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| − | + | Borrowers who will be considering a cash advance should be alert to the potential consequences of default, including a lawsuit and damaged credit. Some payday lenders may require borrowers to deliver a copy of these insurance policy and other proof of coverage to be able to approve the credit. Payday loans could be more expensive for borrowers who have poor people's credit reports, as lenders may view them like a higher risk for default. [https://play.google.com/store/apps/details?id=com.ni.OnlinePaydayLoansCanada bad credit loans instant approval canada] The interest rates on [https://play.google.com/store/apps/details?id=com.ni.OnlinePaydayLoansCanada bc online payday loans] loans are generally very high, with APRs (annual percentage rates) which range from 300% to 500% or higher. Payday loans may be more expensive for borrowers that have no other source of income, as lenders may view them as a higher risk for default. Some payday lenders may need borrowers to provide a copy of their passport and other proof of international travel so that you can approve the loan. Borrowers that are considering a cash advance should be alert to the potential consequences of default, including legal action and damage on their credit score. Borrowers who're considering a cash advance should be aware of the potential affect their credit history and financial well-being, and may only borrow what they can afford to repay. | |
Latest revision as of 23:32, 25 October 2023
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