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When conventional borrowing options aren’t getting the whole job done, parents of college students and independent graduate students have access to supplemental funds through the PLUS program. These loans are traditional credit-based options, so someone with a worthy credit history must lend it to the application. Interest rates are lower than market standards, so while credit checks are required, the resulting loans are decent low-impact college financing supplements. Canadian Online Loans Are a Completely Hassle-Free Service Payday loans and installment loans (in particular, the type provided by World Finance) are what consumer advocates call ‘small-dollar, high-cost’ loans. They often carry high interest. That is in part because the borrowers are typically low-income, and/or have poor credit or little credit history. Such subprime borrowers may not have access to cheaper forms of consumer credit—such as credit cards or home-equity loans through banks or credit unions.
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