Quick – term loans might have long – term consequences

Quick – term loans might have long – term consequences

Quick – term loans may have long – term effects

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Short-term loans could be tempting if you want money quickly. You just make an application for a loan, have the funds you want, and spend them back an amount that is short of. These loans could be a lifesaver if you are attempting to scrounge together crisis funds for automobile repairs or medical bills without getting that loan from the bank.

But, short-term loans are fraught with danger’s high costs and interest levels, brief payment durations, possibly unscrupulous loan providers and may be approached with great care.

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