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Send message to oglam1976
Sub: #1 Default/Collections/Credit Bureau
Replied on 08-27-2008, 08:13 PM
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I have several payday loans. They are all in default. I have made arrangement with some of the companies and some decline the offers. What happens when loans go to a 3rd party collection agency? Can payday loans be reported to the credit bureau? I also searched the link to see if a company was licensed in IL and none of the companies were listed and one of the companies is in IL. These are all Internet Loans


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Send message to phoenix
Sub: #2
Replied on 08-27-2008, 11:33 PM
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Payday loan defaults don't generally get reported to the main 3 credit bureaus. One of our moderators, Goudah has precisely given the following answer in another thread http://www.debtconsolidationcare.com...bout24144.html : -

Quote:
Generally speaking, they don't report you to the 3 major credit bureaus. They most commonly report you to Teletrack. Have negative entries on Teletrack will only stop you from getting more payday loans, renting furniture, and getting some other high interest subprime loans.


Anonymous
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Sub: #3
Replied on 03-05-2009, 04:46 PM
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I did have one online payday loan company report me to a credit bureau. Just one, the others didn't. The company that reported me is called PaydayMax.

Anonymous
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Sub: #4
Replied on 03-05-2009, 06:03 PM
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i did too



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Send message to nohiogal
Sub: #5
Replied on 03-06-2009, 02:35 AM
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I would dispute that. PaydayMax is illegal.

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Send message to kfstaff24
Sub: #6
Replied on 03-06-2009, 07:06 PM
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Definitely dispute PaydayMax. It amazes me what some of these companies will do.

cri
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Sub: #7
Replied on 11-02-2009, 10:20 AM
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mycashnow reported me as well




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Send message to paulmergel
Sub: #8
Replied on 11-02-2009, 11:11 AM
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dispute it.just state that they an illegal online pdl.it should be deleted.

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