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Here are a few:. The fees and interest rates associated with these loans can be very high, and you may end up paying much more than you borrowed.

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A secured revolving credit line is one that is secured by collateral, such as a car or a house. These loans often have much higher interest rates and fees than online loans or traditional loans, which can make them difficult to repay. One of the saint main drawbacks of doorstep loans is the high cost.