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The bank will then review this information to determine whether the online borrower is eligible for the loan and, if so, how much they can borrow and at what interest rate. Payday lenders, on the online other hand, often require the borrower to have a certain credit score and may also require proof of income and employment. Don't max out your credit cards or take on more debt than you can handle.
These loans often have much higher interest rates and fees than online loans or traditional loans, which can make them difficult to repay. Instead, try to pay your balances in full each month and only charge what you can afford to pay off.