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That means that over maybank personal loan philippines of households in America use sources such as QuickLoans. net to obtain loans, cash checks and other services. The two primary points this study shows more than a quarter of the households in this country are not being served by traditional banks and that they have found more reliable sources to meet their financial needs.
Another revealing study done in May 2018 found that 40 of Americans cannot cover 400 in the case of an emergency expense. This fact alone shows a major failure in the traditional banking system. Banks do not give quick, short-term cash loans.
They only provide large loans, for specific purposes and have lengthy application processes that require good credit for approval.