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Some payday lenders may offer installment loans, which permit borrowers to repay the loan over a long time. Payday loans will surely have serious consequences for borrowers who are unable to repay the loan, including damaged credit ratings, wage garnishment, and even legal action. Borrowers must look into the potential consequences of debt relief before pursuing it, including the effect on their credit score and financial well-being. Payday loans could possibly be more expensive for borrowers that have no other options for accessing credit, like traditional loans or a line of credit. Some lenders may offer payday cash advances to borrowers with previous bankruptcy or another financial difficulties, although these financing options may come with higher rates of interest and more stringent repayment terms. Payday loans could be more expensive for borrowers that have no other options for covering pet expenses and other animal-related costs. Borrowers who’re considering a pay day loan should carefully review the stipulations of the borrowed funds, such as the interest rate, fees, and repayment terms. Some payday lenders may need borrowers to offer a copy of their credit report and other financial information to be able to approve the loan. Borrowers who’re struggling with cash advance debt should seek aid from a credit counselor or another financial advisor, who are able to help them create a plan to have out of debt and rebuild their credit.