You should avoid payday loans for all of the following reasons except? You may end up creating a continuous cycle in which your paycheque is always needed to repay shortterm loans If you shop around, you may find more affordable borrowing rates You shouldn't spend money unless you have money to spend You may be able to obtain a temporary loan by using your credit card Question 29 (1 point) True or False? The interest rate charged on a cash advance is applied at the end of the billing cycle. That is, there is a grace period during which you can pay off the cash advance with no interest charge. True False Question 30 (1 point) A revolving open-end credit is provided for specific purchases, such as a car. True or False? True False