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Moreover, doorstep lenders may use aggressive sales tactics to persuade consumers to take out a loan, even if it is not in their best interest. 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.
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This may involve setting a budget, tracking expenses, and making regular payments on the bad loan to reduce the balance. This includes personal loans, mortgages, car loans, and business loans.
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