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In addition, the terms of low-credit loans may be much less favorable than these offered to debtors with good credit. Borrowers could find themselves dealing with shorter reimbursement intervals or larger fees, resulting in extra financial str

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A key takeaway is the importance of communication with lenders. Engaging with lenders as quickly as financial hardship arises can typically lead to renegotiations or different arrangements, probably mitigating the negative impacts associated with delinque

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