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Payday Loans Competitors

Companies that offer Payday Loans have a few competitors. There are some banks or credit unions that offer loans in small amounts. However, approval is based on credit rating and does require an application to be filled out and other documentation. Pawn shops are another competitor. They offer money to people based on the value of an item they bring in. This is an option for some people. Places that offer car title loans are another type of establishment someone may go to in order to receive cash for an emergency situation. This, of course, would require the borrower to have title to a vehicle.