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3 REASONS WHY YOU SHOULD OPT FOR A PRIVATE MONEY LOAN
<strong>3 REASONS WHY YOU SHOULD OPT FOR A PRIVATE MONEY LOAN</strong>

CREDIT REQUIREMENTS

Bank loans are heavily dependant on your credit score. If you don’t have a stellar score, you won’t get a loan.

While private financers do not lend money if you have a bad credit score, their requirements are still not as strict as banks.

IMMEDIATE CASH

Bank loan procedures are tedious and require a lot of waiting time.

Private loans do not have such long waiting times and the application process is also much simpler.

INCOME REQUIREMENTS

If you are self-employed, or have an irregular source of income, you can still get a private loan. Private money lenders do not require proof of income as long as you have collateral.