Avail a loan with no prior credit history

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Avail a loan with no prior credit history

reverse-mortagage-375x195You have never availed a loan in your life. You want to do so. You are confident of getting this loan as you have no credit history. Then a rude shock. Your loan application has been turned down. Why has this happened? Banks are reluctant to lend to newcomers as banks are not confident if their money will be returned. This makes them hesitant to do so, as banks prefer to err on the side of…

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