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There are two main types of revolving credit lines: secured and unsecured. Cardholders should carefully consider their options and only use cash advances on credit cards as a last resort.
In contrast, doorstep lenders are loan providers who offer loans and other financial products directly to consumers at their homes. If you're thinking about getting a loan, make sure to do your research and choose a lender that you can trust. Using a secured credit card responsibly can help you build or rebuild your credit.
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To avoid these pitfalls, it is important for borrowers to carefully manage their credit line and only borrow what they can afford to pay back. Here are a few:.