Will Bad Credit Keep Me From Getting a Payday Loan?

Will Bad Credit Keep Me From Getting a Payday Loan?

Will having bad credit prevent me from being approved for a payday loan? This is one of the most commonly asked questions when it comes to getting payday loans. The good news is that your credit rating and credit score are not even taken into account when you go to apply for any payday loan. While it is true that almost any other lender will check your credit report and credit score as part of the approval process, payday loan lenders do not do this.

What Do They Check On Then If Not My Credit Report?

There are only a couple of things that these lenders do check on when they are deciding whether or not to approve your payday loan application: that you have an open and active checking account and that you are gainfully employed.

Read more