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personal loans...what do they look at for approval
I am wanting to pay off a $3,000 balance at my school so they will send my transcripts to other colleges. I was just going to put it on my credit card but was advised by others to try for a personal loan through a credit union because it will offer lower interest rates. I applied yesterday and was denied. I have a credit score of 640, my DTI percentage is 7%, and my school loans are still deferred until August. I am not sure what the problem is, can you give me some advice?

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