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Applying for personal loans can involve a lot of red tape under normal circumstances. But applicants who are self-employed or have income from freelance work or consulting gigs may find that they.
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Personal loans can be used for almost anything. A personal loan is an amount of money borrowed at a fixed rate that needs to be repaid in a specific amount of time. If you make the right decision, you could get a low rate for a personal loan and use it for debt consolidation or even home improvements.
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Regular Income: if you are unemployed you still need to show a regular income or source of income to make loan payments (see below for a list of alternative income sources that will be considered). Credit History : lenders will want to see how often you have made payments on time in the past and look for any negative items that may show up on.
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