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  4. Why is the interest higher than a ‘normal’ bank loan?
  1. Home
  2. FAQs
  3. Interest and Fees
  4. Why is the interest higher than a ‘normal’ bank loan?

Why is the interest higher than a ‘normal’ bank loan?

Our lenders specifically help those with a poor credit rating 😀

This means that they can help millions of customers, who by often no fault of their own find themselves battling with:

  • A less-than-perfect credit score and who;
  • The more conventional lenders will not lend to

But overall this type of lending comes with a higher level of ‘risk’, which means that the lenders need to charge;

  • A higher rate of interest, as;
  • On a small percentage of loans, they won’t get their money back;
  • So the higher interest rates reflect this.

 


> Bad Credit Score? See Loan Options <


 

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