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Because there is no credit check or scoring carried out you will need a guarantor to back you and your loan. Borrowers who use bank payday loans tend to become trapped in a long-term cycle of debt, according to a recent study from the Center for Responsible Lending. You will not have to write checks as security for the loan or authorize a lender to withdraw the amount owed from your bank account.
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Hold an active bank account. If you're in this situation, you can put aside the money for your kids -- you might even be able to get Uncle Sam to foot the bill for their college education. That's what one 67-year-old man in Austin, Tex. plans to do. Although he didn't want us to use his name, "Bill" was happy to share his story. Tips on getting bad credit loansÂ Bad credit welcome.
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