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subota, 30.06.2012.
Is It Possible to Get Loans Without a Bank Account?
Guaranteed cash advances are sources of funds by lenders provided to borrowers without doubt. Borrowers are guaranteed to acquire the funds despite being unable to provide collateral to secure the loan repayment. Yet, obtaining this ""guaranteed"" source of fund has several disadvantages too.
Firstly, because it is guaranteed, borrowers often borrow without assessing their needs and think whether or not the fund is crucially needed. Borrowing without thinking implies poor financial management and this draws the borrower a step closer to bankruptcy.
Moreover, although borrowers are guaranteed to be granted with this fund, it does not mean that they have the certain capability to repay it. Failing to repay a loan will cause the borrower to have a bad credit score and this will make it more difficult for the person to borrow other loans, particularly long-term ones in the future.
Secondly, cyber crime is becoming rampant today. The internet is a popular spot for perpetrators to set scamming and phishing sites, whereby fake loaning websites are set up with the intention of cheating for money or stealing customers' personal information.
Seeing that borrowing cash advances are disadvantageous, it is advised that borrowers must borrow with discretion.
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