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These loans often have much higher interest rates and fees than online loans or traditional loans, which can make them difficult to repay. This may include proof of income, such as pay stubs or tax returns, as well as details about any debts or assets the bad borrower has. Another advantage of a credit card cash advance is that it is typically easier to qualify for than a payday loan.
Credit card cash advances typically have a higher interest rate than regular credit card purchases, but they are still typically lower than the loans interest rates on payday loans. It is important for borrowers to carefully consider their options and choose a loan product that meets their specific needs and financial situation.