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The reason for this is that private lenders treat student loans in much the same way they treat other commercial loans. So in order to counter the higher risk associated with a loan to student who has a bad credit history, financial institutions charge higher interest on these loans. Within the last few years, the amount of loans given to people with poor credit has greatly increased. This is excellent news for you because many banks stopped giving loans as often when the economy took a dive in 2008. Make sure that you can afford a short term loan before signing your loan documents. Bad credit loans usually have high interest rates and quick turn over periods so it is important to pay them back quickly. Instant Cash Loans
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