Get 3 Credit Reports
Sep 25
2010
2010
How much can a payday loan that reports to the 3 bureaus help my credit score?
I recently saw an offer to get a payday loan that reposts to the big 3 credit agencies.
How much can getting payday loans and paying them off on time REALLY improve my credit score?
It’s surprising that a payday loan would even report to a credit bureau! It probably wouldn’t help your score much since payday loans are short term. There wouldn’t be much history to report.
Payday loans will cost you a fortune in interest. The APR is in the 600%+ range. This would be a really bad way to try and build credit.
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