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n Age: You should be no less than 18 years old.
Citizenship: Proof of citizenship or everlasting residency is normally required.
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n High-Interest Rates: Due to the elevated threat to lenders, interest rates are sometimes larger compared to commonplace loans.
Potential Debt Trap: Failing to repay on time can result in a cycle of debt that can be hard to escape.
Risk of Collateral Loss: For secured loans, defaulting may end up in the loss of your valuable belongi

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