Re: Credit score
The bottom line with a payday loan is that they charge a large amount of interest and if you don't pay them back immediately you could end up paying 2 to 3 times the amount you borrowed. They have no impact on your credit score as long as you pay it. Unless they report and then it could be good. There are other loan companies that do title loans and small personal loans for people with bad credit. Not saying that you do but I figured it you were going to a payday loan company then probably couldn't go to a bank? I don't think that their interest is much lower but you don't have to pay it back the next week.
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