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Home»Loans»Direct deposit loans: 6 alternative loans with fast funding times
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Direct deposit loans: 6 alternative loans with fast funding times

November 27, 2024No Comments1 Min Read
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Direct deposit loans: 6 alternative loans with fast funding times
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Pros

  • You may be approved and receive funds the same day you apply.
  • Approval doesn’t usually require a credit check.
  • Funds are deposited directly to your bank account.
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Cons

  • Highest APRs of any loan type.
  • You must repay the entire balance plus fees by your next paycheck.
  • Can lead to costly debt rollovers that increase your debt load.

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See also  Do student loans affect buying a house?
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