the macfarlan borrower is eligible for the loan and, if so, how much they can borrow and at what interest rate. It's generally a good idea to keep your credit utilization below 30%.