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This process can take anywhere from a few minutes to a few days, depending on the credit lender. 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.
For example, many online lenders do not require a minimum credit score or collateral. A credit card cash advance is a service that allows credit cardholders to withdraw cash from their credit card account, while a payday loan is a short-term, high-interest loan that is typically used to cover unexpected expenses or emergencies.