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This may include proof of income, such as pay stubs or tax returns, as well as information about any outstanding debts or assets. For example, many online lenders do not require a minimum credit score or collateral.
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. While these loans may seem convenient, they often come with high fees and interest rates, which can make them difficult to repay.
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