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These might seem like a good idea because they come to you, but they can actually be risky. Additionally, carrying a high balance can damage the loans borrower's credit score, as it can indicate that they are overextended and may have difficulty repaying their debts.
As a result, they may be able to offer lower interest rates on personal loans than banks or other for-profit lenders. One of the loans main advantages of a revolving credit line is the flexibility it offers.