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Do payday loans affect credit score? The quick answer is yes. Payday loans affect credit score if you do not pay back your loan and the loan goes to a collection agency.
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Dear Joanna, If you repay the payday loan on time and in full then any effect on your credit rating could be positive. When lenders check your credit report they are No fax electronic signature payday loans
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Payday loans are illegal in North Carolina. A payday lender that is collecting on its illegal loan may be breaking North Carolina's debt collection laws.
Technically getting a payday loan may well help your credit score, which in turn could make it easier and cheaper to get other products such as mortgages.
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