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Secured loans: These require collateral (such as property or savings) and sometimes come with lower rates of interest as a end result of reduced lender threat. Credit unions: Often more versatile than traditional banks, credit score unions may provide extra favorable terms for individuals with poor credit score histories. Peer-to-peer lending: Online platforms connect debtors with particular person buyers, which can result in higher rates than conventional lenders.\
Borrowers should weigh the pros and cons of every possibility to determine which route is best suited for their state of affa
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