08-27-2008, 08:13 PM
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Default/Collections/Credit Bureau
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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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 : -
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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.
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03-05-2009, 06:03 PM
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i did too
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03-06-2009, 02:35 AM
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I would dispute that. PaydayMax is illegal.
__________________
To infinity, and beyond
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03-06-2009, 07:06 PM
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Definitely dispute PaydayMax. It amazes me what some of these companies will do.
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11-02-2009, 10:20 AM
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mycashnow reported me as well
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11-02-2009, 11:11 AM
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dispute it.just state that they an illegal online pdl.it should be deleted.
__________________
giving hope to the hopeless,help to the helpless,and hap to the hapless.
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