There comes a time for everyone when you need a loan, and need it now. But for those with a bad credit rating, getting approved for a loan can be tricky business. No matter how desperate you are, be weary of easy approval loans if you have bad credit. Some companies are simply out there to take advantage of a bad credit rating to charge sky high interest rates on personal loans.
Check out this infographic that shows how finance companies shark on low-end consumers:
Across the Middle East and South-East Asia, Islamic financial institutions hold aggregated assets estimated to be worth $50 billion. To some, this cash-rich sector represents a huge opportunity for growth and investment. But perhaps, what Islamic banks can really offer is a set of guiding principles that can enhance financial stability, four years after the crisis.
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