04022020 3 utilize a Lending Network Traditionally borrowers needed to call or visit each bank or lender individually to get an idea of the various rates available on the market Today there are a number of lending networks available that make the process of finding the best rate much easier
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Personal loans and credit cards are both generally considered to be unsecured debts because the lender has no way of securing or guaranteeing that the debts will be paid Unsecured debts are thus riskier for the lender than secured debts and will usually carry much higher interest rates 3 CashAdvancecom
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