How to Avoid Common Pitfalls When Comparing Loans Online

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When comparing loans online, don't just focus on the interest rate—watch for hidden fees like origination or prepayment penalties. Check each lender's APR, which combines rate and costs, and confirm your credit score beforehand to avoid surprises. Also, avoid clicking multiple applications at once; instead, use prequalification tools that don't ding your credit. Finally, read customer reviews for red flags about service or hidden terms.