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Borrowers who are not able to qualify for a personal loan or plastic card may still have the ability to access other forms of credit, for instance a secured charge card or a credit builder loan. Borrowers that are considering a cash advance should be aware of the potential influence on their credit history and financial well-being, and will only borrow what they're able to afford to settle. Payday loans might be more expensive for borrowers who may have no additional options for covering medical expenses or any other unexpected costs. Borrowers who will be considering a pay day loan should carefully review their budget and be sure that they're able to afford to repay the money on time. Borrowers who are not able to qualify for any personal loan or plastic card may still be capable of access other designs of credit, such as a secured bank card or a credit builder loan. Payday loans might have a negative impact on a borrower's credit score, particularly if they are unable to repay the loan on time or default about the loan. Some payday lenders might require borrowers to offer a copy with their passport or another government-issued identification in order to approve the money. Some payday lenders may require borrowers to offer a post-dated check or authorize electronic withdrawals using their bank account so that you can secure the borrowed funds. Some payday lenders may necessitate borrowers to deliver a copy of their social security card or any other proof of identity so that you can approve the credit.