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The reason for this is that the credit companies see unsecured loans to people with a bad credit history as high risk and consequently apply higher charges or, as you may have experienced, the loan request is refused. Will I qualify for a loan? As compared to conventional loans, Same Day Payday Loans are approved really quickly. No wonder, they are intended to help you in putting unexpected financial shortfalls right. However, the interest rates and fees are quite high because payday loans no faxing should be liquidated in a short term. It's in your best interest to find out about interest rates and fees as much as you can. You should know how these fees and interest rates are calculated. So, feel free to ask your lender these questions.
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