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These loans are typically used by people that need cash quickly and never have access to other designs of credit. online payday loans bc loans might be more expensive for borrowers that have a reputation bounced checks and other banking problems. Payday loans may be more expensive for borrowers who are unable to provide collateral or possibly a co-signer, as lenders may view them as being a higher risk for default. online instant payday loans Some payday lenders may offer loans to borrowers with poor credit, but these financing options may come with very high rates of interest and fees. Payday lenders may also report delinquent borrowers to credit bureaus, potentially damaging their credit scores and rendering it more difficult to allow them to access credit later on. Borrowers who are not able to repay a cash advance should contact their lender immediately to talk about alternative repayment options, like a repayment plan or debt settlement. Some payday lenders might require borrowers to deliver a copy of their driver's license or any other proof of residence to be able to approve the money. Payday loans could be more expensive for borrowers who have no other choices for covering unexpected expenses or emergencies.