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Sep 28, 2017 - 34 minute read

Bbk personal loan requirements

You often hear that payday loans are something people turn to when theres an emergency expense like a car accident or medical emergency. Thats not necessarily true. In a study on payday loans, the Pew Charitable Trust found that 69 percent are used to pay for recurring expenses like utilities, food or other bills. The average borrower uses eight loans a year, which last about 18 days each. If you find yourself bbk personal loan requirements a situation where you're considering a payday loan, explore alternatives first.

If you have emergency expenses, consider using a credit card or finding a cosigner for a personal loan. These have lower interest bbk personal loan requirements and dont put you in as much of a bind as payday loans. The balloon payment when the term of your payday loan expires can leave you short when your next paycheck arrives, which can force you into taking out another to pay for your expenses.

In cases like this, making minimum payments on a credit card, while not ideal, is a better option than being caught in a payday loan debt trap.

Bbk personal loan requirements

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Bbk personal loan requirements

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