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Borrowers who're considering a pay day loan should carefully review the stipulations of the loan, including the interest rate, fees, and repayment terms. Borrowers who are not able to repay a cash advance should contact their lender immediately to debate alternative repayment options, like a repayment plan or debt settlement. Borrowers who will be considering a payday loan should carefully review the fine print of the credit, including any penalties and fees for late or missed payments. Some payday lenders may necessitate borrowers to offer a copy with their military ID or another proof of service as a way to approve the borrowed funds. Borrowers that are considering a pay day loan should be alert to the potential effect on their credit rating and financial well-being. Some payday lenders may require borrowers to offer collateral or even a co-signer in order to secure the credit, which may make it difficult for some borrowers to qualify. Some payday lenders may necessitate borrowers to supply a copy of these passport and other proof of international travel so that you can approve the money. Borrowers who're considering a payday advance should be mindful of the potential consequences of default, including legal action and business collection agencies efforts. Payday lenders might also report delinquent borrowers to credit bureaus, potentially damaging their people's credit reports and rendering it more difficult to allow them to access credit down the road.