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Does it matter if I have bad credit or no credit?

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Payday Insider:  Credit is not the primary factor for a payday loan. The pay day loan house looks for other collateral to ensure that the borrower will repay their loan amount. Why should a lender worry about credit scores? The reply is simple; credit score determine whether the applicant is financially responsible. A person with good credit score means that he repays his loans on time. This is the reason why loan companies often look for applicant's credit score. Does this mean people with bad credit or no credit are not eligible for payday loans? The answer is no, because pay day or cash advance payday loan ...

Payday Expert on November 27, 2009 0

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Payday loans ambush military

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Payday Insider:  If someone walked up to you and offered you a loan with a 36% interest rate, you'd know to walk away and look for a better deal somewhere else. Even credit cards usually offer better rates than that. But thanks to payday lenders' hard-to-resist sales tactics, many people fall into the trap of payday loans that come saddled with steep fees that over time can result in triple-digit interest rates. And payday lenders make a point of targeting people in the military. Why? Because they know military personnel have steady paychecks, are unlikely to get laid off or quit their jobs and -- given ...

Payday Expert on November 18, 2009 0

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