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When deciding to get an online loan there are many risks to consider. Most online loans have a high APR (annual percentage rate.) High interest rates are common among online lenders. The biggest and most devastating danger is the risk of identity theft. While there are legitimate lenders who use the internet as a means of applying, there are also many sites which are unreliable. Once you enter your Social Security number and other personal information online, you cannot take it back. Entering any information online should always be done with caution.

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Q: What are some of the dangers of an online loan?
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