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It is important for borrowers to carefully consider their options and choose a loan product that meets their specific needs and financial situation. Credit-builder loans: Credit-builder loans are small loans that are designed specifically to help people build or improve their credit. This can be done at an ATM, bank, or other location that offers cash advance services.

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Using a secured credit card responsibly can help you build or rebuild your credit. However, it is important for borrowers to carefully consider the online terms of their loan and ensure that they can afford the monthly payments before agreeing to take out an installment loan.

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