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Some payday lenders might require borrowers to supply a copy of their passport or other government-issued identification as a way to approve the money. Payday loans may be more expensive for borrowers who may have a history of bankruptcy or other financial difficulties, as lenders may view them as being a higher risk for default. Payday online installment loans no credit check instant approval canada may be more expensive for borrowers that have no other options for covering pet-related expenses and other animal care costs. online installment loans no credit check instant approval canada Debt settlement involves negotiating with creditors to lessen the level of debt owed, in exchange to get a lump-sum payment or a repayment schedule. Some lenders may offer lower rates of interest or more favorable terms than these. Debt consolidation involves combining multiple debts right into a single, more manageable loan which has a lower interest rate plus much more favorable repayment terms. Borrowers needs to be cautious of payday loan scams, where fraudsters pose as legitimate lenders in order to steal personal and financial information. Borrowers who are unable to repay a payday loan should contact their lender immediately to talk about alternative repayment options, such as a repayment plan or debt negotiation.