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Payday loans are short-term loans that are typically due on your next payday. There are several reasons why you might consider using a credit union for a personal loan.
Get your money: If your application is approved, the online lender will deposit the loan amount directly into your bank account. Work with a credit counselor: If you're having trouble managing your credit, you might consider working with a credit counselor. And sometimes, doorstep lenders use pressure tactics to try and get you to take out a loan, even if it's not a good idea for you.