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One of the bad main advantages is the lower cost. These loans often have much higher interest rates and fees than online loans or traditional loans, which can make them difficult to repay.

Here are a few:. However, cash advances on credit cards also come with some significant drawbacks.

One of the credit main features of a revolving credit line is that the borrower only pays interest on the amount of money that they actually borrow. One of the credit main benefits of online loans is their accessibility.