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Borrowers must be cautious of payday loan scams, where fraudsters pose as legitimate lenders as a way to steal personal and financial information. Payday loans could possibly be more expensive for borrowers who’ve no other choices for covering funeral expenses or another end-of-life costs. Some payday lenders may require borrowers to provide personal information, for example their social security number or banking account information, as a way to approve the credit. Borrowers that are considering a payday loan should be aware that the credit may not be reported to credit agencies, which suggests it may not help them build or improve their credit. Borrowers who will be struggling with cash advance debt should be alert to their options for credit card debt relief, including consolidation, debt negotiation, and bankruptcy. Some payday lenders may offer installment loans, which permit borrowers to repay the money over a long time. Borrowers should only borrow up to they can afford, and will not rely on payday cash advances as a regular way to obtain credit. Borrowers should be cautious of pay day loan scams, where fraudsters pose as legitimate lenders so that you can steal personal and financial information. Some lenders may offer ei payday loans advances with lower rates or more favorable repayment terms than others.