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Some payday lenders may need borrowers to provide a copy of the lease agreement or other proof of rental history in order to approve the borrowed funds. Some payday lenders advertise themselves instead of traditional loan companies, but they are not subject to the identical regulations and oversight as banks and lending institutions. Payday loans could be more expensive for borrowers who may have a good reputation for bankruptcy or another financial difficulties, as lenders may view them as being a higher risk for default. Borrowers who’re struggling with cash advance debt should be aware of their options for debt settlement, including debt consolidation, debt negotiation, and bankruptcy. Payday loans might be more expensive for borrowers that have a reputation bankruptcy or other financial difficulties, as lenders may view them like a higher risk for default. Payday loans could possibly be more expensive for borrowers who will be unemployed or underemployed, as lenders may view them like a higher risk for default. Debt consolidation involves combining multiple debts right into a single, more manageable loan using a lower interest rate plus more favorable repayment terms. Payday loans may be more expensive for borrowers who may have a good reputation for defaulting on loans or any other financial obligations. Bankruptcy can be a legal method that can eliminate most unsecured debts, including payday cash advances, although it might have serious consequences for the borrower’s credit standing and financial future.