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Additionally, credit card cash advances are typically more flexible than payday loans. Avoid applying for new credit unnecessarily: Each time you apply for credit, it generates a "hard inquiry" on your credit report, which can slightly lower your credit score. The fees and interest rates associated with these loans can be very high, and you may end up paying much more than you borrowed.
Using a secured credit card responsibly can help you build or rebuild your credit, which may make it easier for you to qualify for a credit line in the woodstock future. A credit card cash advance is a service that allows credit cardholders to withdraw cash from their credit card account, while a payday loan is a short-term, high-interest loan that is typically used to cover unexpected expenses or emergencies.