PAYDAY LENDERS – The bits they don’t tell you about
We all have times where there seems to be more month than cash but
before considering a payday loan, make sure you look at all the options…
Did you know that taking out a payday loan can have an adverse
effect on your credit score?
No? Well, lenders view payday loans negatively as an inability to responsibly
manage your finances and can imply all other forms of borrowing have been
refused.
Keep in mind, a payday loan remains on your credit score for up to
six years and will essentially limit your ability to borrow, and more
importantly your ability to get a mortgage.
