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“1 year loans are a better lending option due to its longterm, larger loan amount and more convenient scheduled repayment options.”

In the case of 1 year loans for bad credit, the length of the repayment time is clearly mentioned- 1 year. The longer time makes 1 year loans different from short term loans, which must be repaid on borrower’s next payday. 12 month loans bad credit is counted into the category of installment loans because you can repay your loan amount into several small installments over 12 months.

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