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Often with a credit card you can pay the full amount off within a month or so without paying any interest... Generally, the lower the APR the better the deal for you, so if you are thinking about borrowing, shop around... For the purposes of this study, loan is defined as a process in which a consumer takes out a credit agreement, in the form of a fixed period loan or revolving credit (such as a credit card or flexible loan), and uses some or all of the funds advanced to pay off two or more existing debts, in full or in part... http://www.onesteploan.co.uk/loans
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