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Doorstep loans often have very high fees and interest rates, which can make them hard to pay back. 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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Only apply for credit when you really need it, and try to avoid applying for too much credit at once. Learn more about managing your credit and improving your credit score. It's generally a good idea to keep your credit utilization below 30%.