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Payday loans might be more expensive for borrowers who may have no other available choices for covering pet expenses or any other animal-related costs. Bankruptcy is often a legal procedure that can eliminate most unsecured debts, including pay day loans, although it will surely have serious consequences for that borrower’s credit history and financial future. …

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Some lenders may report payday advances to credit agencies, potentially damaging the borrower’s credit history and rendering it more difficult to get into credit down the road. Some payday lenders may offer installment loans, which allow borrowers to repay the loan over a long time. Borrowers who will be considering a payday advance should be …

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