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This limit is typically a portion of the credit cardholder's overall credit limit and is set by the credit card issuer. Check your credit report regularly: It's important to periodically review your credit report to make sure it's accurate and up-to-date.
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. Use credit wisely: If you do have credit, use it responsibly. These platforms may be more willing to lend to unbanked individuals who may not qualify for a traditional loan.