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However, there are also some potential drawbacks to getting a loan from a bank. They are also usually safer and less expensive than doorstep loans.

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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 credit borrower. Community involvement: Credit unions are often closely tied to the loans communities they serve, and they may offer special loan programs or discounts to members who live or work in those communities.

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