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Credit unions may be a good option for those who are looking for a lender that is willing to work with them to find a loan product that meets their needs and budget. Credit-builder loans: Credit-builder loans are small loans that are designed specifically to help people build or improve their credit. Some traditional loans have strict rules about credit scores or needing collateral (like a car or house).
These loans often have much higher interest rates and fees than online loans or traditional loans, which can make them difficult to repay. They are also usually safer and less expensive than doorstep loans.
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