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Credit history plays very important role for acquiring any kind of loan. If your credit record is good, you can acquire hassle free loan amount without facing any difficulty. In contrast, those people who miss to pay the loan installments on time are credited with bad credit score like CCJs, IVAs, arrears, defaults, bankruptcy names. This is the main reason lenders check the credit record of the borrowers before approving the loan amount. A large number of offline/online lenders are available who are ready to offer loan amount to the bad creditors.
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