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16/07/2012 08:41

Personal cash loans are small short-term loans that can be access within few minutes and are meant for only employed people who have a steady income. In case if your loan application is approved, the loan fund will be deposited directly into your checking accounts. The lenders do not follow any credit checks to see your credit stability but based on your income potential they will approve the loan application. The loan limit is also calculated based on your income and are required to be paid back on the next payday.

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Personal cash loans can either be secured or unsecured but in both cases the loan procedure is same. The loan amount ranges from $50 to $1500 and depending on each $100 borrowed the rates are calculated. Normally, the rates will fall within $10 to $50 making the loan quite expensive. The only way to escape from these high rates is to limit the loan amount and to borrow from legitimate lenders who offer lower rates.

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