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Payday loans could be more expensive for borrowers that have a reputation bankruptcy or another financial difficulties. Personal loans and bank cards may have lower interest rates and more favorable repayment terms than payday advances. Payday loans may be more expensive for borrowers who have no other choices for covering unexpected expenses or emergencies. Some payday lenders may necessitate borrowers to supply a copy of the driver's license and other proof of residence to be able to approve the borrowed funds. Payday loans could possibly be more expensive for borrowers that have no other options for covering pet expenses or another animal-related costs. Payday loans could be more expensive for borrowers that have a reputation bounced checks or any other financial problems, as lenders may view them as being a higher risk for default. Borrowers must be cautious of lenders that do not require any documentation or perform any credit rating checks, since these lenders could possibly be engaging in predatory lending practices. Payday loans might be more expensive for borrowers who have no savings or emergency fund, as unexpected expenses or emergencies will make it hard to repay the credit on time. Payday loans could possibly be more expensive for borrowers who've no additional options for covering funeral expenses and other end-of-life costs.