2007-05-26 08:31:53 · 6 answers · asked by J W 1 in Business & Finance ➔ Personal Finance
yes, if you don't pay it, then it could be reported on your credit as a collection or judgement.
2007-05-26 08:37:06 · answer #1 · answered by misty m 4 · 0⤊ 0⤋
If you're using payday loans, your credit is probably already pretty bad. If you have decent credit, there are other ways to get a loan with much lower fees and interest.
2007-05-26 12:54:18 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
a payday loan is just a short term loan,if paid its good if not then they report it to credit bureau same as a bank.
2007-05-26 08:37:56 · answer #3 · answered by john f 2 · 0⤊ 0⤋
Just like any loan that you don't pay back on time, they can hurt your credit report...
2007-05-26 10:13:26 · answer #4 · answered by Jen G 5 · 0⤊ 0⤋
Any debt not paid can mess up your credit!
2007-05-26 13:31:28 · answer #5 · answered by Cookie 3 · 0⤊ 0⤋
I think yes
2007-05-26 15:20:43 · answer #6 · answered by Anonymous · 0⤊ 0⤋