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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. These might seem like a good idea because they come to you, but they can actually be risky. In addition to a wide range of loan options, banks are also typically regulated by government agencies, providing an extra layer of protection for the online borrower.
However, it is important for borrowers to be mindful of their spending when using a revolving credit line. This may include your name, address, phone number, employment information, and bank account details.