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Some payday lenders may require borrowers to provide a copy with their business license or any other proof of entrepreneurship to be able to approve the credit. Some payday lenders may offer loans to borrowers without income verification, but these plans may come with very high rates of interest and fees. Borrowers who will be considering a cash advance should be alert to the potential influence on their credit history and financial well-being, and may only borrow what they are able to afford to. Some payday lenders may require borrowers to offer a copy of these utility bills and other proof of residency in order to approve the loan. Some lenders may offer pay day loans with lower interest rates or more favorable repayment terms than these. Borrowers should consider the potential consequences of debt settlement before pursuing it, including the influence on their credit standing and financial well-being. Payday loans could possibly be more expensive for borrowers who have no other choices for accessing credit, for example credit cards or personal loans. Some payday lenders may offer loans to borrowers without having credit history, but these refinancing options may come with very high rates of interest and fees. Borrowers who are considering a payday advance should be mindful of the potential influence on their credit history and financial well-being, and should only borrow what they are able to afford to pay back.