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These loans are often unsecured, which means they don't require collateral, which makes them appealing to many borrowers. However, the trade-off is that they could include greater interest rates in comparison with secured loans. Overall, they are meant to provide people a financial lifeline without subjecting them to a lengthy borrowing course
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Communicate with Your Lender: If you encounter challenges in repayment, proactively talk along with your lender.
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