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What are lenders looking for. Lenders typically like to see on-time payments to show that youre likely to repay your new loan on time. They might also look into how much debt you currently have to see if adding on anymore would be overly burdensome for you to keep up with. Do all lenders perform a credit check. In some cases, lenders may not perform a credit check at all. This is bank islam personal loan 2017 true for payday loans and short-term installment loans.
Instead of checking your credit, they emphasize your income verification. Credit checks can be an important part of the loan application process, but not always. It really depends on your lender and the type of loan you need. Fees.
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Spotloan is a better way to borrow extra cash. Its not a payday loan. Its an installment loan, which means you pay down the principal with each on-time payment. Borrow 300 to 800 and pay us back a little at a time.
Months, not weeks. Unlike payday loan agencies, at Spotloan you are able to pay us back over months, not weeks.