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Personalized service: Credit unions are known for their personal approach to banking, and this extends to their lending practices as well. This means that people with less-than-perfect credit or those who do not own a home or car may still be able to qualify for an online loan. Get your money: If your application is approved, the in lender will deposit the loan amount directly into your bank account.
So, for example, if your credit limit is $10,000, you should aim to use no more than $3,000 of that credit. And if you live in a rural area, it can be hard to find a traditional lending place nearby.