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To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments. Can i get a payday loan online.
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Land loans are considered high risk since no improvement has been made to increase its value, it is easy to "walk away from" if finances get tight. Go to a credit reporting agency to get credit reports. (See Resources). Land loans may be hard to find, so looking your best on a loan application will be very important. Check credit reports for errors, duplications or accounts you do not recognize.
Mistakes can decrease your credit scores. Fix errors early on before you go to visit a lender.
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