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What makes the difference between getting a regular personal loan and a poor credit personal loan is the credit score. This score is a number between 300 and 850 and it has a different meaning for each value.
If you have a score of 650 or above, it means that you have good credit and you will probably get a loan without encountering difficulties. If instead, your credit score is a number below 650 you will be categorized as having bad credit and getting a loan will be harder and harder as you get close to the inferior credit score limit. |
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