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Online loans are issued by what are called "balance sheet lenders," who are lending money directly from their cash reserves. This is different from a bank, who is lending money from customer deposits.
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can you borrow against 401k to buy a house · In recent conversations, the question has come up as to whether you call rollover your 401k to a traditional IRA while still employed at the sponsoring employer. There seems to be some confusion about this and rumors of new laws that allow it. The short answer to the question is, no. By law, you can.
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For people with poor credit or no credit history, there are personal loans available that can be used for any purpose. These loans, often called bad credit loans, can help a person who has experienced bankruptcy, repossessions, foreclosure or other credit-challenged situations, to re-establish or establish a good credit history.
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