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This implementation meant that, while loans of one or two months weren't marketed, numerous lenders moved into installment loans of 3-12 months duration in its place to payday loans. Dunkley, Emma (April 2014). "FCA rules might drive quarter of payday lenders out of business". Google declared that as of 13 July 2016, advertising of payday loans would now not be possible nonetheless this implementation was restricted in the UK. In July 2013, Katona declared bankruptcy for the second time, and was dropped by Money Lady. The second requirement is that you will need to offer evidence concerning your supply of earnings, which can guarantee that you just will pay the borrowed money again. With a purpose to secure the loan the borrower will need to have sure forms of identification comparable to a legitimate government-issued ID like a driver’s license, proof of earnings, some type of mail to show residency, automobile registration, a lien-free automotive title of their name, references, and car insurance, although not all states require lenders to point out proof of auto insurance. When filling out these functions, they might ask for things just like the vehicle's Automobile Identification Number (VIN) and/or insurance coverage numbers.