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Even though some lenders take the risk of giving loans to people with bad credit, they take protective measures by charging relatively high interest rates on their loans. Getting approved for bad credit loans can be challenging and hectic at times, especially if your credit rating and worthiness is not good. The following tips can help a person with bad credit to get a loan from a financial institution or any lender for that matter. Installment Loan Options for Bad Credit Borrowers Find Your Best Installment Loan Option Table 1: Example of loan amortization: equal total payment plan.
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