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Don't max out your credit cards or take on more debt than you can handle. Banks may also have more stringent eligibility requirements than other types of lenders, which could make it harder for some borrowers to qualify for a loan.
These loans often have much higher interest rates and fees than online loans or traditional loans, which can make them difficult to repay. Banks also often have a wide range of loan products to choose from, so the online borrower can find a loan that meets their specific needs.