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Instead, try to pay your balances in full each month and only charge what you can afford to pay off. Some traditional loans have strict rules about credit scores or needing collateral (like a car or house). This is especially convenient for those who have busy schedules or live in rural areas where access to traditional lending institutions may be limited.

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The borrower can borrow as much or as little as they need, up to their credit limit, and can repay the iowa loan at their own pace. The fees and interest rates associated with these loans can be very high, and you may end up paying much more than you borrowed.