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Low Income Loans – Low Income Financial Help – · Personal Loan Help: Qualifying for a mainstream loan from a bank can be difficult if you are on a low income or have bad credit. Many borrowers turn to payday type loans because they are unaware of better options for them.
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Loan amount: Some lenders have minimum loan requirements that are too high for low income borrowers. By reducing the amount required for low income loans, these people might be able to qualify. For example, some lenders may set a minimum loan amount of $40,000.
California’s Short Term Lending Bill Punishes Low Income Families – The intention seems to be to “protect” low-income consumers from predatory lending by driving. they’re looking for short-term loans to get them through a rough time or help with unexpected expenses.
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