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Whatever the form of loan you apply for, you'll probably need to have a superb credit history score and lots of cash flow to qualify for just a $55,000 loan. You might also be asked to offer pay stubs, tax returns, W-2s, 1099s, and other documentation that displays your earnings.Forbes Advisor adheres to demanding editorial integrity expectations.

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The 2nd illustration supply might be tempting as the every month payment is most likely much more manageable. Even so, notice that this selection may possibly actually Charge you numerous more cash in curiosity. If a $834 payment is out on the concern, then you need to go with the 2nd option, even though this means spending additional curiosity.The

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