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The fees and interest rates associated with these loans can be very high, and you may end up paying much more than you borrowed. However, cash advances on credit cards also come with some significant drawbacks.

Credit card cash advances typically have a higher interest rate than regular credit card purchases, and some credit card issuers also charge a fee for cash advances. These loans are often marketed as a convenient alternative to traditional loans, but they can be risky and come with high fees and interest rates.

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