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They offer a predictable payment schedule and often have lower interest rates than other types of loans. Banks are typically large financial institutions that offer a range of loan products, including personal loans, mortgages, car loans, and business loans. One of the bad main features of a revolving credit line is that the borrower only pays interest on the amount of money that they actually borrow.
Credit card issuers typically have less stringent eligibility requirements than payday lenders, and the bad borrower's credit score is not typically a factor in their approval. That's way faster than waiting for a regular loan from a bank or credit union.