The phrase
"loan and credit cards" refers to two different ways of borrowing money. A loan is a sum of money that you borrow from a bank or other financial institution and pay back with interest over time. On the other hand, a credit card is a type of payment card that allows you to make purchases using credit provided by the card issuer. Instead of borrowing a specific amount, with a credit card, you can use it to make multiple purchases up to a certain limit determined by the card issuer.
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