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Borrowers must be cautious of rollover and extension options, as they are able to lead to some cycle of debt that may be difficult to escape. Payday loans might be more expensive for borrowers who have a reputation bounced checks or other financial problems, as lenders may view them like a higher risk for default. Some payday lenders might require borrowers to offer a copy of the tax returns or other financial documents as a way to approve the loan. Borrowers who're considering a payday advance should carefully review the terms and conditions of the borrowed funds, including any hidden fees or charges. Borrowers who're considering a cash advance should be mindful of the potential impact on their credit rating and financial well-being, and really should only borrow what they could afford to settle. Some payday lenders may necessitate borrowers to provide a copy of their driver's license or any other proof of residence to be able to approve the credit. Payday loans may be more expensive for borrowers who may have no additional options for covering home repairs and other household expenses. Borrowers who are considering a payday advance should be aware of the potential consequences of default, including law suit and damage on their credit score. Borrowers who're considering a payday advance should be aware of the potential consequences of default, including a lawsuit and damage with their credit score.
