What situation can not be used for a personal loan?
Personal loans should not be taken for gambling, investing in stock market. “Do not take a loan to invest in stock markets or other speculative purposes. This is nothing short of a gamble where you might lose out the money invested. There are no quick ways to get rich.
Why would you not get a loan?
The most common reasons for rejection include a low credit score or bad credit history, a high debt-to-income ratio, unstable employment history, too low of income for the desired loan amount, or missing important information or paperwork within your application.
What are three reasons for taking out a loan?
The correct option is (d) Payday lender.
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