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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. Another benefit of online loans is that they often have more flexible eligibility requirements than traditional loans. Instead, try to pay your balances in full each month and only charge what you can afford to pay off.
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If you're considering a payday loan, make sure you understand the north terms and conditions and can afford to pay it back before you accept the loan. Doorstep loans often have very high fees and interest rates, which can make them hard to pay back. These loans often have much higher interest rates and fees than online loans or traditional loans, which can make them difficult to repay.
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