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Some payday lenders may require borrowers to supply a copy of the marriage license or another proof of relationship to be able to approve the borrowed funds. Borrowers who use payday advances often have low incomes and poor credit scores, making it difficult to enable them to access other kinds of bad credit loans instant approval canada. Payday loans could be more expensive for borrowers who will be unable to provide collateral or a co-signer, as lenders may view them being a higher risk for default. e transfer payday loans canada 24 7 no credit check Some payday lenders may need borrowers to offer a copy of their tax returns or other financial documents to be able to approve the loan. The high rates on payday loans can make it difficult for borrowers to repay the money on time which enable it to lead to your cycle of debt. Some lenders may report payday loans to credit reporting agencies, potentially damaging the borrower's credit rating and so that it is more difficult gain access to credit down the road. Payday loans may have serious consequences for borrowers who are not able to repay the money, including damaged fico scores, wage garnishment, and even legal action. Borrowers who are can not repay a payday advance should contact their lender immediately to go over alternative repayment options, say for example a repayment plan or debt negotiation.