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This can be especially helpful if you are facing financial difficulties or are unable to make regular monthly payments. Some traditional loans have strict rules about credit scores or needing collateral (like a car or house). Payday loans are short-term loans that are typically due on your next payday.

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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. For example, many online lenders do not require a minimum credit score or collateral.

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