Is it easy to obtain loans for personal debt?

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Raeligh Posts: 1 Newbie

25 September 2007 at 9:46AM in Loans

Hi,

Is it easy to obtain loans for personal debt?

This is a tricky question because there are many variables that will go into the answer. It will be easy for you to obtain a loan for personal debt if you have a good credit rating and if you have a good relationship with your bank or lending institution.On the other hand, it may be difficult, although not impossible to secure a personal loan if you have a bad credit rating and you don't have an income to pay back the loan. Neglected to re-pay lenders in the past is also a matter.

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Is it easy to obtain loans for personal debt?

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