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We respect your privacy and Bad Credit Loans Approved ™ will only share your information with the lenders we work with. If you would like to learn more about the lending process please review our faq and rates page located in the navigation bar above. The type of debt is also considered when computing the credit history of an individual. Some types of debt are better than others when it comes to the payment history. This accounts for 30% for the score of an individual. There are three types of debt and these are revolving debt, instalment debt and open debt. Revolving debt is mostly made up of credit card debt, while instalment debts are those that have fixed payments over a certain period. An auto loan is a good example of an instalment debt. An open debt is not that usual. This type of debt has to be paid in full after each period. Our lenders can help you meet unexpected expenses with payday loan online service.

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