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Some investors will even use a hard money loan to get a property, do some quick upgrades to raise its value, sell it off while making a profit, and get a new loan from a traditional bank to pay off the hard money lender.

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Please also keep in mind that wire transfers are made only within standard banking hours.

Similarly, taking some simple steps, such as living within your means and paying all your bills on time, can help you rebuild your credit in a couple years.

When applying for a loan, applicants are always encouraged to review their individual credit history to ensure that there are no bad credit listings noted on their credit file.

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As explained in Market Concerns—Short-Term Loans, the Bureau believes that such reborrowing frequently reflects the adverse budgetary effects of the prior loan and the unaffordability of the new loan.

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