Yes,
payday lenders usually don't report to the credit reporting agencies.
But if your debts go into collections, it might be reported in your
credit report. So, if you are having problem in repaying your payday
loan, feel free to call 800-DEBT-913 for immediate assistance.
What
they have said is correct. But I just want to tell you one thing. If you
are planning to skip payments, then you will be making a big mistake. As
Craigh has said, the collection agencies will report your payday loans
to credit bureaus. Even the illegal payday loans, who actually can't
report to your credit reports, they use this strategy. Plain Green sends
their default accounts to collection agencies. Thereafter, they report
to credit bureaus and threaten to file a lawsuit against borrowers.
Payday loans are not reported to the three major national credit reporting companies, so they are unlikely to impact your credit scores.
Payday lenders do not report any information about payday loan borrowing history to the nationwide credit reporting companies.
So, taking out a payday loan won’t impact your credit score.
Sub: #1 posted on Thu, 10/08/2020 - 23:37
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Sub: #2 posted on Sun, 10/11/2020 - 22:39
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Sub: #3 posted on Wed, 10/14/2020 - 22:52
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Sub: #4 posted on Fri, 10/16/2020 - 07:16
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