Jump to content

do payday loans report to CRA?


Recommended Posts

I bet they do if you default...

I wonder if they do when you do good, it would be a loan line, Just wondering

My sister needs some good credit...she says she has done payday loans.

I told her I did not think they checked her credit, probally just her credit with them when she wanted another loan, so I don't think it's helping her score

any input?

Link to comment
Share on other sites

They don't report in a positive manner and only some report if you default. Funny thing is that there are payday loan "stores" out there who claim to report a positive TL for you to help those with "bad credit" turn it into "good credit."

HAH.

Good credit with a 500% interest rate? LOL.

Link to comment
Share on other sites

They don't report in a positive manner and only some report if you default. Funny thing is that there are payday loan "stores" out there who claim to report a positive TL for you to help those with "bad credit" turn it into "good credit."

HAH.

Good credit with a 500% interest rate? LOL.

I've been told that by Advance America. They never reported...

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.