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And sometimes, doorstep lenders use pressure tactics to try and get you to take out a loan, even if it's not a good idea for you. 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. One of the iowa main benefits is the potential for a lower interest rate, which can result in lower monthly payments and save the borrower money over the life of the loan.
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