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With the rising cost of living and limited income, most of the people today face cash shortage. This leads to frequent borrowing of loans some of which results in defaults, arrears etc. This situation leads to negative credit profile of the borrowers.

The worst problem of negative credit issue or in other term bad credit profile is the reluctance of lenders to offer you any loan.

However, owing to the tight economy in general, negative issues in credit profile have become extremely common. There are several people who now have a bad credit profile.

So can we really deny the facility of borrowing cash to a person who is in need but have a bad credit profile? No; no competitive and open market can afford to deny this basic right to any citizen, however bad credit profile he or she has. After all even these people face cash crisis and they need to be supported to meet their needs.

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