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Disadvantages of Same-Day Loans
While same-day loans provide fast entry to cash, additionally they come with a number of disadvantages. One primary concern is the high-interest rates associated with these loans, which may result in important debt if borrowers are unable to repay them on time. Because these loans are sometimes short-term, borrowers could discover themselves needing to renew or refinance to cover the repayment, leading to a debt cycle that might be tough to f


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