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Payday loans are short-term loans that are typically due on your next payday. It's important to note that payday loans can be very expensive and should only be used as a last resort.
Revolving credit lines are often used for a variety of purposes, including managing cash flow, covering unexpected expenses, or making large purchases. As the loans borrower makes payments on the loan, the credit limit becomes available again, allowing the borrower to borrow more money if needed.