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However, cash advances on credit cards also come with some significant drawbacks. The fees and interest rates associated with these loans can be very high, and you may end up paying much more than you borrowed.
So, for example, if your credit limit is $10,000, you should aim to use no more than $3,000 of that credit. But with an online loan, you can apply from anywhere. Another benefit of online loans is that they often have more flexible eligibility requirements than traditional loans.