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Personal loans are doled out by lenders and, unlike credit cards, are not revolving lines of credit. When we say “long-term” personal loans, we’re referring to loans that stretch beyond the one-year mark.
How can I get a short-term loan with bad credit? Short-term lenders are more concerned with your ability to repay than with your credit history.
A disadvantage of a long-term working capital business loan is the fact that you may end up paying a larger total amount over the long-term as compared to what a business would pay a short-term working capital lender.
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Installment Loans. Have you ever experienced a situation where you were supposed to cover sudden expenses? Consider an installment loan! If your credit score is poor, an installment loan could be the best solution, if compared to a payday loan.
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