Can you take out a loan after you already have one out?
Yes. You can take out a second loan. How hard it is to get will depend on whether its a mortgage, student, or VA loan. The interest rate will be relatively large though!
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About Loan
A loan is a financial agreement between a lender and a borrower. In most cases, a sum of money is given with a set interest rate attached to it. Common types include business and personal loans.
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