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What makes application to traditional lenders frustrating is that they take their time in processing and verifying a borrowerâs financial status. They perform credit checks which usually take days to complete. With short term loans from payday lenders, even people with average to poor credit rating will only wait for hours to be approved of a loan. The no credit check policy also contributes to the efficient processing and faster approval which only short term loan providers are able to offer. seven seventeen personal loan The median credit score (50% have a higher score and 50% less) in America is a 750 FICO score . Used Automobiles
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