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This can result in the virginia cardholder owing more in interest over time, especially if they are unable to pay off the cash advance quickly. Doorstep loans often have very high fees and interest rates, which can make them hard to pay back.

Borrowers should also be aware that defaulting on an installment loan can have serious consequences, including damage to their credit score and the wv possibility of legal action. This may include proof of income, such as pay stubs or tax returns, as well as information about any outstanding debts or assets. They offer a predictable payment schedule and often have lower interest rates than other types of loans.

This means that the virginia borrower will pay less in interest over the life of the loan with a credit card cash advance. These might seem like a good idea because they come to you, but they can actually be risky.