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A private loan is an unsecured, lump-sum loan that is repaid at a fixed rate more than a particular period of time. However, there are elements that come with taking a loan that can hurt or help your credit score. If you are in the market for a personal loan, make sure you only borrow what you require and that you have the ability to spend back any funds you borrow. Notes investors get are dependent for payment on unsecured loans produced to person borrowers.
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