1 Understanding Credit deficient Loans
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Credit-deficient loans, often referred to as subprime loans, are designed specifically for people with less-than-stellar credit. These loans come into play when conventional lenders assess a borrower's creditworthiness through their credit score scores. When a borrowers credit score rating falls under a certain degree, usually round 580, they may discover it difficult to qualify for conventional loans. In such cases, credit-deficient loans present an alternat

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