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Payday loans are very high interest loans made on smaller amounts of money. They are usually meant to be paid off when your “payday” comes, but if you go late,
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Payday loans are often used by people who are in a financial bind and looking for temporary relief until their next paycheck, but will they impact your credit?
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Payday oans are those small, short term loans that are linked to your payday. If you default on one it will be on your credit report and lower your credit score
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The practice of reporting payday loan and cash advance loan histories to credit bureaus vary among payday loan and cash advance loan lenders.
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Identification. If a payday loan lender does not perform a credit check, your payments will not show up on your credit report, according to LoanSafe.org.
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