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This can make cash advances on credit cards a very expensive way to borrow money. Credit unions may be a good option for those who are looking for a lender that is willing to work with them to find a loan product that meets their needs and budget. If you are looking for a lender that is committed to supporting local businesses and organizations, a credit union may be a good choice.
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This can result in the loans cardholder owing more in interest over time, especially if they are unable to pay off the cash advance quickly. Overall, personal loans can be a useful financial tool for individuals who need to borrow money for a specific purpose.