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Personal loans can be quite tempting however, it has pros and cons. Even you asked for help from a licensed money lender, this type loan does have a fair share of disadvantages.

1. High interest rates.

2. No part payments.

3. Need for good credit rating.

4. Variable loan and interest as per your credit rating.

However it still depends on you and your circumstances (if you are in pressing need for cash).

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7y ago

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