I strongly advise against applying without understanding the challenges I faced while seeking a loan. Initially, I had a $10k loan that I paid off early, leading me to believe obtaining a second loan would be straightforward. However, after receiving a pre-approval, the process took a turn. They conducted a hard inquiry, and only then did they request extensive documentation for loan approval. If you're comfortable with a hard inquiry followed by additional requirements, that's your choice. I encountered difficulties due to a new bank account opened after experiencing fraud on my previous one. Despite providing documentation for both accounts, they couldn't proceed, citing issues related to the second account. They requested multiple documents, including two payroll stubs and two months of bank statements, but I ended up canceling my request because they were not satisfied with the information I provided. Ultimately, I am left with a hard inquiry and no loan.
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