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Personal loans: Unsecured loans that can be utilized for various personal bills, from medical payments to debt consolidation. Auto loans: Specifically designed for purchasing automobiles, typically requiring higher down funds for those with poor credit score. Home loans: These may be more difficult to accumulate for debtors with low credit scores, however some programs exist to assist. Payday loans: Short-term, high-interest loans that provide instant cash, although they will lead to a cycle of debt.
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