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Pros and cons of bad credit loans
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[QUOTE="Leah Kelvin, post: 342936, member: 106815"] Bad credit loans are designed for individuals with low credit ratings and can be used to repair a damaged rating by making timely repayments. They also have easy terms of payment and provide emergency money. Nonetheless, they carry high charges, penalties, and are likely to become an instrument of undue influence on the part of lenders. They may restrict amounts one qualifies for as well as expose one to plunging into default with no clear means of paying back. It is important to carefully weigh advantages and disadvantages of bad credit loans before choosing any. Despite their ability to handle financial constraints borrowers have to be wary about them, reading all the clauses so that their financiers do not push them further into debts. [/QUOTE]
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