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They will then be able to withdraw a certain amount of cash, up to their cash advance limit. Using a secured credit card responsibly can help you build or rebuild your credit. Overall, installment loans can be a useful financial tool for those who need to borrow a large sum of money and want to pay it back over a longer period of time.
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This can be especially beneficial for those who are trying to improve their credit or who have a limited credit history. Online loans also tend to have faster turnaround times than traditional loans.