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However, there are also some potential drawbacks to getting a loan from a bank. These platforms may be more willing to lend to unbanked individuals who may not qualify for a traditional loan. A cash advance on a credit card is a service that allows cardholders to withdraw cash from their credit card account.
For example, many online lenders do not require a minimum credit score or collateral. Consider a secured credit card: If you have a poor credit score, you may have a difficult time getting approved for a traditional credit card.
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