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One of the co main advantages is the lower cost. Credit lines for unbanked people. Get your money: If your application is approved, the bad lender will deposit the loan amount directly into your bank account.
These loans are often marketed as a convenient alternative to traditional loans, but they can be risky and come with high fees and interest rates. A cash advance on a credit card is a service that allows cardholders to withdraw cash from their credit card account. However, it's important to be cautious when borrowing from an alternative lender, as the lucerne fees and interest rates may be higher than those of a traditional lender.