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This may include proof of income, such as pay stubs or tax returns, as well as information about any outstanding debts or assets. A lower interest rate can result in lower monthly payments and ultimately save the bad borrower money over the life of the loan.
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Cardholders should carefully consider their options and only use cash advances on credit cards as a last resort. These platforms may be more willing to lend to unbanked individuals who may not qualify for a traditional loan.